As I'm writing this blog post, it is already Wednesday, November 8th. Surprisingly, the weather is going to be beautiful for this time of year here in Central Wisconsin. After Friday, we'll be in a major warming trend. High temperatures will rise from the low-40 degrees Fahrenheit range to 60 degrees on Tuesday!
On that note, the time of the month means that the previous month is well behind us. Without further ado, I will dig into my dividend income for October 2023.
In October 2023, I collected $282.51 in net dividends. That works out to a 9.5% quarterly growth rate over the $258.02 in net dividends received in July 2023.
Compared to the $204.57 in net dividends that I collected in October 2022, this equates to a 38.1% year-over-year growth rate.
Examining these results further, I received $272.08 in net dividends from 29 companies in my Robinhood account. I also collected $10.24 in net dividends from four companies within my Webull portfolio. Finally, I received $0.19 in net dividends from eight companies in my M1 Finance account.
My net dividends collected soared by $24.49 from July 2023 to October 2023, which was due to the following activity throughout my portfolio:
My net dividends received from JPMorgan Chase (JPM) were $0.30 higher within my Robinhood account. That was the result of its 5% raise announced in June.
I collected an extra $5.01 in net dividends from American Tower (AMT) in my Robinhood portfolio, which was due to the most recent dividend increase and my additional purchase in June.
My net dividends received from W.P. Carey (WPC) grew by $0.02 within my Robinhood account. This was the result of a 0.2% bump in its dividend.
I collected an additional $0.01 from Realty Income (O) in my Robinhood portfolio, which was due to the most recent 0.2% dividend increase in September.
My net dividends received from Spirit Realty Capital (SRC) grew by $0.13 within my Robinhood account. That was the result of a 1% raise in its dividend declared back in August.
I collected an extra $3.45 in net dividends from Medtronic (MDT) in my Robinhood portfolio, which was due to my additional purchase in June.
My net dividends received from Main Street Capital (MAIN) grew by $0.15 within my Robinhood account. That was the result of a 2.2% raise in its dividend in August.
I collected an additional $7.82 in net dividends from Leggett & Platt (LEG) in my Robinhood portfolio, which was due to my add in August.
My net dividends received from Medical Properties Trust (MPW) declined by $8.96 within my Robinhood account. That was the result of the 48.3% slash to the dividend in August.
I also collected $0.21 less from GSK (GSK) in my Robinhood portfolio, which is due to the variability of the dividend payment.
My net dividends received from Philip Morris International (PM) grew by $0.63 within my Robinhood and Webull accounts. This was the result of a 2.4% raise in September.
My net dividends received from VICI Properties (VICI) surged higher by $7.05 within my Robinhood account. That was the result of the 6.4% raise in September and my tranche purchased in August.
I collected an extra $5.61 in net dividends from Iron Mountain (IRM) in my Robinhood and Webull portfolios. This was due to the 5.1% raise in the dividend and my purchase of more shares in August.
My net dividends received from Automatic Data Processing (ADP) grew by $2.50 within my Robinhood account, which was the result of my addition in July.
Finally, I collected an extra $0.01 from Illinois Tool Works (ITW) in my M1 Finance portfolio. This was due to the 6.9% raise announced in August.
Concluding Thoughts:
For the sake of building my emergency fund up to around nine months of expenses, I'm not expecting to begin deploying at least $1,500 in monthly capital until at least January. Thus, January 2024 net dividend income will likely clock in just below $300. But that should be my final month with net dividend income under the $300 mark.
Discussion:
How was your dividend income in October 2023?
Did you get paid any first-time dividends during the month?
As always, I appreciate your readership and welcome your comments below!
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