January 2023 Dividend Income

As I'm writing this blog post, it is mid-February. It's hard to believe that the month is more than half over! This means that it is time to delve into my dividend income for last month.

During January 2023, I received $220.01 in net dividends. This is equivalent to a 7.5% quarterly growth rate compared to the $204.57 in net dividends collected in October 2022.

Stacked against the $128.80 in net dividends that I received from my portfolio in January 2022, this is a 70.8% year over year growth rate.

Diving into further detail, I collected $209.94 in net dividends from 28 stocks in my Robinhood account. I also received $9.89 in net dividends from four stocks within my Webull portfolio. Lastly, I collected $0.18 in net dividends from nine stocks in my M1 Finance account.

My net dividends received were boosted by $15.44 from October 2022 to January 2023, which was due to the following activity across my portfolios:

I collected an extra $2.16 in net dividends from Comcast (CMCSA) within my Robinhood account, which was the result of my purchase of eight more shares of the stock last October.

My net dividends received from STAG Industrial (STAG) were lifted higher by $2.56 in my Robinhood portfolio. This was the first dividend payment from the stock for the beginning of a quarter since I opened a position in October.

I collected $13.53 less in net dividends from STORE Capital due to my sale of the stock in November within my Robinhood and Webull accounts.

But my net dividends received from the newcomer to the Robinhood portfolio known as Spirit Realty Capital (SRC) increased by $13.26 from my stock purchase last November.

In addition to opening a stake in SRC, I also built my position in Realty Income (O) in November. Along with a 0.2% dividend increase in December, this explains how my net dividends collected from O edged $1.00 higher within my Robinhood account.

My net dividends received from W.P. Carey (WPC) rose $0.03 in my Robinhood portfolio. This was the result of a 0.4% dividend increase announced in December.

I collected an extra $7.32 in net dividends from Digital Realty Trust (DLR) within my Robinhood account, which was due to the timing of the dividend payment.

My net dividends received from Main Street Capital (MAIN) rose $0.12 in my Robinhood portfolio. This was the result of a 2.3% increase in its monthly dividend per share declared last November.

I collected $0.42 less in net dividends from GSK Plc (GSK) within my Robinhood and M1 Finance accounts, which was due to the company's variability in its dividend payments.

My net dividends received from Medical Properties Trust (MPW) increased by $6.09 in my Robinhood portfolio. This was the result of a 21 share purchase of the stock from last November.

I collected $0.44 in additional net dividends from Merck (MRK) within my Robinhood account, which was due to the 5.8% hike in the quarterly dividend per share announced in November.

My net dividends received from Eastman Chemical (EMN) were $0.21 higher in my Robinhood portfolio. This was the result of the 3.9% dividend increase in the quarterly dividend per share declared last December.

I collected an extra $4.62 in net dividends from PepsiCo (PEP) within my Robinhood and M1 Finance accounts, which was due to the timing of the dividend payment.

My net dividends received from Albemarle (ALB) were $0.39 higher in my Robinhood portfolio. This was the result of my purchase of another share of the stock in September.

I collected $4.41 less in net dividends from American Tower (AMT) within my Robinhood account, which was due to the timing of the dividend payment.

My net dividends received from Coca-Cola (KO) were $4.40 less in my Robinhood portfolio. This was the result of the dividend payment timing.

Concluding Thoughts:

I anticipate that I will continue to deploy between $3,000 to $3,500 each month in fresh capital (including dividends) to dividend stock purchases. That's why I believe that January and February will likely be my final two months of less than $250 in net dividends for any given month.

Discussion:

How was your dividend income last month?

Did you collect any first-time dividends in January 2023 as I did with SRC?

I appreciate your readership and welcome your comments below!