May Dividend Income and Net Worth Report – 2022

Was May a positive month in the midst of greater decline?  I don’t know, but it was a great month for dividend income!

May Dividend Income

This month I received $2,280.54 in dividend income!  On average, I was paid $42.23 from 54 different companies!  This month’s dividend income is a good 24.96% increase over May 2021.  That’s $455.57 more dividend income than last May.

Dividend Income - May 2022

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

May’s dividend income covers my food, utilities and insurance for the month.

May Dividend Growth (Dividend Increases)

Below are the realized dividend increases I received this May.  Dividend growth is an incredibly important metric and one of my favorite to report!

This May I received 11 dividend increases.  Four of the  dividend increases were over 10%!

Dividend Increases - May 2022

Name	Ticker	New Div	Old Div	% Increase	Shares	Addl Income
PNC Financial Services Group Inc	PNC	1.50	1.25	0.200	4	4.00
General Dynamics Corporation	GD	1.26	1.19	0.059	23	6.44
Air Products & Chemicals, Inc.	APD	1.62	1.50	0.080	16	7.68
American Express Company	AXP	0.52	0.43	0.209	55	19.80
Apple Inc	AAPL	0.23	0.22	0.045	148	5.92
Costco Wholesale Corporation	COST	0.90	0.79	0.139	41	18.04
Colgate-Palmolive Company	CL	0.47	0.45	0.044	20	1.60
Procter & Gamble Co	PG	0.91	0.87	0.050	61	10.61
Constellation Brands, Inc. Class A	STZ	0.80	0.76	0.053	18	2.88
Paychex, Inc.	PAYX	0.79	0.66	0.197	30	15.60
Kinder Morgan Inc	KMI	0.28	0.27	0.028	10	0.30
						∑ = 92.87

May’s dividend increase adds $92.87 in annual dividend income! May’s dividend increases are the equivalent of investing an extra $2,652.43 of new money at 3.5% yield!  I’ll take it!

Net Worth

Net worth moved up a little!

Let’s do the numbers…

Cash

As I mentioned last month, May was a month of putting extra money to the market.  I invested most of the remaining cash that I had… and cash on hand plummeted.

Real Estate

In May, our electricity bill surged to $208 for the month and our gas bill remained the same at $38.  That totals to $246.  May was hot!!  June is going to be worse.

We ended up picking up a small ecoflow battery backup for the home to be used during power outages.  This will be used, most likely, to power our router, modem and TV during a storm.  It was $450 so we can watch TV during a storm for a few hours.  I guess this thing will prove its worth during the next storm.

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 next month.

Wrap-up

May’s dividend income and dividend growth were great this month.  A 25% increase in dividend income is always a fantastic result.  Net worth picking up a little was a nice bonus as well.

I have some additional cash that I would like to put to work.  I’m considering skewing slightly away from dividend growth for a large purchase.  This would go into an income etf that could potentially allow me to add some big income.  However, I’m reluctant as I’m concerned about ELN (equity linked notes) and how they would be affected in a larger downturn.

Either way, I will still invest a solid minimum every month into dividend growth stocks.  Values abound, and if even better values appear, I will welcome that good news!