August 2024 Dividend Income

As I’m writing this blog post, it is currently Friday, September 13^th. The high temperatures here in Central Wisconsin are set to reach the high 80 degrees Fahrenheit range this weekend. There is also quite a bit of sun in the forecast, so I’m looking to spend plenty of time outside while the weather is still pleasant.

Now that August is complete, I’ll be taking a moment to highlight my dividend income during the month.

Middle Month Net Dividend Income Is Approaching $400

In August 2024, I received $384.73 in net dividends (factoring in British American Tobacco’s ADR fees). That works out to a 5.2% quarterly growth rate versus the $365.82 in net dividends collected in May 2024.

My net dividends received in August were 25.8% more than the $305.77 in net dividends collected in August 2023.

I received $356.23 in net dividends from 27 companies within my Charles Schwab account. My purchase of another 21 shares of British American Tobacco (BTI) in May 2024 helped contribute to my higher net dividend income in this portfolio.

My net dividends collected in my Webull account amounted to $15.90 (net of ADR fees) from three companies. A distribution raise from Enterprise Products Partners (EPD) and a higher dividend from BTI boosted my portfolio’s net income.

I received $12.41 in net dividends from two companies in my Fidelity retirement portfolio. This was unchanged from May.

My net dividends collected from my M1 Finance account were $0.19 from seven companies. The recent implementation of its $3 monthly fee for accounts with less than $10,000 in assets prompted me to close my account. September will be my first month with M1 Finance not being a contributor to my dividend income since I opened the account in 2018.

Concluding Thoughts:

That’s all for now. Having not deployed tons of capital to companies paying dividends this month in recent months, I was pleased with my portfolio’s overall growth in net dividend income.

Discussion:

How was your net dividend income last month?

Did you receive any first-time dividends in August 2024?

Thanks for reading. I look forward to your comments below!