We are five months into the year and dividend income and net worth are performing great! Dividend income continues to increase, dividend growth is back (and exceeding) pre-pandemic rates and net worth is again reaching new highs!
May Dividend Income
This month I received $1,824.97 in dividend income! On average, I was paid $42.44 from 43 different companies! This month’s dividend income is a fantastic 23.72% increase over May 2020.
That’s $349.73 more dividend income than last May! I would love every month to be that kind of increase!
Dividend Income - May 2021
|3/5/21||CVS Health Corp||CVS||97.81|
|3/5/21||General Mills, Inc.||GIS||135.82|
|5/5/21||Lowe`s Companies Inc||LOW||89.40|
|5/5/21||PNC Financial Services Group Inc||PNC||4.60|
|7/5/21||General Dynamics Corporation||GD||26.18|
|10/05/21||American Express Company||AXP||23.86|
|11/05/21||Bank of New York Mellon Corp||BK||28.83|
|14/05/21||Costco Wholesale Corporation||COST||32.50|
|14/05/21||Realty Income Corp||O||81.02|
|14/05/21||Main Street Capital Corporation||MAIN||11.28|
|17/05/21||British American Tobacco PLC||BTI||87.12|
|17/05/21||Hormel Foods Corp||HRL||30.63|
|17/05/21||Procter & Gamble Co||PG||59.96|
|17/05/21||A O Smith Corp||AOS||8.58|
|17/05/21||Texas Instruments Incorporated||TXN||49.98|
|18/05/21||Constellation Brands, Inc. Class A||STZ||12.16|
|21/05/21||Royal Bank of Canada||RY||30.44|
|24/05/21||Carrier Global Corp||CARR||1.32|
|14/05/21||National Retail Properties, Inc.||NNN||76.96|
|28/05/21||Charles Schwab Corporation Common Stock||SCHW||28.88|
|14/05/21||Stag Industrial Inc||STAG||14.50|
|17/05/21||Omega Healthcare Investors Inc||OHI||109.69|
|28/05/21||Invesco Preferred ETF||PGX||3.13|
|10/05/21||Deere & Company||DE||8.10|
|17/05/21||Kinder Morgan Inc||KMI||2.70|
|26/05/21||Bank of Montreal||BMO||4.38|
|∑ = 1,824.97|
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 May 2020 and 2021 that have added to this dividend income growth.
May’s dividend income covers all my utilities, food and insurance for the month!
May Dividend Growth (Dividend Increases)
Here are the realized dividend increases I earned this May. Dividend growth is always a fun metric to report. This month we are seeing a decent uptick in dividend growth as compared to last May!
This May I received 8 dividend increases! Three of the dividend increases were over 10%!
Dividend Increases - May 2021
Name Ticker New Div Old Div % Increase Shares Addl Income General Dynamics Corporation GD 1.19 1.10 0.082 23 8.28 Apple Inc AAPL 0.22 0.21 0.073 148 8.88 Costco Wholesale Corporation COST 0.79 0.70 0.129 41 14.76 Procter & Gamble Co PG 0.87 0.79 0.100 61 19.30 Constellation Brands, Inc. Class A STZ 0.76 0.75 0.013 16 0.64 Paychex, Inc. PAYX 0.66 0.62 0.065 30 4.80 Deere & Company DE 0.90 0.76 0.184 9 5.04 Kinder Morgan Inc KMI 0.27 0.26 0.029 10 0.30 ∑ = 62.00
May’s dividend increase adds a good $62.00 in annual dividend income. These 8 dividend increases are the equivalent of investing an extra $1,771.43 of new money at 3.5% yield!
The market continues to inflate and pump net worth!
Let’s do the numbers…
Cash was pretty stagnate this month. After the last few months of uncommon expenses, this is very welcome. Actually, I would prefer to have the cash account fluctuate no more than this every month. It’s important that I keep adding any extra money into the market to keep it “working.”
Our new construction home has done a decent job of keeping our energy costs low. For May, our electricity bill was $ 195 and our gas bill was $45. That totals to $240 to run the house. We are looking into purchasing residential ceramic window tint for the front of our home to help reduce the solar gain… and add a little privacy. I am still reading up on this but it looks like it really helps to reduce heat gain from the windows.
Our rental is doing great and we received our rent check on time and no zero service calls!
May’s dividend income was a steady stair step up from last year. Although the real highlight was the dividend growth. At the moment, I’m almost on track to have dividend raises increase my yearly dividend income by $1,000 this year! This organic dividend growth is the secret sauce behind dividend growth investing and I’m looking for extra sauce this year. I know you are too… keep at it!