July 2023 Dividend Income

As I'm writing this blog post on Friday, August 4, the weather here in Central Wisconsin is looking great for this weekend. The high temperatures are expected to reach into the low- to mid-80 degrees Fahrenheit range, which is great for this time of year!

Given that the month of July is over, now would be a good time to take a look at my dividend income for the month. Let's dig in!

During July 2023, I received $258.02 in net dividends. This equates to a 15.8% quarterly growth rate compared to the $222.78 in net dividends collected in April 2023.

Stacked up against the $176.10 in net dividends received in July 2022, my net dividends climbed by 46.5% on a year-over-year basis.

Digging in deeper, I collected $247.95 in net dividends from 30 stocks within my Robinhood portfolio. I also received $9.90 in net dividends from four stocks in my Webull account. Finally, I collected $0.17 in net dividends from eight stocks within my M1 Finance portfolio.

My net dividends received were lifted higher by $35.24 from April 2023 to July 2023, which was the result of the following activity in my investments accounts:

I collected an extra $0.03 in net dividends from American Tower (AMT) within my Robinhood portfolio. This was due to the 0.6% increase to the quarterly dividend per share announced in May.

My net dividends received from JPMorgan Chase (JPM) were $6.02 higher in my Robinhood and M1 Finance accounts, which was the result of the timing of the dividend payment.

I collected an additional $4.06 in net dividends from Comcast (CMCSA) within my Robinhood portfolio. This was due to my May 2023 purchase of another 14 shares.

My net dividends received from U.S. Bancorp (USB) grew by $6.24 in my Robinhood account, which was the result of my June 2023 purchase of another 13 shares.

I collected an extra $0.15 in net dividends from Main Street Capital (MAIN) within my Robinhood portfolio. This was due to the 2.2% dividend increase back in May.

My net dividends received from Realty Income (O) were an additional $1.79 in my Robinhood account, which was the result of my April 2023 purchase of another seven shares.

I collected $0.08 more in net dividends from Medtronic (MDT) within my Robinhood portfolio. This was due to the 1.5% dividend raise declared in May.

My net dividends received from W.P. Carey (WPC) surged higher by $7.50 in my Robinhood account, which was the result of my June 2023 purchase of seven more shares and the 0.2% dividend raise announced in June.

I collected an additional $0.30 in net dividends from Leggett & Platt (LEG) within my Robinhood portfolio. This was due to the 4.5% dividend increase declared in May.

My net dividends received from GSK plc (GSK) grew by $0.23 in my Robinhood account, which was the result of the variability of the dividend payment.

I collected an extra $6.35 in net dividends from Philip Morris International (PM) within my Robinhood portfolio. This was due to my April 2023 purchase of five more shares.

My net dividends received from FedEx (FDX) rose by $0.44 in my Robinhood account, which was the result of the 9.6% dividend hike announced in April.

I collected an additional $0.80 in net dividends from Albemarle (ALB) within my Robinhood portfolio. This was due to my May 2023 purchase of two more shares.

My net dividends received from Automatic Data Processing (ADP) grew by $1.25 in my Robinhood account, which was the result of my March 2023 purchase of one more share.

Concluding Thoughts:

Having surpassed $250 in net dividends in July 2023, April 2023 should go down as my final month of sub-$250 dividend income. As I continue to allocate between $3,000 and $3,500 in capital each month to world-class dividend stock purchases, July or August 2023 could be my last month under $300 in net dividend income.

Discussion:

How was your dividend income in July 2023?

Did you receive any dividends for the first time last month?

Thanks for your readership and feel free to comment below!