July 2022 Dividend Income

As I'm writing this blog post, the high temperature for today is expected to reach 86 degrees Fahrenheit. Temperatures will top out tomorrow at a high of 92 degrees Fahrenheit. But then temperatures will be in the ideal low-70 degrees to low-80 degrees Fahrenheit range for a few days. 

With July 2022 having been over for nearly a week, I will be taking a look at my net dividend income for the month. The spoiler alert is that my net dividend income was yet again a record for the first month of the quarter.

Analysis:

I received $176.10 in net dividends during July 2022. This is equivalent to a 26.5% growth rate over the $139.19 in net dividends collected in April 2022.

On a year-over-year basis, my net dividends received soared 62.6% higher compared to the $108.32 in net dividends collected from my portfolio in July 2021.

Taking a deeper dive, I received $165.47 in net dividends from 26 stocks in my Robinhood account. In addition, I collected $10.48 in net dividends from five stocks within my Webull portfolio. Lastly, I received $0.15 in net dividends from seven stocks in my M1 Finance account.

My net dividends collected were boosted by $36.91 from April 2022 to July 2022, which was due to the following activity within my portfolio:

I received my first dividend payment from Comcast (CMCSA) in the amount of $4.59 in my Robinhood account, which was the result of my decision to purchase 17 shares of the stock back in April.

My net dividends collected from Cisco (CSCO) were $4.18 higher within my Robinhood portfolio, which was due to the doubling of my position to 22 shares in June.

I received an extra $0.86 in net dividends from Main Street Capital (MAIN) in my Robinhood account, which was the result of my decision to add four more shares to my stake in May.

My net dividends collected from Realty Income (O) were $0.01 higher within my Robinhood portfolio, which was due to the company's 0.2% dividend increase in June.

I received an additional $4.24 in net dividends from STORE Capital (STOR) in my Robinhood and Webull accounts, which was the result of my 11 share purchase in June.

My net dividends collected from W.P. Carey (WPC) increased by $0.01 within my Robinhood portfolio, which was due to the 0.2% dividend raise in June.

I received my first dividend payment in the amount of $10.50 from Innovative Industrial Properties (IIPR) in my Robinhood account, which was the result of my decision to open a position in the stock in April.

My net dividends collected from Medtronic (MDT) were $2.29 higher within my Robinhood portfolio, which was due to the stock's 7.9% dividend increase in May and my purchase of three extra shares in June.

I received an additional $1.56 in net dividends from Leggett & Platt (LEG) in my Robinhood account, which was the result of the 4.8% dividend increase in May and my purchase of three more shares during the month.

My net dividends collected from Medical Properties Trust (MPW) were boosted by $5.22 within my Robinhood portfolio, which was due to my purchase of 18 more shares in June.

I received a first-time dividend payment from FedEx (FDX) in the amount of $3.45 in my Robinhood account, which was the result of my dividend stock purchases in May.

My net dividends collected from American Tower (AMT) were $0.09 higher within my Robinhood portfolio, which was due to the 2.1% dividend raise in May.

I received an extra $2.28 in net dividends from Eastman Chemical (EMN) in my Robinhood account, which was the result of my purchase of three more shares in May.

My net dividends collected from GSK plc (GSK) were $2.36 less within my Robinhood portfolio, which was due to the differing dividend payment amounts and the cut ahead of the Haleon (HLN) spinoff.

I received $0.01 less in net dividends from my M1 Finance account, which was also the result of GSK's dividend announcement.

Concluding Thoughts:

Quarter in and quarter out, my net dividends are consistently increasing. Factoring in expected dividend increases and capital deployment, August 2022 is going to be my portfolio's final month of net dividend income below $200 for any given month.

Discussion:

How was your dividend income in July 2022?

Did you collect any first-time dividends as I did with CMCSA, FDX, and IIPR?

Thanks for your readership and feel free to comment below!