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
| Date | Company | Ticker | Dividend Income |
|---|---|---|---|
| 1/10/2021 | Eastman Chemical Company | EMN | 24.15 |
| 1/10/2021 | McKesson Corporation | MCK | 4.70 |
| 1/10/2021 | FedEx Corporation | FDX | 7.50 |
| 1/10/2021 | Synovus Financial Corp. | SNV | 39.60 |
| 1/10/2021 | Coca-Cola Co | KO | 53.32 |
| 1/10/2021 | Comerica Incorporated | CMA | 31.25 |
| 1/10/2021 | Genuine Parts Company | GPC | 98.62 |
| 1/10/2021 | Nike Inc | NKE | 39.33 |
| 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 | TotalEnergies SE | TTE | 65.35 |
| 12/10/2021 | State Street Corp | STT | 19.95 |
| 13/10/21 | Diageo plc | DEO | 12.13 |
| 14/10/21 | Ventas, Inc. | VTR | 13.84 |
| 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 | Medtronic PLC | MDT | 10.08 |
| 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 | Bank Ozk | OZK | 19.43 |
| 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 | Comcast Corporation | CMCSA | 12.50 |
| 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 | Nutrien Ltd | NTR | 5.98 |
| 15/10/21 | Progressive Corp | PGR | 4.51 |
| 15/10/21 | Starwood Property Trust, Inc. | STWD | 9.60 |
| 19/10/21 | Weyerhaeuser Co | WY | 11.50 |
| 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
Net worth flips last month upside down and we’ve reached a new high!
Let’s do the numbers…
Cash
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
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!
Wrap-up
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!
2 Comments
DP,
Impressive income for the month. I’m curious about your ORI position. I’ve looked at it in the past, but it never seems to move outside the $20 range. I guess it’s similar to a bond or utility which isn’t a bad thing. Do you plan to add more shares in the future?
MDP
Thanks MDP!
ORI stock price appreciation isn’t the reason to hold this one… its those steady dividends and special dividends. I would probably add more if it dropped to $18.50 – $19ish… but (depending where you are in your journey) it’s great to have a base of both dividend growth and dividend payers. ORI is good one when its yield hits those 4.5%+!
Thanks for dropping by!