November 2022 Dividend Income

As I'm writing this blog post, it's Friday, December 2nd. It's hard to believe that there are just four weeks left to this year. Surprisingly, the high temperature is going to reach 40 degrees Fahrenheit today here in Central Wisconsin. That's considerably warmer than the average high of 27 degrees Fahrenheit for December in my area.

With that being said, November is now in the books. I will go over the net dividend income that my portfolio generated for the month of November 2022.

Analysis:

During November 2022, I collected $228.67 in net dividends. This equates to a 9.4% quarterly growth rate over the $209.05 in net dividends that I received in August 2022.

My net dividends were a staggering 63.8% higher compared to the $139.64 in net dividends that were collected in November 2021.

Digging deeper, I received $214.61 in net dividends from 30 companies in my Robinhood account. My net dividends collected within my Webull portfolio amounted to $13.71 from three companies. Finally, I received $0.35 in net dividends from 15 companies in my M1 Finance account.

The net dividends that I collected from August 2022 to November 2022 soared higher by $19.62. This was due to the following activity within my portfolio:

I received an extra $0.40 in net dividends from Starbucks (SBUX) in my Robinhood account, which was the result of the stock's 8.2% dividend hike in September.

My net distributions collected from Energy Transfer (ET) within my Robinhood and Webull portfolios were $9.00 higher. This was due to the company's 15.2% distribution boost in October, as well as my purchase of 26 more units in August.

I received an additional $0.12 in net dividends from Main Street Capital (MAIN) in my Robinhood account, which was the result of a 2.3% dividend increase in the monthly dividend per share in November.

My net dividends collected from British American Tobacco (BTI) within my Robinhood and Webull portfolios were $3.36 more than the prior quarter. This was due to my purchase of six additional shares of BTI in July.

I received an extra $3.30 in net dividends from National Retail Properties (NNN) in my Robinhood account, which was the result of my addition of six shares in August.

My net dividends collected from A.O. Smith (AOS) were $0.24 higher within my Robinhood portfolio. This was due to the stock's 7.1% dividend raise announced in October.

I received an additional $2.84 in net dividends from Texas Instruments (TXN) in my Robinhood account, which was the result of my purchase of another two shares in August and the 7.8% dividend increase in September.

My net dividends collected from Tanger Factory Outlet Centers (SKT) edged $0.22 higher within my Robinhood portfolio. This was due to the 10% hike in the dividend back in October.

I received my first ever payment of $2.56 in net dividends from STAG Industrial (STAG) in my Robinhood account, which was the result of opening a 21 share position in October.

My net distributions collected from Magellan Midstream Partners (MMP) within my Robinhood portfolio were $0.16 more than the prior quarter. This was due to its 1% distribution increase in November.

I received an extra $0.49 in net dividends from Mastercard (MA) in my Robinhood account. This was the result of my purchase of an additional share of the stock in July.

My net dividends collected from Verizon were $0.25 higher within my Robinhood portfolio, which was due to the stock's 2% dividend increase in September.

I received an additional $2.70 in net dividends from Bristol-Myers Squibb (BMY) in my Robinhood account. This was the result of my purchase of five more shares in September.

My net dividends collected from JPMorgan Chase (JPM) were $6.02 lower within my Robinhood and M1 Finance accounts, which was due to the timing of when I received the dividend payment.

Concluding Thoughts:

November 2022 was a record month of net dividend income for a middle of the quarter month. And based on my anticipated dividend increases and capital deployment, this will likely be my last middle of the month quarter under $250 in net dividend income.

Discussion:

How was your dividend income in November 2022?

Did you collect any first-time dividends during the month as I did with STAG?

I appreciate your readership and welcome your comments below!