March is one of those golden months! Dividend income and dividend growth both hit new highs. Net worth even halted it’s fall.
March Dividend Income
This month I received $4,344.05 in dividend income! On average, I was paid $42.59 from 102 different companies! This month’s dividend income is a fantastic 29.84% increase over March 2021.
That’s $996.02 more dividend income than last March, which is the biggest increase (in dollars) I have ever had.
Dividend Income - March 2022
|1/3/2022||Ford Motor Company||F||37.58|
|1/3/2022||J M Smucker Co||SJM||24.75|
|1/3/2022||W W Grainger Inc||GWW||48.60|
|2/3/2022||Southern Copper Corp||SCCO||20.00|
|29/03/22||Global X NASDAQ 100 Covered Call ETF||QYLD||58.47|
|2/3/2022||Conagra Brands Inc||CAG||43.76|
|3/3/2022||Discover Financial Services||DFS||56.62|
|4/3/2022||JPMorgan Equity Premium Income ETF||JEPI||20.80|
|8/3/2022||Johnson & Johnson||JNJ||132.36|
|10/3/2022||United Parcel Service, Inc.||UPS||56.24|
|10/3/2022||Exxon Mobil Corp||XOM||186.32|
|10/3/2022||Otis Worldwide Corp||OTIS||1.20|
|10/3/2022||Emerson Electric Co.||EMR||14.42|
|10/3/2022||IBM Common Stock||IBM||108.24|
|11/3/2022||Honeywell International Inc||HON||26.46|
|11/3/2022||Prudential Financial Inc||PRU||83.35|
|11/3/2022||Walgreens Boots Alliance Inc||WBA||23.88|
|14/03/22||LyondellBasell Industries NV||LYB||28.25|
|15/03/22||Realty Income Corp||O||89.80|
|15/03/22||NextEra Energy Inc||NEE||13.61|
|15/03/22||Stag Industrial Inc||STAG||14.60|
|15/03/22||Main Street Capital Corporation||MAIN||15.96|
|15/03/22||DuPont de Nemours Inc||DD||2.31|
|15/03/22||Old Republic International Corporation||ORI||38.41|
|18/03/22||Molson Coors Beverage Co Class B||TAP||18.24|
|21/03/22||Dominion Energy Inc||D||50.06|
|22/03/22||Stanley Black & Decker, Inc.||SWK||18.39|
|24/03/22||Raytheon Technologies Corp||RTX||21.93|
|24/03/22||Home Depot Inc||HD||251.35|
|25/03/22||Lockheed Martin Corporation||LMT||92.73|
|25/03/22||Nationwide Nasdaq-100 Risk-Managed Income ETF||NUSI||12.16|
|28/03/22||Roche Holdings AG Basel ADR Common Stock||RHHBY||81.45|
|30/03/22||T Rowe Price Group Inc||TROW||31.20|
|30/03/22||Mercury General Corporation||MCY||19.05|
|31/03/22||Farmers National Banc Corp||FMNB||24.00|
|31/03/22||Canadian National Railway||CNI||3.52|
|31/03/22||Simon Property Group Inc||SPG||59.40|
|31/03/22||American International Group Inc||AIG||8.00|
|31/03/22||Crown Castle International Corp||CCI||23.52|
|31/03/22||Universal Health Realty Income Trust||UHT||7.05|
|31/03/22||Travelers Companies Inc||TRV||29.92|
|8/3/2022||Tractor Supply Company||TSCO||14.54|
|16/03/22||Duke Energy Corp||DUK||44.64|
|18/03/22||Kontoor Brands Inc||KTB||1.52|
|25/03/22||Suncor Energy Inc.||SU||6.72|
|28/03/22||Schwab US Dividend Equity ETF||SCHD||216.57|
|28/03/22||BHP Group Ltd||BHP||120.26|
|31/03/22||Union Pacific Corporation||UNP||44.15|
|31/03/22||Waste Management, Inc.||WM||9.91|
|31/03/22||Digital Realty Trust, Inc.||DLR||35.11|
|31/03/22||Invesco Preferred ETF||PGX||2.96|
|1/3/2022||Wells Fargo & Co||WFC||15.85|
|3/16/2022||Northrop Grumman Corporation||NOC||15.98|
|15/03/22||International Paper Co||IP||13.88|
|15/03/22||Tyson Foods, Inc.||TSN||15.64|
|17/03/22||Organon & Co||OGN||1.12|
|22/03/22||UnitedHealth Group Inc||UNH||18.85|
|24/03/22||Kimco Realty Corp||KIM||5.35|
|25/03/22||Kraft Heinz Co||KHC||10.80|
|30/03/22||Gilead Sciences, Inc.||GILD||25.55|
|31/03/22||Becton Dickinson and Co||BDX||7.83|
|∑ = 4,344.05|
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 March 2021 and 2022 that helped fuel this month’s dividend income growth.
March’s dividend income covers all my expenses! If I earned this every month, I wouldn’t need to work.
March Dividend Growth (Dividend Increases)
Below are the realized dividend increases I received this March. Dividend growth is an incredibly important metric and one of my favorite to report! Especially on months like this one!!!
This March I received 30 dividend increases and 16 of those dividend increases were over 10%!!
Dividend Increases - March 2022
Name Ticker New Div Old Div % Increase Shares Addl Income AFLAC Incorporated AFL 0.40 0.33 0.212 75 21.00 Fastenal Company FAST 0.31 0.28 0.107 141 16.92 Pfizer Inc. PFE 0.40 0.39 0.026 304 12.16 Amgen, Inc. AMGN 1.94 1.76 0.102 10 7.20 Crane Co. CR 0.47 0.43 0.093 11 1.76 United Parcel Service, Inc. UPS 1.52 1.02 0.490 37 74.00 Chevron Corporation CVX 1.42 1.34 0.060 83 26.56 Prudential Financial Inc PRU 1.20 1.15 0.043 68 13.60 3M Co MMM 1.49 1.48 0.007 151 6.04 NextEra Energy Inc NEE 0.43 0.39 0.104 32 5.12 DuPont de Nemours Inc DD 0.33 0.30 0.100 27 3.24 Old Republic International Corporation ORI 0.23 0.22 0.045 158 6.32 Molson Coors Beverage Co Class B TAP 0.38 0.34 0.118 48 7.68 Dominion Energy Inc D 0.67 0.63 0.060 75 11.25 QUALCOMM, Inc. QCOM 0.75 0.68 0.103 54 15.12 Home Depot Inc HD 1.90 1.65 0.152 129 129.00 T Rowe Price Group Inc TROW 1.20 1.08 0.111 24 11.52 Farmers National Banc Corp FMNB 0.16 0.14 0.143 150 12.00 Canadian National Railway CNI 0.57 0.48 0.184 6 2.14 Tractor Supply Company TSCO 0.92 0.52 0.769 15 24.00 Waste Management, Inc. WM 0.65 0.58 0.130 25 7.50 Digital Realty Trust, Inc. DLR 1.22 1.16 0.052 28 6.72 Wells Fargo & Co WFC 0.25 0.20 0.250 60 12.00 Archer-Daniels-Midland Co ADM 0.40 0.37 0.081 30 3.60 Intel Corporation INTC 0.37 0.35 0.050 100 7.00 Sherwin-Williams Co SHW 0.60 0.55 0.091 20 4.00 Harley-Davidson Inc HOG 0.16 0.15 0.050 20 0.60 Weyerhaeuser Co WY 0.18 0.17 0.059 22 0.88 Kimco Realty Corp KIM 0.19 0.17 0.118 28 2.24 Gilead Sciences, Inc. GILD 0.73 0.71 0.028 35 2.80 ∑ = 453.97
March’s dividend increase adds $453.97 in annual dividend income! March’s dividend increases are the equivalent of investing an extra $12,979.57 of new money at 3.5% yield! That is MASSIVE!
Net worth finally halted its downward trend!
Let’s do the numbers…
Alright, the cash reduction plan has been super successful. A lot of my extra cash has been put to work in the markets. Cash may come down a little more, but we are getting close to the end.
For March, our electricity bill dropped to $156 for the month and our gas bill went to $55! That totals to $211. March has been on the cooler side of mild this year. I suspect next month should be a bit less.
We did do some home improvement activities this month. We added new bathroom vents to both of our upstairs bathrooms. These Panasonic fans have been great in that they don’t sound like a jet engine during take-off and humid air is immediately removed from the room! The install process wasn’t crazy. Attic access was necessary, but balancing on floor joists is one of my special talents, so it wasn’t a problem.
I’m still debating on what to add to our home value now that our neighbor just sold their home for 50% more than what they paid 2 years ago. I feel like like adjusting to 500k is reasonable – even if its way below market. That way it wouldn’t drastically skew our net worth numbers.
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 in 2 months.
March’s dividend income and dividend growth were absolutely incredible. Dividend income being up almost 1k over March 2021 and dividend growth over 400 bucks is insane! These are the results of consistent saving and investing. I am ecstatic!
Net worth will continue to move up and down with the market and I don’t expect (hopefully) to see any massive moves one way or the other.
I will continue to save as much as possible and putting as much money to work as I can. I hope you do too!
Portfolio is looking strong! Great work and keep it up. What are your plans for buying during this dip we are seeing right now?
Thanks Drew. This has been a rough couple months, but dividends are still rolling in and value are only getting better. I’m still buying… just running low on powder. I’m working on a solid action plan regarding potential sales (in zero yield holdings) to raise money to invest for higher yields.