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.
With the markets at or near all time highs, after a wild up and down 2023, I could find comfort in one thing, my dividends (even if dividend cuts are very much on the table these days for some of my holdings). 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 November 2023 dividend totals.
| Date | Symbol | Description | Amount |
|---|---|---|---|
| 11/01/2023 | VZ | VERIZON COMMUN | $135.78 |
| 11/01/2023 | GIS | GENERAL MILLS INC | $145.19 |
| 11/01/2023 | T | A T & T INC | $156.84 |
| 11/09/2023 | CLX | CLOROX CO | $20.51 |
| 11/10/2023 | GD | GENERAL DYNAMICS | $13.24 |
| 11/13/2023 | APD | AIR PROD & CHEMICALS | $72.97 |
| 11/15/2023 | CL | COLGATE-PALMOLIVE | $8.69 |
| 11/15/2023 | ABT | ABBOTT LABORATORIES | $40.45 |
| 11/15/2023 | ABBV | ABBVIE INC | $332.01 |
| 11/15/2023 | HRL | HORMEL FOODS CORP | $23.77 |
| 11/15/2023 | PG | PROCTER & GAMBLE | $26.52 |
| 11/16/2023 | AAPL | APPLE INC | $11.82 |
| 11/20/2023 | CAT | CATERPILLAR INC | $98.37 |
| 11/24/2023 | SBUX | STARBUCKS CORP | $17.61 |
| Total: | $1,103.77 |
Another 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. This represents a 17.4% year over year increase from November 2022. 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. With one more dividend income update left in 2023 I’m sure the market drama will continue.
Are any of these dividend stocks in your portfolio too? How was your November dividend income? Please let me know below.
Disclosure: Long all above
bammmmm
Nice Keith.
These are definitely our lowest months of the quarter but we share alot of the same names.
love how chunky some of your payments are. I was actually just looking at our general mills position. 1 buy could put us over 100 per quarter.
keep it up man!
Hi Passivecanadianincome,
Thanks for those encouraging words. 2023 has been a crazy year to say the least but, as I always say, investing with blinders on is sometimes the best way to tune out all the noise we are bombarded with. Buy each month, dollar cost average, collect dividends.
Nice tally divhut, especially in the off quarter cycle of Feb, May, August, November. Kind of surprised you did not sneak Lowe’s into the November tally….or Texas Instruments. I also am ever amazed with the consistent raises of CAT, since they are so exposed to the cyclical world economy and its sensitive areas, like mining. Keep tallying and good luck!
Hi GT,
Those two names are definitely popular among many dividend investors. My tech is AAPL, MSFT, AVGO and never really looked into LOW. CAT is one of the first dividend stocks I bought over 15 years ago. I held through the highs and lows and have been very happy with their dividend consistency despite times of great headwinds. That’s a name I’ll continue to hold.
Nice going Div, which company or companies on this list are you looking to add more too with this new income?
I recently added 1 more to VZ and T, happy to see them on your list.
Hi RB,
I automatically reinvest my dividends almost always. Regarding fresh capital from the list above I am looking to add to my VZ. If SBUX gets into the $80s again I’ll consider that too.
Ah ok, thanks for the reply on that. I’ve been waiting till I hit a full stock in dividends before I do reinvestment for that particular stock. If that makes sense. Till then, I bundle all my dividends and pick stocks depending on their price and buy more.
RomesBlog – Dividend Education recently posted…What is Year on Cost When it Comes to Investing?