It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolios.
Without rehashing the wild ride we experienced in the market last few weeks, I could find comfort in one thing, my dividends (even if dividend cuts are very much on the table these days). As we all know, the market may move up and down irrationally and seemingly on a whim while our dividends remain much more stable, reliable and predictable. Sure, dividends may not increase every year and a cut or elimination is even possible but the odds are greatly reduced when you diversify among different companies and sectors and focus on dividend quality (free cash flow, EPS, debt, payout ratios and these days cash on hand). Keep in mind these days there are no shortages of accidental high yielding stocks but look at real cash on hand when viewing balance sheets. With that being said, let’s take a look at my February 2020 dividend totals.
Dividend income from my taxable account totaled $612.34 up from $446.50 an increase of 37.1% from February of last year.
Dividend income from my ROTH account totaled $253.91 down from $258.35 a decrease of -1.7% from this time last year.
Dividend income from my IRA account totaled $139.07 down from $179.92 from this time last year, a decrease of -22.7%.
Grand total for the month of February dividends: $1,005.32 an increase of 13.6% from February 2019.
Year to date dividends: $1,226.48
|02/03/2020||T||A T & T INC||$34.32|
|02/03/2020||GIS||GENERAL MILLS INC||$118.58|
|02/10/2020||APD||AIR PROD & CHEMICALS||$47.56|
|02/18/2020||HRL||HORMEL FOODS CORP||$20.00|
|02/18/2020||PG||PROCTER & GAMBLE||$20.89|
Year to date dividends: $544.99
|02/03/2020||GIS||GENERAL MILLS INC||$27.93|
|02/18/2020||HRL||HORMEL FOODS CORP||$2.09|
|02/18/2020||PG||PROCTER & GAMBLE||$8.20|
|02/24/2020||RY||ROYAL BANK OF CANADA F||$70.33|
Year to date dividends: $208.98
|02/28/2020||PEAK||HEALTHPEAK PPTYS INC REIT||$64.75|
|02/28/2020||LTC||LTC PROPERTIES, INC. REIT||$5.72|
|02/28/2020||WELL||WELLTOWER INC REIT||$68.60|
Double digit year over year gains… I’ll take it happily. The portfolio is doing what it’s supposed to be doing… throwing out cash and reinvesting. No big concerns with these numbers as the decreases in income from a couple of my accounts resulted from sales I made last year as I shuttled spin off stocks from my portfolio.
I hope your February totals brought some comfort to you during these turbulent times. I feel there is still more downside in the market as unemployment figures and company earnings start to shed some light on real lost business. In the meantime I will do more of the same… make monthly buys like I always have been doing (I added about $2,400 fresh capital in March), reinvest and enjoy those dividend raises when they come. That’s it.
Are any of these dividend stocks in your portfolio too? How was your February dividend income? Please let me know below.
Disclosure: Long all above