The start 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. March was exciting as ever as my year over year numbers continue to highlight the trifecta magic of dividend investing which includes, adding fresh capital, dividend raises and basic compounding to create an ever increasing passive income stream. Even if I stopped adding fresh capital today and every dividend stock I owned kept all distributions flat, without a single raise, my passive income stream would continue to grow. With that being said, let’s take a look back at my March 2020 dividend income.
Year to date dividends: $3,262.90
|03/02/2020||GWW||WW GRAINGER INC||$20.16|
|03/02/2020||WFC||WELLS FARGO BK N A||$21.42|
|03/06/2020||YUM||YUM BRANDS INC||$27.73|
|03/10/2020||EMR||EMERSON ELECTRIC CO||$41.00|
|03/10/2020||JNJ||JOHNSON & JOHNSON||$73.15|
|03/16/2020||MCD||MC DONALDS CORP||$40.00|
|03/20/2020||D||DOMINION ENERGY INC||$89.30|
|03/20/2020||KTB||KONTOOR BRANDS INC||$4.48|
|03/25/2020||YUMC||YUM CHINA HOLDINGS INC||$6.96|
|03/27/2020||KHC||KRAFT HEINZ CO||$77.91|
|03/30/2020||GILD||GILEAD SCIENCES INC||$20.60|
|03/30/2020||TROW||T ROWE PRICE GROUP||$4.50|
|03/31/2020||TT||TRANE TECHNOLOGIES PLC||$47.17|
|03/31/2020||ALLE||ALLEGION PUBLIC LTD F||$8.96|
Year to date dividends: $737.82
|03/06/2020||YUM||YUM BRANDS INC||$7.99|
|03/10/2020||EMR||EMERSON ELECTRIC CO||$28.00|
|03/10/2020||JNJ||JOHNSON & JOHNSON||$7.60|
|03/16/2020||MCD||MC DONALDS CORP||$13.75|
|03/20/2020||D||DOMINION ENERGY INC||$9.40|
|03/20/2020||KTB||KONTOOR BRANDS INC||$2.80|
|03/25/2020||YUMC||YUM CHINA HOLDINGS INC||$2.04|
|03/27/2020||KHC||KRAFT HEINZ CO||$14.59|
Year to date dividends: $221.20
|03/31/2020||LTC||LTC PROPERTIES, INC. REIT||$5.72|
Dividend income from my taxable account totaled $2,036.42 up from $792.26 an increase of 157.04% from March of last year.
Dividend income from my ROTH account totaled $192.83 up from $182.92 an increase of 5.4% from this time last year.
Dividend income from my IRA account totaled $12.22 up from $5.80 from this time last year, an increase of 110.7%.
Grand total for the month of March: $2,241.47 an increase of 128.5% from March 2019.
I have to say I’m quite pleased with my March totals. Who would complain about a triple digit year over year increase (even with that nasty KHC cut from a while back)? Stay diversified my friends.
The proof of our dividend investing strategy rests in these real results. After all, dividends don’t lie. It’s real cash being returned to investors. With patience and consistency these results and better can be achieved. Just remember, sometimes investing with blinders on can be beneficial as it blocks out the constant noise we are bombarded with on a daily basis and keeps you focused on the job at hand which is to keep investing, not falling for market timing traps, diversifying, not getting shaken out of the market when it tumbles and just creating a solid, ever growing passive income stream and with one rocky quarter under our belts let us hope that we’ll experience minimal to no dividend cuts.
Are any of these dividend stocks in your portfolio too? How was your March dividend income? Please let me know below.
Disclosure: Long all above