June 2023 Dividend Income

As I'm writing this blog post, it's Wednesday, July 5. But despite it being summer here in Central Wisconsin, the temperature is going to be ideal today, reaching a high of 76 degrees Fahrenheit. That's exactly why I plan out getting outside later!

But before I go outside, now would be a good time to look back on my dividend income for the month of June 2023. Let's get into it!

During June 2023, I collected $421.41 in net dividends. Compared to the $392.62 in net dividends that I received in March 2023, this represents a quarterly growth rate of 7.3%.

Stacked up against the $332.86 in net dividends that I collected in June 2022, this works out to a 26.6% year over year growth rate.

Digging deeper, I received $324.45 in net dividends from 48 companies within my Robinhood account. Secondly, I collected $80.80 in net dividends from my Capital Income Builder (CAIBX) mutual fund in my retirement portfolio. Thirdly, I received $15.63 in net dividends from six companies within my Webull account. Finally, I collected $0.53 in net dividends from 24 companies in my M1 Finance portfolio.

The $28.79 increase in net dividends received from March 2023 to June 2023 was the result of the following activity within my accounts:

My net dividends collected from Simon Property Group (SPG) were $0.45 higher in my Robinhood portfolio, which was due to the 2.8% dividend raise announced in May.

I received an additional $6.26 in net dividends from Crown Castle International (CCI) within my Robinhood account. This was the result of my purchase of another four shares of stock in May.

My net dividends collected from PepsiCo (PEP) edged upward by $0.47 in my Robinhood and M1 Finance portfolios, which was due to the 10% dividend boost declared in February.

I received an extra $1.50 in net dividends from Main Street Capital (MAIN) within my Robinhood account. This was the result of the big special dividend and the regular dividend increase announced in May.

My net dividends collected from UnitedHealth Group (UNH) rose by $2.34 in my Robinhood and Webull portfolios, which was due to my purchase of another share of the stock in March and the 13.9% dividend lift declared in June.

I received an additional $4.18 in net dividends from Home Depot (HD) within my Robinhood account. This was the result of my purchase of two more shares in May.

My net dividends collected from Realty Income (O) were $1.79 higher in my Robinhood portfolio, which was due to dividend raises in March and May and my purchase of seven shares in April.

I received an extra $0.28 in net dividends from Raytheon Technologies (RTX) within my Robinhood account. This was the result of the 7.3% dividend raise announced in April.

My net dividends collected from Tractor Supply (TSCO) increased by $2.06 in my Robinhood portfolio, which was due to my purchase of two more shares in March.

I received an extra $0.06 in net dividends from International Business Machines (IBM) within my Robinhood account. This was the result of a 0.6% bump in its quarterly dividend per share in April.

My net dividends collected from Pfizer (PFE) grew by $3.69 in my Robinhood portfolio, which was due to my purchase of nine shares in February.

I received an additional $0.30 in net dividends from Johnson & Johnson (JNJ) within my Robinhood account. This was the result of a 5.3% dividend increase in April.

My net dividends collected from Southern Company (SO) edged $0.11 higher in my Robinhood and M1 Finance portfolios, which was due to the 2.9% payout raise in April.

I received an extra $3.66 in net dividends from TJX Companies (TJX) within my Robinhood account. This was the result of my decision to start a position back in April.

My net dividends collected from American Water Works (AWK) were $0.21 more in my Robinhood portfolio, which was due to the 8% dividend hike in April.

I received an additional $0.90 in net dividends from Visa (V) within my Robinhood account. This was the result of my purchase of two more shares in April.

My net dividends collected from CAIBX were $0.56 higher in my retirement portfolio, which was due to my higher share count from dividend reinvestment.

I received $0.03 less in net dividends from Fastenal (FAST) within my M1 Finance account. This was the result of the timing of the dividend payment.

Concluding Thoughts:

With my net dividends clocking in firmly above $400 in June 2023, my days of sub-$400 months for the end of each quarter should be behind me. And as I continue to steadily deploy capital, I believe September 2023 will be my final end-of-quarter month below $500.

Discussion:

How was your dividend income for June 2023?

Did you collect any first-time dividends like I did with TJX?

Thanks for reading and please leave your comments below!