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 portfolio.
The markets swing up and down. Banks failing left and right. The system is clearly broken and has been for a while, however, 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 2023 dividend totals.
Dividend income from my taxable account totaled $981.78
| Date | Symbol | Description | Amount |
|---|---|---|---|
| 02/01/2023 | VZ | VERIZON COMMUNICATN | $68.03 |
| 02/01/2023 | GIS | GENERAL MILLS INC | $132.89 |
| 02/01/2023 | T | A T & T INC | $131.52 |
| 02/10/2023 | CLX | CLOROX CO | $20.16 |
| 02/10/2023 | GD | GENERAL DYNAMICS CO | $12.64 |
| 02/13/2023 | APD | AIR PROD & CHEMICALS | $67.55 |
| 02/14/2023 | CL | COLGATE-PALMOLIVE CO | $8.51 |
| 02/15/2023 | ABBV | ABBVIE INC | $332.01 |
| 02/15/2023 | HRL | HORMEL FOODS CORP | $23.77 |
| 02/15/2023 | ABT | ABBOTT LABORATORIES | $40.45 |
| 02/15/2023 | PG | PROCTER & GAMBLE | $25.75 |
| 02/16/2023 | AAPL | APPLE INC | $11.32 |
| 02/17/2023 | CAT | CATERPILLAR INC | $90.81 |
| 02/24/2023 | SBUX | STARBUCKS CORP | $16.37 |
| Total: | $981.78 |
Almost four figures coming in a particular month is nothing to sneeze at. I’ll definitely take it as passive income always seems a little sweeter than active income. As mentioned earlier, the markets may swing wildly from week to week and month to month but dividends are seemingly more stable, reliable and predictable. In today’s world filled with tons of uncertainty and guesswork I’ll gladly take 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
Now that is an awesome month DH! I do love that HUGE ABBV Payout! Keep it up! 🙂
My Dividend Dynasty recently posted…5 Reasons Why You Need Multiple Streams of Income
Hi MDD,
Thanks for those words of encouragement. ABBV has been one of the best spin offs ever received. Unlike some other dogs I got from my holdings. That’s a keeper for now.