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, as we experienced a pretty serious melt up, 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, GE and many more) 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 2024 dividend totals.
| Date | Symbol | Description | Amount |
|---|---|---|---|
| 01/02/2024 | UGI | U G I CORP | $36.75 |
| 01/03/2024 | KMB | KIMBERLY CLARK CORP | $76.14 |
| 01/05/2024 | PEP | PEPSICO INC | $44.63 |
| 01/05/2024 | CB | CHUBB LTD F | $7.74 |
| 01/10/2024 | PM | PHILIP MORRIS INTL | $202.25 |
| 01/10/2024 | MO | ALTRIA GROUP INC | $393.60 |
| 01/11/2024 | GSK | GSK PLC | $45.26 |
| 01/11/2024 | ITW | ILLINOIS TOOL WORKS | $81.78 |
| 01/12/2024 | JCI | JOHNSON CONTROLS INTER | $44.03 |
| 01/12/2024 | MDLZ | MONDELEZ INTL CLASS A | $13.67 |
| 01/12/2024 | LEG | LEGGETT & PLATT INC | $35.56 |
| 01/16/2024 | CAH | CARDINAL HEALTH INC | $31.94 |
| Total: | $1,013.35 |
Dividend income from my taxable account totaled $1,013.35. This represents a 12.1% increase in passive income compared to January 2023. Hitting four figures in a month is always a nice milestone to achieve. 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
Excellent post and nice dividend income. Question, do you only use a taxable account or do you have a Roth as well?
In January I hit $7.51, up from $0.03 from the previous year and I hit $8.42 in February, up from $0.74 the previous year. Doing pretty well in my additions.
I also added PEP which you have to my portfolio. I am also going to add JNJ as well once I get paid. From here I think I am good on adding more and will double down on those I have now and increase their share counts.
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Great post, I always love learning more about finances.