October was certainly a treat for me… both dividend income and net worth grew at a great pace. Dividend growth is continuing to make up for the lost 2020 year. Hopefully we can finish off 2021 strong!
October Dividend Income
This month I received $1,471.01 in dividend income! On average, I was paid $30.65 from 48 different payments! This month’s dividend income is a TREMENDOUS 39.32% increase over October 2020.
That’s $415.15 more dividend income than last October!
Dividend Income - October 2021
|1/10/2021||Eastman Chemical Company||EMN||24.15|
|1/10/2021||Synovus Financial Corp.||SNV||39.60|
|1/10/2021||Genuine Parts Company||GPC||98.62|
|4/10/2021||Kimberly Clark Corp||KMB||79.80|
|6/10/2021||Iron Mountain Inc||IRM||134.89|
|6/10/2021||JPMorgan Equity Premium Income ETF||JEPI||6.87|
|6/10/2021||Old Republic International Corporation||ORI||187.50|
|12/10/2021||State Street Corp||STT||19.95|
|14/10/21||Philip Morris International Inc.||PM||83.51|
|14/10/21||Taiwan Semiconductor Mfg. Co. Ltd.||TSM||13.06|
|14/10/21||MONDELEZ INTERNATIONAL INC Common Stock||MDLZ||17.50|
|15/10/21||Realty Income Corp||O||82.96|
|15/10/21||American Finance Trust Inc Preferred Shares Series A||AFINP||4.69|
|15/10/21||WP Carey Inc||WPC||36.82|
|15/10/21||Store Capital Corp||STOR||39.27|
|15/10/21||Stag Industrial Inc||STAG||14.50|
|15/10/21||Main Street Capital Corporation||MAIN||11.55|
|15/10/21||Algonquin Power & Utilities Corp||AQN||17.06|
|15/10/21||Spirit Realty Capital Inc||SRC||26.05|
|15/10/21||Johnson Controls International PLC||JCI||21.60|
|15/10/21||Franklin Resources, Inc.||BEN||19.88|
|22/10/21||Nationwide Risk-Managed Income ETF||NUSI||1.81|
|26/10/21||Global X NASDAQ 100 Covered Call ETF||QYLD||21.63|
|27/10/21||Bank of Nova Scotia||BNS||3.65|
|27/10/21||Cisco Systems Inc||CSCO||60.31|
|29/10/21||Consolidated Water Co. Ltd.||CWCO||4.25|
|29/10/21||Invesco QQQ Trust Series 1||QQQ||17.00|
|1/10/2021||Regions Financial Corp||RF||8.50|
|7/10/2021||Merck & Co., Inc.||MRK||26.00|
|14/10/21||Illinois Tool Works Inc.||ITW||39.42|
|15/10/21||Fulton Financial Corp||FULT||3.50|
|15/10/21||Starwood Property Trust, Inc.||STWD||9.60|
|25/10/21||General Electric Company||GE||1.12|
|29/10/21||Invesco Preferred ETF||PGX||2.97|
|∑ = 1,471.01|
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 2020 and 2021 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 collected this October. While this isn’t a massive dividend growth month, it was still very respectable! October was a huge increase in dividend growth especially compared to last October (which was the nasty month for dividend decreases)!
This October I received 13 dividend increases! Four of the dividend increases were over 10%!!!
Dividend Increases - October 2021
Name Ticker New Div Old Div % Increase Shares Addl Income McKesson Corporation MCK 0.47 0.42 0.119 10 2.00 State Street Corp STT 0.57 0.52 0.096 35 7.00 Philip Morris International Inc. PM 1.25 1.20 0.042 63 12.60 Taiwan Semiconductor Mfg. Co. Ltd. TSM 0.49 0.45 0.102 27 4.92 MONDELEZ INTERNATIONAL INC Common Stock MDLZ 0.35 0.32 0.111 50 7.00 Realty Income Corp O 0.24 0.24 0.002 306 1.84 WP Carey Inc WPC 1.05 1.05 0.002 30 0.24 Store Capital Corp STOR 0.39 0.36 0.069 102 10.20 Spirit Realty Capital Inc SRC 0.64 0.63 0.021 40 2.08 Bank Ozk OZK 0.29 0.29 0.018 67 1.34 Regions Financial Corp RF 0.17 0.16 0.097 50 3.00 Illinois Tool Works Inc. ITW 1.22 1.14 0.070 32 10.24 General Electric Company GE 0.08 0.01 7.000 14 3.92 ∑ = 66.38
October’s dividend increase adds a nice $66.38 in annual dividend income. These 13 dividend increases are the equivalent of investing an extra $1,896.57 of new money at 3.5% yield!
Net worth flips last month upside down and we’ve reached a new high!
Let’s do the numbers…
Cash is continuing to decrease. This is a conscious effort to invest more and reduce my cash cushion. I have also have some planned computer upgrades and some holiday purchases that will take a decent chunk of cash over the next few months.
Real estate maintenance has been a breeze with this new house. Eliminating our mortgage was not only a great feeling, but also a nice boost to my free cash flow. With regards to the rental, we are paying that down semi-aggressively to ensure the mortgage on that property is gone by the time I retire (another 3 years).
For October, our electricity bill was $118 and our gas bill was $41. This is a massive decrease from the last few (HOT) months. No AC use has dropped our electricity bill substantially. That totals to $159 for the month.
Again, we received our rent check on time and zero service calls!
October really couldn’t have turned out much better! We are continuing to set both dividend income, net worth, and dividend growth records. I compared October 2020 to 2021 in terms of all those metrics and I think I’m on the right track: dividend income grew from $1,055 to $1,471 | dividend growth from – ($-73) to $66 | net worth 1.2 to 1.6. Not too shabby! I’ll keep searching for the best dividend stocks I can find and try to consistently put money to work… I hope you will too!