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. Of course, as many dividend investors know, end of quarter months are always the most fun to report as they tend to be the largest payers of dividends.
By now we are all used to the markets wild upswings 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 March 2023 dividend totals.
| Date | Symbol | Description | Amount |
|---|---|---|---|
| 03/01/2023 | GWW | WW GRAINGER INC | $24.19 |
| 03/01/2023 | AFL | AFLAC INC | $163.32 |
| 03/02/2023 | ADM | ARCHER-DANIELS-MIDLN | $84.00 |
| 03/03/2023 | PFE | PFIZER INC | $25.27 |
| 03/06/2023 | SO | SOUTHERN CO | $116.26 |
| 03/07/2023 | JNJ | JOHNSON & JOHNSON | $88.22 |
| 03/08/2023 | AMGN | AMGEN INC. | $4.33 |
| 03/09/2023 | MSFT | MICROSOFT CORP | $11.33 |
| 03/10/2023 | EMR | EMERSON ELECTRIC CO | $43.40 |
| 03/10/2023 | YUM | YUM BRANDS INC | $35.88 |
| 03/13/2023 | EMBC | EMBECTA CORP | $0.60 |
| 03/13/2023 | MMM | 3M CO | $39.40 |
| 03/13/2023 | LYB | LYONDELLBASELL INDS | $78.51 |
| 03/15/2023 | ED | CONSOLIDATED EDISON | $67.75 |
| 03/15/2023 | MCD | MCDONALDS CORP | $50.77 |
| 03/15/2023 | DOV | DOVER CORP | $23.34 |
| 03/17/2023 | VTRS | VIATRIS INC | $9.87 |
| 03/20/2023 | KTB | KONTOOR BRANDS INC | $3.84 |
| 03/21/2023 | VFC | VF CORP | $23.53 |
| 03/21/2023 | UL | UNILEVER PLC | $9.21 |
| 03/30/2023 | TROW | T ROWE PRICE GROUP | $6.16 |
| 03/30/2023 | GILD | GILEAD SCIENCES INC | $58.09 |
| 03/31/2023 | PEP | PEPSICO INC | $40.57 |
| 03/31/2023 | AVGO | BROADCOM INC | $23.66 |
| 03/31/2023 | KHC | KRAFT HEINZ CO | $79.95 |
| 03/31/2023 | ALLE | ALLEGION PUBLIC LTD | $12.60 |
| 03/31/2023 | BDX | BECTON DICKINSON&CO | $21.00 |
| 03/31/2023 | TT | TRANE TECHNOLOGIES | $66.75 |
| 03/31/2023 | BP | BP PLC | $682.01 |
| Total: | $1,893.81 |
Four figures in a month is a win in my book. Earning $1,893.81 represents 12.6% year over year increase in passive income.
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 going forward.
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
That elusive $2K is so close, fingers crossed a couple more quarters and it will become a regular thing.
Hi SDG,
$2k is very close in those end of quarter months. Longer term goal is to average $2k each month 🙂
Hey, this is Thomas. I appreciate the level of details you’ve provided in your dividend income report, including the breakdown of your holdings and the dividend yield analysis. Your insights are valuable for investors like me who are looking for investment opportunities in the dividend space. Waiting for your April 2023 report.
Hi TK,
Thanks for the comment. I always like to highlight my portfolio activities each month with regard to my purchases and, of course, passive income received from my portfolio. Keep stacking those dividend paying shares.
Over $600 in BP? Wow, nice cash flow there. I just bought my first shares of MCD a month ago. It will be awhile until I’m up to $50 in dividends from it. Seriously nice dividend report.
Hi JH,
That’s a legacy position from my wife. That position is one of our oldest and we just kept holding through the good times and bad BP experienced. Like the MCD pick up. That’s another old timer in the portfolio.