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.
Without rehashing the wild ride we experienced in the market last few months, 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 (thank you VFC) 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 January 2023 dividend totals.
Dividend income from my taxable account totaled $904.08.
|01/03/2023||UGI||U G I CORP||$7.56|
|01/04/2023||KMB||KIMBERLY CLARK CORP||$74.85|
|01/06/2023||CB||CHUBB LTD F||$7.47|
|01/10/2023||MO||ALTRIA GROUP INC||$349.79|
|01/11/2023||PM||PHILIP MORRIS INTL||$197.59|
|01/12/2023||ITW||ILLINOIS TOOL WORKS||$76.52|
|01/13/2023||LEG||LEGGETT & PLATT INC||$20.38|
|01/13/2023||MDLZ||MONDELEZ INTL CLASS A||$12.39|
|01/13/2023||JCI||JOHNSON CONTROLS INTER||$41.65|
|01/17/2023||CAH||CARDINAL HEALTH INC||$31.62|
|01/25/2023||GE||GENERAL ELECTRIC CO||$7.60|
Getting ever close to 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. And, seeing that passive income grow year over year adds to that sweetness. Last January my dividend income was $835.67. This year at $904.08 my income has grown 8.2%.
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 January dividend income? Please let me know below.
Disclosure: Long all above
2 thoughts on “Dividend Income Update January 2023”
Nice to see you approaching $1K in January, DivHut. A similar YoY gain a year from now should get you very close.
Somewhat surprisingly, I only share 3 stocks with you this month (PEP, MO & ITW). However, I’ve had my eye on UGI a few times over the past year.
I used to own CAH, but sold out in 2019 due to the slowing dividend growth on top of the declining share price. The stock has had a nice price run in the past 6 months or so. I haven’t checked to see what the catalyst might have been. I thought I read one of your comments elsewhere that mentioned you were considering exiting CAH?
Engineering Dividends recently posted…Annual Performance Review (2022)
That is rare that we only share three stocks. Usually, my portfolio gels with most others in the DGI space quite a lot. UGI is relatively new for me but has performed well since I picked some up and the dividend yield is decent and pretty safe. CAH was on my crap list for a looooong time as it was underwater seemingly forever. It has roared back in the last year or so and I guess I’m still sticking with it for now but I did tell myself if it ever rebounds I’d get out. As you can see I’m very flip floppy on that one.