August 2022 Dividend Income

As I'm writing this blog post, it's the Saturday of Labor Day weekend. The temperatures will be in the low- to high-70 degrees Fahrenheit range over the next few days here in Central Wisconsin. That's why I will be getting outside as much as I can this weekend.

With that aside, I will turn my attention to my dividend income for the month of August since it is a few days in the books.

Analysis:

During August 2022, I received $209.05 in net dividends. This equates to a 13.7% quarterly growth rate compared to the $183.89 in net dividends collected in May 2022.

And my net dividends were 60.9% higher year-over-year against the $129.94 that I received in August 2021.

Digging more into my income, I collected $194.98 in net dividends from 29 companies in my Robinhood portfolio. Three companies within my Webull account chipped in another $13.70 in net dividends. And 16 companies in my M1 Finance portfolio contributed the remaining $0.37 in net dividends during the month.

The net dividends that I received from May 2022 to August 2022 surged $25.16 higher, which was the result of the following activity within my accounts:

I collected an extra $0.78 in net dividends from Williams-Sonoma (WSM) in my Robinhood portfolio, which was due to my addition of a share in April.

My net dividends received from British American Tobacco (BTI) dipped $0.52 within my Robinhood and Webull accounts. This was the result of unfavorable foreign currency translation with the dollar strengthening against the Pound sterling in recent months.

I collected an additional $1.80 in distributions from Energy Transfer (ET) in my Robinhood and Webull portfolios. This was due to the recent 15% hike in its quarterly distribution to $0.23 per unit.

My net dividends received from Main Street Capital (MAIN) edged $0.86 higher within my Robinhood account, which was the result of my purchase of four more shares back in May.

I collected an extra $0.01 in net dividends from Realty Income (O) in my Robinhood portfolio. This was due to the recent 0.2% increase in its monthly dividend per share.

My net dividends received from ONEOK (OKE) were boosted by $4.68 within my Robinhood account, which was the result of my purchase of five more shares in July.

I collected an additional $4.99 in net dividends from Kinder Morgan (KMI) in my Robinhood portfolio. This was due to my purchase of another 18 shares in June.

My net dividends received from National Retail Properties (NNN) inched $0.24 higher within my Robinhood account, which was the result of its 3.8% dividend raise in July.

I collected first-time net dividends of $3.36 from A.O. Smith (AOS) in my Robinhood portfolio. This was due to my purchase of 12 shares in April.

My net dividends received from Clorox (CLX) were $0.04 higher within my Robinhood account, which was the result of its 1.7% payout increase in July. 

I collected an extra $5.19 in net distributions from Magellan Midstream Partners (MMP) in my Robinhood portfolio. This was due to my purchase of five more units in July.

My net distributions received from Enterprise Products Partners (EPD) increased by $0.36 within my Robinhood and Webull accounts, which was the result of a 2.2% increase in its distribution per unit announced in July.

I collected an additional $1.25 in net dividends from Lowe's (LOW) in my Robinhood portfolio. This was due to its 31.3% hike in its quarterly dividend in May.

My net dividends received from General Mills (GIS) were $0.12 higher within my Robinhood account, which was the result of a 5.9% raise in the quarterly dividend per share declared in July.

I collected an extra $2.00 in net dividends from JPMorgan Chase (JPM) in my Robinhood portfolio. This was due to my purchase of two more shares in May.

Concluding Thoughts:

August 2022 was the first middle month of the quarter in which I surpassed $200 in net dividend income. My monthly capital deployment will likely be reduced for the next several months to $1,000 to $1,500. That's because I am again working through and trying to figure out some health issues that have bugged me the last several years. I haven't been able to exercise quite like I used to at the peak of my physical condition and haven't been able to enjoy my life as much.

For all of my content regarding financial independence, this is a good reminder that many things like health, faith, family, and country are each of high importance as well. Financial success certainly isn't the end all be all. Admittedly, I have lost sight of this fact from time to time.

If you're a Christian as I am or of another religion, I humbly ask for your prayers that I receive some answers from my upper endoscopy scheduled on Thursday, September 8. Otherwise, please keep me in your thoughts. I'm grateful for all of the support that I have received from readers over the years. And by the grace of God, I am hopeful that I will emerge on the other side of this storm as a better person.

Discussion:

How did your dividend income fare in August 2022?

Did you receive any dividend payments for the first time as I did with AOS?

I appreciate your readership and look forward to your comments below!