Well, we made it through a scary October and the lead-up to the election! Finally, the election ads and commercials are DONE! Well, except I’m in GA so we get another month of senate run-off propaganda. Ugh! On the finance front, October turned out to be a little bit of a downer for net worth but a good win for dividend income.
October Dividend Income
This month I received $1,055.86 in dividend income! On average, I was paid $25.14 from 42 different companies! This month’s dividend income is a gigantic 37.69% increase over October 2019.
That’s a fantastic $289.01 more dividend income than last October! That is what I would like every month!
Dividend Income - October 2020
|01/10/20||Synovus Financial Corp.||SNV||39.60|
|01/10/20||Genuine Parts Company||GPC||95.59|
|02/10/20||Eastman Chemical Company||EMN||23.10|
|01/10/20||Iron Mountain Inc||IRM||126.59|
|02/10/20||Kimberly Clark Corp||KMB||47.08|
|13/10/20||Philip Morris International Inc.||PM||79.29|
|14/10/20||MONDELEZ INTERNATIONAL INC Common Stock||MDLZ||15.76|
|15/10/20||Realty Income Corp||O||73.57|
|15/10/20||State Street Corp||STT||8.84|
|15/10/20||American Finance Trust Inc Preferred Shares Series A||AFINP||4.69|
|15/10/20||WP Carey Inc||WPC||10.44|
|15/10/20||Store Capital Corp||STOR||18.00|
|15/10/20||Stag Industrial Inc||STAG||14.40|
|15/10/20||Main Street Capital Corporation||MAIN||11.28|
|15/10/20||Spirit Realty Capital Inc||SRC||25.12|
|15/10/20||Franklin Resources, Inc.||BEN||19.17|
|16/10/20||Johnson Controls International PLC||JCI||20.80|
|21/10/20||Cisco Systems, Inc.||CSCO||50.76|
|23/10/20||Simon Property Group Inc||SPG||44.20|
|23/10/20||The GEO Group Inc||GEO||27.20|
|28/10/20||Bank of Nova Scotia||BNS||3.38|
|30/10/20||Consolidated Water Co. Ltd.||CWCO||4.25|
|30/10/20||Invesco QQQ Trust Series 1||QQQ||15.93|
|26/10/20||General Electric Company||GE||1.17|
|30/10/20||Invesco Preferred ETF||PGX||2.99|
|14/10/20||Illinois Tool Works Inc.||ITW||21.91|
|7/10/2020||Merck & Co., Inc.||MRK||3.05|
|13/10/20||Weingarten Realty Investors||WRI||3.60|
|15/10/20||Fulton Financial Corp||FULT||3.25|
|15/10/20||Starwood Property Trust, Inc.||STWD||9.60|
|∑ = 1,055.86|
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 October 2019 and 2020 that have added to this dividend income growth.
October’s dividend income covers all my utilities, food and insurance for the month!
October Dividend Growth (Dividend Increases)
Here are the realized dividend increases I earned this October. Dividend growth has been one of my favorite metrics to report, until about 5 months ago. However, I think things are finally starting to return to normal on this front!
This October I received 7 dividend increases! One of the dividend increases was over 10%!
Dividend Increases - October 2020
Name Ticker New Div Old Div % Increase Shares Addl Income McKesson Corporation MCK 0.42 0.41 0.024 10 0.40 Philip Morris International Inc. PM 1.20 1.17 0.026 63 7.56 MONDELEZ INTERNATIONAL INC Common Stock MDLZ 0.32 0.29 0.105 50 6.00 WP Carey Inc WPC 1.04 1.04 0.002 10 0.08 Store Capital Corp STOR 0.36 0.35 0.029 50 2.00 Bank Ozk OZK 0.28 0.27 0.019 47 0.94 Illinois Tool Works Inc. ITW 1.14 1.07 0.065 19 5.32 ∑ = 22.30
October’s dividend increase adds a decent $22.30 in annual dividend income. The 7 dividend increases are the equivalent of investing an extra $637.14 of new money at 3.5% yield! Again, this is great news except for the dividend cuts.
October Dividend Cuts (Dividend Decreases)
Another month of dividend decreases.
Below are the realized dividend decreases I had this October.
Dividend Cuts - October 2020
Name Ticker New Div Old Div Div Decrease Shares Lost Income Ventas, Inc. VTR 0.45 0.79 -0.34 30 -10.28 Simon Property Group Inc SPG 1.30 2.10 -0.80 31 -24.80 The GEO Group Inc GEO 0.34 0.48 -0.14 80 -11.20 Weingarten Realty Investors WRI 0.18 0.40 -0.22 20 -4.30 Park Hotels & Resorts Inc PK 0.00 0.45 -0.45 100 -45.00 ∑ = -95.58
This month I received 5 dividend decreases! This sums up to $95.58 of lost dividend income this period! That’s the equivalent of incinerating $2730.86 instead of investing it at a 3.5% yield. On the flip side, this is great news as compared to last month!
The total net dividend decrease for October was ($73.28 [increase – decrease]).
Net worth dipped a bit within the lead up to the election.
Let’s do the numbers…
So, spending was a little over top this month. I needed a new computer and I bought one that is pretty killer, you know, for ummm… work! We also started buying some Christmas presents which put us back several hundred dollars. On top of that, we added some extra cash towards our rental mortgage to expedite that pay-off. It all added up pretty quickly.
Our new home is again proving to be much more energy efficient as compared to our last home. Our gas and electric bills were roughly half what they were last year at this time! We plan to invest a bit more into the home to reduce energy costs by purchasing a heat pump water heater to replace our two smaller water heaters. Based on the energy rating of our water heaters, this should pay for it’s self in a little over a year!
Our rental is still doing great with very little work on our part. I can see why people like being landlords!
Dividend cuts are again stifling dividend growth. But, no point in dwelling on the negative especially when there is so much positive! Dividend income is up YOY and I calculated that I have just surpassed 60k in lifetime (over the last 5 years) dividend income! I will continue to put money to work and find the best dividend values I can every month, I hope you will as well!