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 portfolios.
Without rehashing the wild ride we experienced in the market the last couple of months, I could find comfort in one thing, my dividends. 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 (even with those occasional cuts we all experience). 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, payout ratios and simply cash on hand). With that being said, let’s take a look at my May 2022 dividend totals.
Dividend income from my taxable account totaled $862.43.
| Date | Symbol | Description | Amount |
|---|---|---|---|
| 05/02/2022 | GIS | GENERAL MILLS INC | $125.50 |
| 05/02/2022 | T | A T & T INC | $116.62 |
| 05/02/2022 | VZ | VERIZON COMMUNICATN | $2.46 |
| 05/06/2022 | GD | GENERAL DYNAMICS CO | $12.64 |
| 05/09/2022 | APD | AIR PROD & CHEMICALS | $67.55 |
| 05/12/2022 | AAPL | APPLE INC | $11.32 |
| 05/13/2022 | CL | COLGATE-PALMOLIVE | $8.51 |
| 05/13/2022 | CLX | CLOROX CO | $19.82 |
| 05/16/2022 | ABT | ABBOTT LABORATORIES | $37.28 |
| 05/16/2022 | ABBV | ABBVIE INC | $316.31 |
| 05/16/2022 | HRL | HORMEL FOODS CORP | $22.47 |
| 05/16/2022 | PG | PROCTER & GAMBLE | $25.75 |
| 05/20/2022 | CAT | CATERPILLAR INC | $84.00 |
| 05/27/2022 | SBUX | STARBUCKS CORP | $12.20 |
| Total: | $862.43 |
It will be interesting to see how the market plays out during the second half of the year. Most are predicting more pain as interest rates rise which should continue to hammer overall markets in general. With lower prices, as dividend investors know, come higher yield. These next four to five months could be great times to dollar cost average into positions that are beaten down, potentially lowering your cost basis and capturing higher initial yield.
Are any of these dividend stocks in your portfolio too? How was your May dividend income? Please let me know below.
Disclosure: Long all above
Great month DH! Nice to see nearly $900 dividends come in while you sleep. 🙂
The second half of the year should be interesting. More pain can mean more gain! Loading up on stocks at a discount and capturing that higher yield. Let’s see what happens.
My Dividend Dynasty recently posted…Make $1,000 a Month in Dividends
Hi MDD,
I couldn’t agree with you more. We all gripe about buying stocks at high valuations/lower yield… now we are getting a chance to pick up some quality names at a discount with more potential income as well. I’ll keep deploying my dry powder each month.
great stuff hut!
we share a couple of those names, that abbv payout is sweet =)
keep it up.
Passivecanadianincome recently posted…May 2022 Passive Income – Growth All Over The Place – Sweet!
Hi Passivecanadianincome,
Thanks for those words. The plan has always been to keep buying every month and build up that passive income stream. At least these days we can capture higher yield.
Nice month!
Whenever the market tanks, I keep telling myself: “The market is down, but my dividend income stays the same (or goes up). I’m not selling these holdings, but everything is on sale for me to buy more income”
Hi Chickenwizard,
You said it. It can be tough to see overall account values decline but at least the dividend income is more stable and reliable. Here and there we get those nasty surprises with cuts or spin offs that reduce our income but that’s mitigated with a diversified portfolio.
Great job DH! Over $800 and love seeing those heavy hitters that you have in ABBV, T and GIS. There’s no telling what the rest of the year will be like so I just continue to focus on what I can control which is spending less than I earn and investing when I see something trading at reasonable levels.
JC recently posted…Analog Devices: Attractive Risk/Reward From Current Levels $ADI
Hi JC,
Spend less, invest more… especially with these lower stock prices. Of course, you always need that cash cushion to sleep well at night. I’m still trying to recover from that T spin off. That’s one way to screw your investors with a dividend “cut.”
Congratulations! You’re so close to a 1000 a month! Maybe by the end of the year hopefully.
Samuel recently posted…Contrarian Expanded Canvas Portfolio | How I Invest with Nomadic Samuel
Hi Samuel,
Thanks for those words. We all strive for those double digit, triple digit and eventual quadruple digit months in passive income. DGI is the long game for sure.