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Dividend Income

June Dividend Income and Net Worth Report – 2022

By Blake 3 Mins Read
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June’s dividend income exploded while net worth was squashed.  I am happy to report dividend growth investing has been holding up very well over the last six months!

June Dividend Income

This month I received $4,523.56 in dividend income!  On average, I was paid $43.50 from 104 different companies!  This month’s dividend income is an amazing 38.4% increase over June 2021.  That’s $1,255.03 more dividend income than last June.  I do need to point out the massive special dividend from LYB, which added an extra $125 to this month’s total.  That won’t likely repeat.

Dividend Income - June 2022

Date Company Ticker Dividend Income
6/1/2022 Visa Inc V 44.28
6/1/2022 AFLAC Incorporated AFL 26.00
6/1/2022 FirstEnergy Corp. FE 58.50
6/1/2022 Ford Motor Company F 37.73
6/1/2022 Enbridge Inc ENB 161.84
6/1/2022 J M Smucker Co SJM 24.75
6/1/2022 Phillips 66 PSX 54.32
6/1/2022 Global X NASDAQ 100 Covered Call ETF QYLD 50.33
6/1/2022 Conagra Brands Inc CAG 43.76
6/1/2022 WW Grainger Inc GWW 51.60
6/1/2022 Kroger Co KR 45.36
6/2/2022 United Parcel Service, Inc. UPS 56.24
6/2/2022 Cummins Inc. CMI 65.25
6/3/2022 Honeywell International Inc HON 26.46
6/6/2022 JPMorgan Equity Premium Income ETF JEPI 41.31
6/6/2022 Southern Co SO 80.24
6/7/2022 Johnson & Johnson JNJ 141.33
6/8/2022 Crane Holdings Co CR 2.35
6/8/2022 Amgen, Inc. AMGN 19.40
6/9/2022 Discover Financial Services DFS 67.97
6/9/2022 Microsoft Corporation MSFT 60.23
6/10/2022 Target Corporation TGT 60.30
6/10/2022 Exxon Mobil Corp XOM 186.93
6/10/2022 Chevron Corporation CVX 122.48
6/10/2022 Walgreens Boots Alliance Inc WBA 23.88
6/10/2022 Dow Inc DOW 44.55
6/10/2022 Otis Worldwide Corp OTIS 1.45
6/10/2022 Emerson Electric Co. EMR 14.42
6/10/2022 IBM Common Stock IBM 108.90
6/10/2022 Pfizer Inc. PFE 130.40
6/10/2022 Snap-on Incorporated SNA 11.36
6/12/2022 3M Co MMM 238.34
6/13/2022 LyondellBasell Industries NV LYB 159.75
6/13/2022 Genie GNE.A 0.64
6/15/2022 KeyCorp KEY 29.45
6/15/2022 Realty Income Corp O 93.98
6/15/2022 NextEra Energy Inc NEE 14.88
6/15/2022 Molson Coors Beverage Co Class B TAP 18.24
6/15/2022 Stag Industrial Inc STAG 14.60
6/15/2022 Main Street Capital Corporation MAIN 15.96
6/15/2022 Corteva Inc CTVA 0.98
6/15/2022 Valvoline Inc VVV 5.00
6/15/2022 DuPont de Nemours Inc DD 2.31
6/15/2022 Hershey Co HSY 19.82
6/15/2022 Kellogg Company K 33.06
6/15/2022 Old Republic International Corporation ORI 38.64
6/16/2022 Unilever plc UL 40.08
6/16/2022 Prudential Financial Inc PRU 83.50
6/16/2022 Raytheon Technologies Corp RTX 23.65
6/16/2022 Home Depot Inc HD 253.30
6/17/2022 Walmart Inc WMT 6.50
6/21/2022 Dominion Energy Inc D 50.06
6/20/2022 McDonald's Corp MCD 48.32
6/21/2022 Stanley Black & Decker, Inc. SWK 20.79
6/23/2022 QUALCOMM, Inc. QCOM 40.50
6/24/2022 Lockheed Martin Corporation LMT 92.80
6/24/2022 BP plc BP 17.03
6/27/2022 Nationwide Nasdaq-100 Risk-Managed Income ETF NUSI 9.89
6/29/2022 T Rowe Price Group Inc TROW 39.60
6/30/2022 Farmers National Banc Corp FMNB 24.00
6/30/2022 Canadian National Railway CNI 3.41
6/30/2022 Public Storage PSA 35.08
6/30/2022 Marriott International Inc MAR 3.00
6/30/2022 Simon Property Group Inc SPG 61.20
6/30/2022 Travelers Companies Inc TRV 31.62
6/30/2022 American International Group Inc AIG 8.00
6/30/2022 Crown Castle International Corp CCI 23.52
6/30/2022 Broadcom Inc AVGO 124.63
6/30/2022 Mercury General Corporation MCY 19.05
6/30/2022 PepsiCo, Inc. PEP 55.20
6/30/2022 Universal Health Realty Income Trust UHT 7.10
6/16/2022 Viatris Inc VTRS 38.45
6/27/2022 Schwab US Dividend Equity ETF SCHD 296.38
6/1/2022 Wells Fargo & Co WFC 15.87
6/15/2022 Northrop Grumman Corporation NOC 17.67
6/27/2022 Schwab International Dividend Equity ETF SCHY 20.23
6/30/2022 Digital Realty Trust, Inc. DLR 45.09
6/8/2022 Tractor Supply Co TSCO 14.60
6/10/2022 Rockwell Automation ROK 11.41
6/16/2022 Duke Energy Corp DUK 45.05
6/17/2022 Waste Management, Inc. WM 9.95
6/20/2022 Manulife Financial Corporation MFC 25.50
6/20/2022 Kontoor Brands Inc KTB 1.53
6/21/2022 VF Corp VFC 11.49
6/24/2022 Suncor Energy Inc. SU 7.26
6/30/2022 Union Pacific Corporation UNP 48.74
6/30/2022 Invesco Preferred ETF PGX 3.10
6/1/2022 Intel Corporation INTC 36.50
6/2/2022 Anheuser-Busch Inbev SA BUD 7.91
6/2/2022 Invesco Ltd. IVZ 9.38
6/3/2022 Sherwin-Williams Co SHW 12.00
6/8/2022 Archer-Daniels-Midland Co ADM 16.00
6/15/2022 International Paper Co IP 13.88
6/15/2022 Tyson Foods, Inc. TSN 15.64
6/16/2022 Organon & Co OGN 1.12
6/17/2022 Harley-Davidson Inc HOG 3.15
6/17/2022 Weyerhaeuser Co WY 4.14
6/23/2022 BlackRock Inc BLK 34.16
6/23/2022 Kinder Morgan Inc KMI 5.63
6/24/2022 Bank of America Corp BAC 14.70
6/24/2022 Kraft Heinz Co KHC 10.80
6/28/2022 UnitedHealth Group Inc UNH 21.45
6/29/2022 Gilead Sciences, Inc. GILD 25.55
6/30/2022 Becton Dickinson and Co BDX 7.83
∑ = 4,523.56

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 June 2021 and 2022 that helped fuel this month’s dividend income growth.

June’s dividend income covers all my expenses for the month.  If I earned this every month in dividend income, I would not need to work.

June Dividend Growth (Dividend Increases)

Below are the realized dividend increases I received this June.  Dividend growth is the most important metric (to me) and one of my favorite to report!

This June I received 18 dividend increases.  Seven of the  dividend increases were over 10%!

Dividend Increases - June 2022

Name Ticker New Div Old Div % Increase Shares Addl Income
Phillips 66 PSX 0.97 0.92 0.054 57 11.40
WW Grainger Inc GWW 1.72 1.62 0.062 20 8.00
Southern Co SO 0.68 0.66 0.030 115 9.20
Johnson & Johnson JNJ 1.13 1.06 0.066 129 36.12
Discover Financial Services DFS 0.60 0.50 0.200 113 45.20
Otis Worldwide Corp OTIS 0.29 0.24 0.208 5 1.00
IBM Common Stock IBM 1.65 1.64 0.006 66 2.64
LyondellBasell Industries NV LYB 1.19 1.13 0.053 25 6.00
Raytheon Technologies Corp RTX 0.55 0.51 0.078 37 5.92
QUALCOMM, Inc. QCOM 0.75 0.68 0.103 54 15.12
Travelers Companies Inc TRV 0.93 0.88 0.057 34 6.80
PepsiCo, Inc. PEP 1.15 1.08 0.070 43 12.90
Universal Health Realty Income Trust UHT 0.71 0.71 0.007 10 0.20
Northrop Grumman Corporation NOC 1.73 1.57 0.102 10 6.40
Union Pacific Corporation UNP 1.30 1.18 0.102 32 15.36
Invesco Ltd. IVZ 0.19 0.17 0.100 50 3.40
Kinder Morgan Inc KMI 0.28 0.27 0.037 10 0.40
UnitedHealth Group Inc UNH 1.65 1.45 0.138 13 10.40
∑ = 196.46

June’s dividend increase adds $196.46 in annual dividend income! On top of that, June’s dividend increases are the equivalent of investing an extra $5,613.14 of new money at 3.5% yield!  SWEET!

Net Worth

Net worth resumed its descent!

Let’s do the numbers…

Cash

I some how ended up with more cash this month.  I’ve been scraping up cash from everywhere I can to put into the market.

Real Estate

In June, our electricity bill increased to $240 for the month and our gas bill remained about the same at $36.  That totals to $276.  June was SUPER hot!!  July will be about the same.

Nothing new on the rental.  Rent came in on time, and no service calls.  The new 2 year lease we signed for a 15% increase starts this month.

Wrap-up

June’s dividend income was phenomenal!  I am very excited with the progress and encouraged to continue along this journey.  The dividend increases this month were also extremely remarkable.  I am on track to add almost $1,800 this year from dividend increases alone.

Net worth falling is unfortunate, but par for the course this year.

I’ll continue to invest as much as possible into dividend growth stocks, I hope you do too!

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Blake

I'm a dividend growth investor who is aiming to retire early in 4 years at the age of 45. My goal is to live off the income my dividend portfolio and rental property produce exclusively and leave the corporate rat race. I hope you will join me in this journey!

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8 Comments

  1. SD Growth

    Even discounting the LYB special payment that was still massive growth! Our monthly payouts are getting closer each month and makes sense as we are both targeting similar FI time periods (5yrs vs 4yrs).

    • Blake Post Author

      That’s great SD! I think this time period/phase of the journey has been the most difficult for me… being close, but not close enough. Just need to keep grinding!

  2. JC

    Congrats DP! Over $4,500 is just absolutely crushing it! And those dividend increases sure were nice for you boosting your forward dividends by nearly $200 while you did absolutely nothing.

    • Blake Post Author

      Thanks JC! Exactly, none of this works without the dividend growth. At the moment, my average portfolio dividend growth is just a little over 5%. I will happily take a compounding $2k a year dividend growth… every year!

  3. Ted

    Blake – what do you think about buying some UHC at these levels? I am very bullish on them long term (also a former employee) and love their dividend growth and business expansion.

    • Blake Post Author

      Hi Ted, you mean UHT? As a former employee, sounds like you may have much more actionable information than I do… what do you think? 😉

      • Ted

        Sorry, abbreviating. UNH (United Health Group / United HealthCare)

        • Blake Post Author

          Ah… yes. One of those, I wish I would have purchased more stocks. Super expensive at the moment, but it most often is! I’m with you, UNH looks great, but not for me at this particular valuation. They has been flying high this year!

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