As I'm writing this blog post on Saturday, September 2, you wouldn't know that fall is less than three weeks away. The high temperature here in Central Wisconsin is expected to reach 100 degrees Fahrenheit today!
Anyways, with August now in the books, now would be a good time to look at my dividend income for the month. Let's dive into it!
In August 2023, I received $305.77 in net dividends. That works out to a 10.6% growth rate over the $276.48 in net dividends that I collected from my portfolio in May 2023.
My net dividends received in August 2023 were 46.3% greater than the $209.05 in net dividends collected in August 2022.
Digging deeper, I received $289.95 in net dividends from 31 companies within my Robinhood account. I collected $15.42 in net dividends from three companies in my Webull portfolio during the month (inclusive of the $0.06 in ADR fees for British American Tobacco). Finally, I received $0.40 in net dividends from 16 companies within my M1 Finance account in August 2023.
The net dividends that I collected from May 2023 to August 2023 surged higher by $29.29, which was the result of the following activity within my portfolio:
My net dividends received from United Parcel Service (UPS) were $8.13 more in my Robinhood and M1 Finance accounts, which was due to the timing of the dividend payment.
I collected an extra $3.66 in net dividends from TJX Companies (TJX) within my Robinhood portfolio. This was also the result of the timing of the dividend payment.
My net dividends received from Clorox (CLX) were $0.04 higher in my Robinhood account, which was due to the 1.7% increase in the quarterly dividend per share announced in July.
I collected $0.28 in additional net dividends from British American Tobacco (BTI) within my Robinhood and Webull portfolios. This was the result of the variability of its dividend payments.
My net distributions received from Energy Transfer (ET) grew by $0.22 in my Robinhood and Webull accounts, which was due to the distribution bump declared in July.
I collected an extra $0.15 in net dividends from Main Street Capital (MAIN) within my Robinhood portfolio. This was the result of the 2.2% increase in the monthly dividend per share announced in May.
My net dividends received from Realty Income (O) grew by $0.01 in my Robinhood account, which was due to the 0.2% increase in its monthly dividend declared in June.
I collected an additional $0.27 in net dividends from NNN REIT (NNN) within my Robinhood portfolio. This was the result of the 2.7% lift in the quarterly dividend per share announced in July.
My net dividends received from Texas Instruments (TXN) rose by $7.44 in my Robinhood account, which was due to my dividend stock purchases in May and July.
I collected an extra $8.36 in net distributions from Enterprise Products Partners (EPD) within my Robinhood and Webull portfolios. This was the result of the 2% distribution per unit increase declared in July and my purchase of 16 more units in June.
My net dividends received from Air Products & Chemicals (APD) were $3.50 higher in my Robinhood account, which was due to my purchase of two more shares in April.
I collected an additional $2.64 in net dividends from General Dynamics (GD) within my Robinhood portfolio. This was the result of my purchase of two more shares in June.
My net dividends received from Lowe's (LOW) were $0.41 more in my Robinhood and M1 Finance accounts, which was due to the 4.8% raise declared in May.
I collected an extra $0.20 in net dividends from General Mills (GIS) within my Robinhood portfolio. This was the result of the 9.3% dividend hike announced in June.
My net dividends received from JPMorgan Chase (JPM) were $6.02 less in my Robinhood and M1 Finance accounts, which was due to the timing of the dividend payment.
Concluding Thoughts:
My net dividends surpassed the $300 milestone during the month of August. And given trends of my capital deployment, I anticipate that this will be my last middle-of-the-month quarter under $325 in net dividends.
Discussion:
How was your dividend income for August 2023?
Did you receive any first-time dividend payments in the month?
I appreciate your readership and welcome your comments below!
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