The beginning of every month is exciting for all dividend income investors as we look back at the previous month and see how much passive dividend income our portfolios generated. No doubt, these are the best posts to write and read online as it only provides further proof that dividend investing can work over time and that anyone can create an ever growing passive income stream. Looking back at my December totals I see that my year over year progress has moved at a nice pace. With that being said, let’s take a look back at my December 2023 dividend income.
Grand total for 2023 dividends: $16,011.65. You just have to love the very real results of dividend growth investing even if we experience some harsh dividend cuts and suspensions. This represents a 10.4% annual increase from 2022. December saw my passive income hit $1,994.49.
| Date | Symbol | Description | Amount |
|---|---|---|---|
| 12/01/2023 | GWW | WW GRAINGER INC | $26.16 |
| 12/01/2023 | AFL | AFLAC INC | $163.32 |
| 12/04/2023 | PFE | PFIZER INC | $25.27 |
| 12/04/2023 | LYB | LYONDELLBASELL INDS | $87.43 |
| 12/05/2023 | JNJ | JOHNSON & JOHNSON | $92.90 |
| 12/06/2023 | ADM | ARCHER-DANIELS-MIDLN | $84.00 |
| 12/06/2023 | SO | SOUTHERN CO | $119.68 |
| 12/08/2023 | YUM | YUM BRANDS INC | $35.88 |
| 12/08/2023 | UL | UNILEVER PLC | $9.15 |
| 12/08/2023 | AMGN | AMGEN INC. | $4.33 |
| 12/11/2023 | EMR | EMERSON ELECTRIC CO | $43.81 |
| 12/12/2023 | MMM | 3M CO | $39.40 |
| 12/14/2023 | MSFT | MICROSOFT CORP | $12.50 |
| 12/15/2023 | MCD | MCDONALDS CORP | $55.78 |
| 12/15/2023 | EMBC | EMBECTA CORP | $0.60 |
| 12/15/2023 | VTRS | VIATRIS INC | $9.87 |
| 12/15/2023 | DOV | DOVER CORP | $23.57 |
| 12/15/2023 | KO | THE COCA-COLA CO | $59.44 |
| 12/15/2023 | ED | CONSOLIDATED EDISON | $67.75 |
| 12/18/2023 | KTB | KONTOOR BRANDS INC | $4.00 |
| 12/19/2023 | BP | BP PLC | $750.11 |
| 12/20/2023 | VFC | VF CORP | $7.06 |
| 12/28/2023 | GILD | GILEAD SCIENCES INC | $58.09 |
| 12/29/2023 | ALLE | ALLEGION PUBLIC LTD F | $12.60 |
| 12/29/2023 | TROW | T ROWE PRICE GROUP | $6.16 |
| 12/29/2023 | AVGO | BROADCOM INC | $27.00 |
| 12/29/2023 | TT | TRANE TECHNOLOGIES | $66.75 |
| 12/29/2023 | BDX | BECTON DICKINSON&CO | $21.93 |
| 12/29/2023 | KHC | KRAFT HEINZ CO | $79.95 |
| Total: | $1,994.49 |
I hope everyone had a great 2023 with a renewed sense of what can be accomplished with patience, not panicking, common sense and general investing consistency and discipline, as we were all put through the test last year. These traits enable consistent dividend income results you see above as well as the knowledge that with high, moderate or even low income levels from active work, passive income growth can still be achieved. Are any of these dividend stocks in your portfolio too? How was your December dividend income? Please let me know below.
Disclosure: Long all above
I couldn’t help but smile at how it appears you took the Embecta spinoff, but have not thought enough of the company to add to it….judging by the 0.60 cent dividend.
That is a respectable amount from BP. Strong work hanging on.
I hold Carrier, banking that once they pay down debt they can become a dividend growth monster, but I concede Trane seems to have been the better of the 2 HVAC dividend growers up to this point.
A few years ago I gave up on CBRL, YUM and QSR (no fan of 5G) to consolidate into MCD. Glad I did that.
Good luck. Congrats on a solid December, and the first sentence of your last paragraph is superb. Lowell Miller and Geraldine Weiss (bless her soul) would have been proud.
Forgot to add doing due diligence on Evergy, a midwest utility with a nice current income yield of 5%-ish. Not quite in the trendy Sunbelt utility population growth areas, but still respectable IMHO. Just an idea. GLTA in building their “dividend machine”. Select your parts carefully, monitor them as Father Time may change things, and enjoy the results when the time comes!
Hi GT,
Thanks for sharing Evergy. Honestly, a name I never heard of. I used to own D for a long time and sold that a while back. Energy/utils I’m sticking with my UGI, BP, SO and ED. Thanks for sharing.
Hi GT,
I’m not religious about shuttling my spin offs. I do on occasion keep some here and there. I did keep YUMC for along time and one of my best spin offs, ABBV, has been a great holding over the years. We’ll see about Embecta if I decide to build that up over time or not. BP is a legacy holding from the days before I was fully into dividend investing, before the Gulf fire, etc. In other words, it’s been in the portfolio a long time and I just held through dividend suspensions, cuts and now in recent years raises. No need to let that one go just yet. MCD is a solid hold in that sector. For my portfolio I just stuck with MCD and YUM over the years. Thanks for the comment.
To get $16K a year you need to have at least $400K invested. Nicely done! Keep it and soon enough you won’t need to wake so early and go to work every day.
Financial Independence recently posted…December 2023 Financial independence update ($875,469 +$40,181 or +%4.8)
Hi FI,
Thanks for those words of encouragement. This portfolio has been built up over 15+ years give or take. Definitely not a quick run but I’ll take $16k a year in passive income any day. I’m still investing for the long haul. Figure another 10+ years still ahead of me in the dividend game. Bottom line, I know it’s a marathon and not a sprint and I invest accordingly.