February 2023 Dividend Income

As I'm writing this blog post (on Saturday, March 11), it is currently 31 degrees Fahrenheit here in Central Wisconsin. With that weather report aside, I will discuss my dividend income for last month. Let's dive into it!

Analysis:

During February 2023, I received $248.08 in net dividends. This works out to an 8.5% quarterly growth rate over the $228.67 in net dividends that I collected from my portfolio in November 2022.

My net dividends rocketed 58.7% higher year over year compared to the $156.30 in net dividends that I received in February 2022.

Breaking it down by account, I collected $233.23 in net dividends from 30 companies within my Robinhood account. I received $14.52 in net dividends from three companies in my Webull portfolio. Finally, I collected $0.33 in net dividends from 14 companies within my M1 Finance account.

The net dividends that I received from November 2022 to February 2023 surged higher by $19.41, which was the result of the following activity in my portfolios:

I collected an extra $3.44 in net distributions from Energy Transfer (ET) within my Robinhood and Webull accounts. This was due to the 15.1% hike in the quarterly distribution per unit back in January.

My net dividends received from Main Street Capital (MAIN) were $1.47 higher in my Robinhood portfolio, which was the result of a 2.3% increase in the monthly dividend per share last November and my purchase of another six shares in January.

I collected an additional $0.32 in net dividends from Alliant Energy (LNT) within my Robinhood account. This was due to the 5.8% payout boost announced in January.

My net dividends received from STAG Industrial (STAG) were $0.01 higher in my Robinhood portfolio, which was the result of a 0.7% raise in the monthly dividend declared in January.

I collected an extra $0.24 in net dividends from Abbott Laboratories (ABT) within my Robinhood account. That was due to the 8.5% hike in the quarterly dividend per share announced last December.

My net dividends received from AbbVie (ABBV) were $0.49 greater in my Robinhood portfolio, which was the result of a 5% bump in the quarterly dividend per share declared last October.

I collected an additional $1.00 in net dividends from Realty Income (O) within my Robinhood account. This was due to my purchase of four more shares last November and the 0.2% dividend increase announced last December.

My net distributions received from Enterprise Products Partners (EPD) were $0.53 higher in my Robinhood portfolio, which was the result of the increase in the quarterly distribution per unit in January.

I collected an extra $0.34 in net dividends from ONEOK (OKE) within my Robinhood account. That was due to a 2.1% increase in the dividend per share back in January.

My net dividends received from Mastercard (MA) were $0.24 greater in my Robinhood portfolio, which was the result of a 16.3% dividend raise announced last December.

I collected an additional $4.92 in net dividends from Medifast (MED) within my Robinhood account. That was due to my purchase of three more shares last October.

My net dividends received from British American Tobacco (BTI) were $0.91 higher in my Robinhood portfolio, which was the result of its variable dividend payments.

I collected an extra $4.68 in net dividends from American Tower (AMT) within my Robinhood account. This was due to the timing of the dividend payment.

My net dividends received from CVS Health were $0.39 greater in my Robinhood portfolio, which was the result of the 10% dividend boost announced last December.

I collected an additional $0.45 in net dividends from Bristol-Myers Squibb (BMY) within my Robinhood account. This was due to the 5.6% dividend increase declared last December.

My net dividends received from my M1 Finance portfolio were $0.02 lower, which was the result of an extra $0.01 from Hormel Foods (HRL) from its recent dividend raise and $0.03 less from Fastenal (FAST) stemming from the timing of its dividend payment.

Concluding Thoughts:

I fell just short of surpassing $250 in net dividends in February 2023. But this should be the final middle-of-the-month quarter that my net dividend income is below that threshold. I'm looking forward to the opportunity to deploy more capital and push my net dividends higher in the months and years ahead.

Discussion:

How was your dividend income for last month?

Did you receive any first-time dividend payments?

Thanks for reading. Please feel free to comment below!