Another amazing month for the stock market and it’s lovely inflating of my net worth. Dividend income is growing but dividend raises are a little light as compared to the last 2 years.
February Dividend Income
This month I received $1,707.00 in dividend income! On average, I was paid $37.93 from 45 different companies! This month’s dividend income is a respectable 13.8% increase over February 2020.
That’s $207.31 more dividend income than last February! I’ll take it!
Dividend Income - February 2021
|1/2/21||JPMorgan Chase & Co.||JPM||45.90|
|1/2/21||Consolidated Water Co. Ltd.||CWCO||4.25|
|1/2/21||CVS Health Corp||CVS||97.26|
|1/2/21||The GEO Group Inc||GEO||20.00|
|01/02/21||General Mills, Inc.||GIS||135.14|
|03/02/21||Lowe`s Companies Inc||LOW||87.60|
|5/2/21||General Dynamics Corporation||GD||26.40|
|05/02/21||PNC Financial Services Group Inc||PNC||4.60|
|08/02/21||British American Tobacco PLC||BTI||82.55|
|08/02/21||Texas Instruments Incorporated||TXN||49.98|
|10/02/21||Carrier Global Corp||CARR||1.32|
|10/02/21||American Express Company||AXP||23.85|
|12/02/21||Bank of New York Mellon Corp||BK||25.73|
|12/02/21||Main Street Capital Corporation||MAIN||11.28|
|16/02/21||Realty Income Corp||O||80.58|
|16/02/21||Stag Industrial Inc||STAG||14.50|
|16/02/21||Genie Energy Ltd||GEN.A||7.97|
|16/02/21||Hormel Foods Corp||HRL||30.63|
|16/02/21||Procter & Gamble Co||PG||54.43|
|16/02/21||A. O. Smith Corp||AOS||8.58|
|19/02/21||Costco Wholesale Corporation||COST||27.30|
|23/02/21||Constellation Brands, Inc. Class A||STZ||12.00|
|24/02/21||Royal Bank of Canada||RY||29.29|
|16/02/21||National Retail Properties, Inc.||NNN||76.44|
|26/02/21||Charles Schwab Corporation Common Stock||SCHW||28.87|
|26/02/21||Invesco Preferred ETF||PGX||3.03|
|16/02/21||Omega Healthcare Investors Inc||OHI||108.06|
|5/2/2021||Vodafone Group Plc||VOD||13.65|
|8/2/2021||Deere & Company||DE||6.84|
|16/02/21||Kinder Morgan Inc||KMI||2.63|
|26/02/21||Bank of Montreal||BMO||4.18|
|∑ = 1,707.00|
Here is a chart of my passive dividend income progress over the last 5 years.
The dividend portfolio has been updated.
Here are the dividend stock purchases I’ve made between February 2020 and 2021 that have added to this dividend income growth.
February’s dividend income covers all my utilities, food and insurance for the month!
February Dividend Growth (Dividend Increases)
Here are the realized dividend increases I earned this February. Dividend growth is one of my favorite metrics to report. This month we are continuing to see a return to normal with some decent growth!
This February I received 8 dividend increases! Four of the dividend increases were over 10%!
Dividend Increases - February 2021
Name Ticker New Div Old Div % Increase Shares Addl Income British American Tobacco PLC BTI 0.71 0.68 0.044 114 13.68 Mastercard Inc MA 0.44 0.40 0.100 12 1.92 Carrier Global Corp CARR 0.12 0.08 0.500 11 1.76 Stag Industrial Inc STAG 0.12 0.12 0.007 120 0.38 Hormel Foods Corp HRL 0.25 0.23 0.054 90 4.50 Omega Healthcare Investors Inc OHI 0.67 0.65 0.025 83 5.41 Deere & Company DE 0.90 0.76 0.184 9 5.04 AbbVie Inc ABBV 1.30 1.18 0.102 32 15.36 ∑ = 48.05
February’s dividend increase adds a good $48.05 in annual dividend income. These 8 dividend increases are the equivalent of investing an extra $1,372.86 of new money at 3.5% yield! Again, that isn’t bad!
February Dividend Cuts (Dividend Decreases)
Below are the realized dividend decreases I had this February… all cuts suck – there’s no downplaying it!
Dividend Cuts - February 2021
Name Ticker New Div Old Div Div Decrease Shares Lost Income The GEO Group Inc GEO 0.25 0.48 -0.23 82 -18.86 ∑ = -18.86
This month I received 1 dividend decrease! This sums up to $18.86 of lost dividend income this period! That’s the equivalent of loosing $538.86 instead of investing it at a 3.5% yield.
The total net dividend INCREASE for February was ($29.19 [increase – decrease]). Next month, March, is the big month for increases!
The market lit a fire under net worth this month!
Let’s do the numbers…
As you can see, this was a big spending month for us! We went a little crazy on home goods and bought a new mattress and bed. Nothing crazy extravagant, but we searched around a lot and found the best value/style/quality was from Costco (the bed is fantastic – definitely worth the money). We also bought a very expensive gift for our (not so) little one this month too. It’s a fancy tablet for school, drawing and fun! We also purchased that from Costco. Apparently, we gave Costco an extra $2,500 bucks this month and they gave use 3 things – decent trade.
Nothing new going on here. With winter coming to an end, our electricity bills should start to decline. In February our electricity bill (for most of the month) was $143 and our gas bill was $86. A total of almost $230 to power our home this month… ugh. I’m surprised at how high our home costs were this month.
Our rental is doing great and still receiving rent checks on time!
February’s dividend income was great. And most importantly, I’m in a great position to continue to grow my dividend income as my expenses have come down and my dividend income continues to rise. I would say our dividend snowball is probably close to the size of VW bug now. The goal is to grow the snowball to a large elephant – then stop working, and eat that elephant forever. Metaphorically of course.
Net worth is blowing up (but it really doesn’t matter). I’m up a little over 220k from March last year… which is crazy and a little unbelievable. I will continue to save as much as possible and putting as much money to work as I can. I hope you do too!