January was a rough month for the stock market. However, it was nice to be able to pickup some dividend stocks at some better values! On the other side – dividend income… January dividends and dividend growth were pretty spectacular!
January Dividend Income
This month I received $1,444.27 in dividend income! On average, I was paid $30.74 from 47 different companies! This month’s dividend income is a fantastic 28.2% increase over January 2021.
That’s $317.66 more dividend income than last January! That is a heck of an increase. However, JPM dividend didn’t post until February last year, so that skewed the data a bit.
Dividend Income - January 2022
|3/1/2022||Synovus Financial Corp.||SNV||39.60|
|4/1/2022||JPMorgan Equity Premium Income ETF||JEPI||9.17|
|4/1/2022||Genuine Parts Company||GPC||98.62|
|4/1/2022||Kimberly Clark Corp||KMB||86.64|
|6/1/2022||Iron Mountain Inc||IRM||136.52|
|7/1/2022||Eastman Chemical Company||EMN||26.60|
|7/1/2022||Global X NASDAQ 100 Covered Call ETF||QYLD||54.93|
|10/1/2022||Philip Morris International Inc.||PM||83.73|
|13/01/22||State Street Corp||STT||19.95|
|13/01/22||Taiwan Semiconductor Mfg. Co. Ltd.||TSM||13.22|
|14/01/22||Realty Income Corp||O||86.91|
|14/01/22||WP Carey Inc||WPC||36.92|
|14/01/22||MONDELEZ INTERNATIONAL INC Common Stock||MDLZ||17.50|
|14/01/22||Main Street Capital Corporation||MAIN||11.83|
|14/01/22||Algonquin Power & Utilities Corp||AQN||17.06|
|14/01/22||Spirit Realty Capital Inc||SRC||26.15|
|14/01/22||Johnson Controls International PLC||JCI||27.20|
|14/01/22||Franklin Resources, Inc.||BEN||20.59|
|18/01/22||Cardinal Health Inc||CAH||19.63|
|18/01/22||American Finance Trust Inc Preferred Shares Series A||AFINP||4.69|
|18/01/22||Store Capital Corp||STOR||39.66|
|18/01/22||Stag Industrial Inc||STAG||14.50|
|26/01/22||Cisco Systems Inc||CSCO||64.38|
|27/01/22||Bank of Nova Scotia||BNS||3.94|
|28/01/22||Nationwide Nasdaq-100 Risk-Managed Income ETF||NUSI||12.65|
|31/01/22||Consolidated Water Co. Ltd.||CWCO||4.25|
|31/01/22||JPMorgan Chase & Co||JPM||53.00|
|3/1/2022||Regions Financial Corp||RF||8.50|
|7/1/2022||Merck & Co., Inc.||MRK||37.95|
|14/01/22||Digital Realty Trust, Inc.||DLR||23.98|
|14/01/22||Fulton Financial Corp||FULT||3.50|
|14/01/22||Illinois Tool Works Inc.||ITW||39.45|
|14/01/22||Starwood Property Trust, Inc.||STWD||9.60|
|25/01/22||General Electric Company||GE||1.12|
|31/01/22||Invesco Preferred ETF||PGX||2.93|
|∑ = 1,444.72|
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 January 2021 and 2022 that has fuled this month’s dividend income growth.
January’s dividend income covers my utilities, groceries, internet and mobile phones for the month!
January Dividend Growth (Dividend Increases)
Here are the realized dividend increases I received this January. Dividend growth is a one of my favorite metrics to report and a very important part of my early retirement plan!
This January I received 10 dividend increases and 3 of those dividend increases were over 10%!
Dividend Increases - January 2022
Name Ticker New Div Old Div % Increase Shares Addl Income Iron Mountain Inc IRM 0.62 0.60 0.029 208 14.73 Eastman Chemical Company EMN 0.76 0.69 0.101 35 9.80 Realty Income Corp O 0.25 0.24 0.016 306 13.95 WP Carey Inc WPC 1.06 0.99 0.063 30 7.52 Main Street Capital Corporation MAIN 0.22 0.21 0.024 55 3.30 Johnson Controls International PLC JCI 0.34 0.27 0.259 80 22.40 Franklin Resources, Inc. BEN 0.29 0.28 0.036 66 2.64 Stag Industrial Inc STAG 0.12 0.12 0.007 120 1.30 Ventas, Inc. VTR 0.45 0.36 0.267 30 11.39 Bank Ozk OZK 0.30 0.29 0.034 67 2.68 ∑ = 89.71
January’s dividend increase adds $89.71 in annual dividend income! January’s dividend increases are the equivalent of investing an extra $2,563.14 of new money at 3.5% yield! This is a very nice sum of FREE investment money!
Net worth had a small drop last month.
Let’s do the numbers…
While it doesn’t look good, this is actually the plan. I’m reducing my cash in an effort to more fully invest. Also, we’ve had some semi annual expenses (insurance) come due, so that helped shrink the kitty as well.
We did nothing to our house this month… except spent more time in it.
For January, our electricity bill shot up to $215 for the month and our gas bill went to $68! That totals to $283. January has been cold in GA and we have gotten a little lazy about bundling up in the house.
To top it all off, we received our rent check on time and had zero service calls!
January’s dividend income will never be as substantial as December’s, however, it is important to remember that January is a normal month! It requires a bit of mental aerobics to keep expectations in check for 8 out of 12 months – which is the range of dividend income totals we will receive. Then we can view December more like an unexpected, “expected” x3 bonus!
Dividend growth is starting off really strong…like double last January kinda strong! I have been investing more heavily in higher growth stocks recently and that should be reflected in dividend growth soon.
I’ll keep putting money to work in the best dividend values I can find… I hope you do as well!