May 2023 Dividend Income

As I'm writing this blog post, it's already June 3. With the temperature expected to reach a high of 90 degrees Fahrenheit today here in Central Wisconsin, now is an excellent time to get outside and soak up the sun!

Given that May 2023 is well behind us at this point, let's take a look at my dividend income for last month.

In May 2023, I collected $276.48 in net dividends. This equates to an 11.4% quarterly growth rate compared to the $248.08 in net dividends received from my portfolio in February 2023.

My net dividends collected in May 2023 soared by 50.4% year over year against the $183.89 in net dividends my accounts generated in May 2022.

Going into more detail, I received $260.91 in net dividends from 30 companies in my Robinhood portfolio. I also collected $15.19 in net dividends from three companies within my Webull account. Finally, I received $0.38 from 16 companies in my M1 Finance portfolio.

The net dividends that I collected from February 2023 to May 2023 grew by $28.40, which was due to the following activity in my accounts:

My net dividends received from Williams-Sonoma (WSM) were $1.20 higher within my Robinhood portfolio. This was the result of the 15.4% boost in its quarterly dividend per share announced in March.

I collected an extra $0.20 in net distributions from Energy Transfer (ET) in my Robinhood and Webull accounts, which was due to the 0.8% raise in the quarterly distribution per unit declared back in April.

My net dividends received from Tanger Factory Outlet Centers (SKT) grew by $0.28 within my Robinhood portfolio. This was the result of an 11.4% lift in the quarterly dividend per share announced in April.

I collected an additional $5.92 in net dividends from AbbVie (ABBV) in my Robinhood account, which was due to my purchase of four more shares in March.

My net dividends received from Kinder Morgan (KMI) were $0.26 higher within my Robinhood portfolio. This was the result of KMI's 1.8% raise in its quarterly dividend per share back in January.

I collected an extra $1.90 in net dividends from Realty Income (O) in my Robinhood account, which was due to my purchase of seven additional shares in April and dividend increases in February and March.

My net dividends received from General Dynamics (GD) were lifted by $0.24 within my Robinhood portfolio. This was the result of GD's 4.8% dividend increase in March.

I collected an additional $3.15 in net dividends from Lowe's (LOW) in my Robinhood account, which was due to my purchase of three shares of the stock in March.

My net dividends received from Mastercard (MA) grew by $0.57 within my Robinhood portfolio. This was the result of a purchase of one share in March.

I collected an extra $0.07 in net dividends from Medifast (MED) in my Robinhood account, which was due to the 0.6% increase in the quarterly dividend per share in March.

My net dividends received from British American Tobacco (BTI) were $1.48 higher within my Robinhood and Webull portfolios. This was the result of the variability of exchange rates between the British Pound and U.S. Dollar.

I collected an additional $0.39 in net dividends from Air Products & Chemicals (APD) in my Robinhood account, which was due to the 8% dividend hike declared back in January.

My net dividends received from Verizon (VZ) were $6.53 greater within my Robinhood portfolio. This was the result of my purchase of 10 shares of the stock in January.

I collected an extra $4.84 in net dividends from CVS Health (CVS) in my Robinhood account, which was due to my purchase of eight shares in February.

My net dividends received from JPMorgan Chase (JPM) were $6.02 higher within my Robinhood and M1 Finance portfolios. This was the result of the timing of its dividend payment.

I collected $0.03 more in net dividends from Fastenal (FAST) in my M1 Finance account, which was due to the timing of the dividend payment.

My net dividends received from American Tower (AMT) were $4.68 less within my Robinhood portfolio. This was the result of the timing of its dividend payment.

Concluding Thoughts:

I just barely surpassed the $275 net dividend milestone for the month of May 2023. It will be close: But based on my capital deployment, I anticipate that this could be my final middle-of-the-month quarter where my net dividends are below $300.

Discussion:

How was your dividend income in May 2023?

Did you collect any first-time dividend payments during the month?

Thanks for your readership and please know that your comments are welcomed below!