November 2023 Dividend Income

As I'm writing this blog post, it is currently December 11th. Surprisingly, the temperatures are still holding above the average for this time of year here in Central Wisconsin. It's currently 23 degrees Fahrenheit and it is expected to reach a high of 27 degrees Fahrenheit later today.

With that aside, I will detail my dividend income for November 2023. Let's dig in!

In November 2023, I collected $327.57 in net dividends. That equates to a 7.1% growth rate compared to the $305.77 in net dividends that I received from my portfolio in August 2023.

My net dividends were 43.3% greater than the $228.67 in net dividends that I collected in November 2022.

Diving deeper, I received $311.97 in net dividends from 30 companies within my Robinhood portfolio. My net dividends collected from my Webull account were $15.20 from three companies (also factoring in $0.06 of ADR fees for British American Tobacco). Lastly, I received $0.40 in net dividends from 16 companies within my M1 Finance portfolio.

The net dividends that I collected from August 2023 to November 2023 grew by $21.80, which was due to the following activity in my account:

I received an extra $0.40 from Starbucks (SBUX) within my Robinhood portfolio. That was the result of the 7.5% raise in its quarterly dividend per share to $0.57.

My net distributions collected from Energy Transfer (ET) in my Robinhood and Webull accounts grew by $0.22, which was due to the 0.8% increase in its quarterly distribution per unit to $0.3125.

I received an additional $0.15 in net dividends from Main Street Capital (MAIN) within my Robinhood portfolio. This was the result of a 2.2% raise in its monthly dividend per share to $0.235.

My net dividends collected from Realty Income (O) grew by $0.01 in my Robinhood account, which was due to the 0.2% increase in its monthly dividend per share to $0.256.

I received an extra $0.16 in net dividends from Tanger Inc. (SKT) within my Robinhood portfolio. This was the result of a 6.1% bump in its quarterly dividend per share to $0.26.

My net dividends received from AbbVie (ABBV) surged $4.44 higher in my Robinhood account, which was due to a 4.7% raise in its quarterly dividend per share to $1.55 and my addition of three shares in August.

I received an additional $0.24 in net dividends from A.O. Smith (AOS) within my Robinhood portfolio. That can be explained by the 6.7% raise in its quarterly dividend per share to $0.32.

My passive income collected from Magellan Midstream Partners (MMP) declined by $16.77 in my Robinhood account. However, this was mostly offset with an additional $16.24 in dividends from ONEOK (OKE) from a higher share count. That is how my net dividends declined by just $0.53 from this transaction.

I received $0.72 in extra dividends from Texas Instruments (TXN) within my Robinhood portfolio, which was the result of a 4.8% increase in its quarterly dividend per share to $1.30.

My net dividends collected from British American Tobacco (BTI) dipped by $0.55 in my Robinhood and Webull accounts. This was due to the variability of foreign currency translation.

I received an additional $2.20 in net dividends from Lowe's (LOW) within my Robinhood portfolio, which was thanks to a purchase of another two shares in August.

My net dividends collected from Verizon Communications (VZ) grew by $10.35 in my Robinhood account. This was due to the 1.9% raise in its quarterly dividend per share to $0.665, as well as my addition of 15 shares in July.

I received an extra $3.99 in net dividends from Bristol Myers Squibb (BMY) within my Robinhood portfolio, which was due to my purchase of seven more shares in July.

Concluding Thoughts:

Due to dividend increases and one additional dividend payer that will be in the mix for February 2024, this should be my final middle month of the quarter below $350 in net dividend income. Starting in February, I'm also aiming to begin allocating between $1,500 and $2,000 in capital each month.

Discussion:

How was your dividend income for November 2023?

Did you collect any first-time dividend payments?

Thanks for reading and please feel free to comment below!