What a month! The market is clearly very excited that we have some vaccines rolling out shortly and markets exploded up with the news. On top of that, dividend income is starting to climb back up! It’s a pre-Christmas miracle!
November Dividend Income
This month I received $1,714.70 in dividend income! On average, I was paid $38.97 from 44 different companies! This month’s dividend income is a lovely 18.88% increase over November 2019.
That’s $272.34 more dividend income than last November! Not too shabby!
Dividend Income - November 2020
|2/11/20||JPMorgan Chase & Co.||JPM||43.20|
|2/11/20||CVS Health Corp||CVS||96.71|
|2/11/20||General Mills, Inc.||GIS||134.48|
|4/11/20||Lowe`s Companies Inc||LOW||87.60|
|05/11/20||PNC Financial Services Group Inc||PNC||4.60|
|10/11/20||Bank of New York Mellon Corp||BK||10.23|
|10/11/20||American Express Company||AXP||14.37|
|13/11/20||Costco Wholesale Corporation||COST||27.30|
|13/11/20||Realty Income Corp||O||73.64|
|13/11/20||Main Street Capital Corporation||MAIN||11.27|
|16/11/20||Stag Industrial Inc||STAG||14.40|
|16/11/20||National Retail Properties, Inc.||NNN||76.44|
|16/11/20||Genie Energy Ltd Preferred||GNE.A||7.97|
|16/11/20||Hormel Foods Corp||HRL||29.06|
|16/11/20||Procter & Gamble Co||PG||54.35|
|16/11/20||A. O. Smith Corp||AOS||8.58|
|16/11/20||Texas Instruments Incorporated||TXN||49.98|
|17/11/20||British American Tobacco PLC||BTI||79.30|
|20/11/20||Constellation Brands, Inc. Class A||STZ||12.00|
|23/11/20||Carrier Global Corp||CARR||0.88|
|24/11/20||Royal Bank of Canada||RY||28.18|
|27/11/20||Charles Schwab Corporation Common Stock||SCHW||25.25|
|13/11/20||Eaton Vance Corp||EV||3.86|
|16/11/20||Omega Healthcare Investors Inc||OHI||106.36|
|30/11/20||Invesco Preferred ETF||PGX||3.01|
|9/11/2020||Deere & Company||DE||6.84|
|13/11/20||General Dynamics Corporation||GD||15.40|
|16/11/20||Kinder Morgan Inc||KMI||2.63|
|20/11/20||UNILEVER N.V. Common Stock||UL||17.44|
|∑ = 1,714.70|
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 November 2019 and 2020 that have added to this dividend income growth.
November’s dividend income covers all my utilities, food and insurance for the month!
November Dividend Growth (Dividend Increases)
Here are the realized dividend increases I earned this November. Dividend growth has been one of my favorite metrics to report. This month we are seeing a return to normal with some really strong growth!
This November I received 5 dividend increases! One of the dividend increases was over 10%, and three were over 8%!
Dividend Increases - November 2020
Name Ticker New Div Old Div % Increase Shares Addl Income General Mills, Inc. GIS 0.51 0.49 0.041 227 18.16 Lowe`s Companies Inc LOW 0.60 0.55 0.091 146 29.20 A. O. Smith Corp AOS 0.26 0.24 0.083 33 2.64 Texas Instruments Incorporated TXN 1.02 0.90 0.133 40 19.20 Starbucks Corporation SBUX 0.45 0.41 0.098 123 19.68 ∑ = 88.88
November’s dividend increase adds a good $88.88 in annual dividend income. These 5 dividend increases are the equivalent of investing an extra $2,539.43 of new money at 3.5% yield! Nothing but good news!
November Dividend Cuts (Dividend Decreases)
Below are the realized dividend decreases I had this November… fortunately, it wasn’t all that bad!
Dividend Cuts - November 2020
Name Ticker New Div Old Div Div Decrease Shares Lost Income Westrock Co WRK 0.20 0.47 -0.27 16 -4.24 Cracker Barrel Old Country Store, Inc. CBRL 0.00 1.30 -1.30 10 -13.00 ∑ = -17.24
This month I received 2 dividend decreases! This sums up to $17.24 of lost dividend income this period! That’s the equivalent of loosing $492.57 instead of investing it at a 3.5% yield. While cuts stink, this is actually great news as this is the least amount of monthly damage from dividend decreases this year!
The total net dividend INCREASE (YAY!) for November was ($71.64 [increase – decrease]). First monthly dividend increase since March!
Net worth surged this month!
Let’s do the numbers…
While cash was down a little this month, it is still much better than last month. We tried to rein in spending this month and did pretty well! Our cash spending has fluctuated a bunch since our new home purchase in March. Well, except for our home and utility bills which are considerably less (specifically utilities are roughly half of what they were). And having no mortgage… that’s kinda like cheating.
We still love the new house. Smaller, more intentional living is serving us well and I think it will only get better! We’ve decided to invest a little more into our new home cosmetically. We’ll add some additional trim to the living room area which should run us a couple hundred bucks. We do all the work ourselves (and I already own the tools), so its only materials. The other upgrade we are planning on making is a heat pump water heater to further reduce our electricity bills. That will cost roughly $1,000 and should pay for itself in a little over a year!
Our rental income has been fantastic the last few months. We’ve had zero repairs and the tenant is paying on time!
Dividend income is finally back on the rise and stock prices are on a trajectory to hit the moon. This is great, but overall portfolio value isn’t my focus. My number one goal is growing my dividend income, which only becomes more difficult as stock prices rise and yields fall (overall, a good problem to have!). Even with a global pandemic dividend sickness that I experienced , the dividend investing strategy is still doing alright. I will continue to search for the best dividend stock values I can, I hope you will as well!