Dividend Income

November Dividend Income and Net Worth Report – 2020

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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


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


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

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

Net worth surged this month!

Let’s do the numbers…

November 2020 Net Worth Breakdown

Cash

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.

Real Estate

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!

Wrap-up

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!

I'm a dividend growth investor who is aiming to retire early in 6 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!

2 Comments

  1. Congratulation on your achievement, I am on the same journey as well, thank you for sharing, please keep updating, good luck on your 2021 investment.

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