September 2022 Dividend Income

As I'm writing this blog post, the temperature has dipped to a high of just 48 degrees Fahrenheit on Friday, October 7, here in Central Wisconsin. The good news is that temperatures will reach into the high-60 degrees Fahrenheit over the next several days.

With that aside, I'll detail the dividend income that my portfolio generated during September 2022.

During the month of September 2022, I collected $343.64 in net dividends. Against the $332.86 in net dividends that I received in June 2022, this is a 3.2% quarterly growth rate.

Stacked up to the $229.54 in net dividends collected for September 2021, this equates to a 49.7% year-over-year growth rate.

Digging deeper, I received $252.81 in net dividends from 44 stocks in my Robinhood portfolio. I also collected $75.94 in net dividends from my Capital Income Builder (CAIBX) mutual fund within my retirement account. My net dividends received from six stocks in my Webull portfolio amounted to $14.40. Finally, I received $0.49 from 23 stocks within my M1 Finance account.

The $10.78 quarterly increase in my net dividends collected from June 2022 to September 2022 was the result of the following activity in my portfolios:

My net dividends received from Simon Property Group (SPG) were $0.45 higher within my Robinhood account. This was due to the 2.9% raise in the quarterly dividend per share announced in August.

I also collected an additional $0.60 in special dividends from Main Street Capital (MAIN) during the month in my Robinhood portfolio.

My net dividends received from BP plc (BP) edged $0.36 higher within my Robinhood account, which was the result of the company's 10.1% hike to its quarterly dividend per share in August.

I also collected an extra $0.12 in net dividends from Duke Energy (DUK) for the month in my Robinhood portfolio. This was due to a 2% increase in the quarterly dividend per share back in July.

My net dividends received from Hershey (HSY) increased by $0.41 within my Robinhood account, which was the result of a 15% boost to its quarterly dividend per share in July.

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

My net dividends received from 3M (MMM) were $2.98 higher within my Robinhood account, which was the result of my purchase of two more shares in June.

I also collected an extra $3.30 in net dividends from International Business Machines (IBM) in my Robinhood portfolio. This was due to the addition of two more shares back in June.

My net dividends received from J.M. Smucker (SJM) increased by $0.09 within my Robinhood account, which was the result of a 3% raise in the quarterly dividend per share in July.

I also collected an additional $0.19 in net dividends from Essential Utilities (WTRG) in my Robinhood portfolio. This was due to the 7% hike in the quarterly dividend per share in August.

My net dividends received from Visa (V) within my Robinhood account were $0.75 higher, which was the result of my purchase of two more shares in August.

I also collected an extra $0.61 in net dividends from Cummins (CMI) in my Robinhood and M1 Finance portfolios. This was the result of an 8.3% raise in the quarterly dividend per share in July.

My net dividends received from Wells Fargo (WFC) increased by $0.40 within my Robinhood and Webull accounts, which was due to a 20% boost in the quarterly dividend per share in July.

I collected an additional $0.51 in net dividends from my CAIBX mutual fund, which was the result of dividend reinvestment.

Concluding Thoughts:

As I reinvest dividends, receive payout raises, and deploy capital of my own, my net dividends should continue to climb higher. I'm excited to keep grinding and boosting that dividend income higher with each passing quarter. Considering that December will have special dividends from my CAIBX mutual fund and March is still a ways off, this will likely be my last end of quarter month under $400 in net dividends.

Discussion:

How was your September 2022 for dividend income?

Did you collect any first-time dividends last month?

I appreciate your readership and welcome your comments below!