Dividend Income Update October 2020

The beginning 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. No doubt, these are the best posts to write and read online as it only provides further proof that dividend investing can work over time and that anyone can create an ever growing passive income stream (even with those nasty dividend cuts that come our way every now and then; thank you GE and KHC and YUMC and more). Looking back at my October totals I see that my year over year progress is still moving at a nice clip and I look forward to calculating my 2020 totals in a about one month plus. With that being said, let’s take a look back at my October 2020 dividend income.

Dividend income from my taxable account totaled $807.92 up from $717.63 an increase of 12.6% from October of last year.

Dividend income from my ROTH account totaled $199.39 down from $283.38 a decrease of -29.6% from this time last year.

Dividend income from my IRA account totaled $85.45 up from $69.91 from this time last year. An increase of 22.2%.

Grand total for the month of October: $1,092.76 an increase of 2.0% from October 2019.

Brokerage Account

Year to date dividends: $10,326.60

DateSymbolDescriptionAmount
10/01/2020KOTHE COCA-COLA CO$52.98
10/02/2020KMBKIMBERLY-CLARK CORP$69.04
10/08/2020GSKGLAXOSMITHKLINE PLC$12.50
10/09/2020MOALTRIA GROUP INC$230.99
10/09/2020CBCHUBB LTD F$7.02
10/13/2020PMPHILIP MORRIS INTL$177.96
10/14/2020DEODIAGEO PLC$95.25
10/14/2020ITWILLINOIS TOOL WORKS$66.59
10/14/2020MDLZMONDELEZ INTL CLASS A$10.13
10/15/2020CAHCARDINAL HEALTH INC$30.73
10/15/2020LEGLEGGETT & PLATT INC$16.12
10/16/2020JCIJOHNSON CONTROLS INTER$30.94
10/26/2020GEGENERAL ELECTRIC CO$7.67

ROTH Account

Year to date dividends: $2,441.91

DateSymbolDescriptionAmount
10/01/2020KOTHE COCA-COLA CO$12.95
10/02/2020KMBKIMBERLY-CLARK CORP$7.61
10/09/2020MOALTRIA GROUP INC$40.54
10/13/2020PMPHILIP MORRIS INTL$14.76
10/14/2020MDLZMONDELEZ INTL CLASS A$14.01
10/28/2020BNSBANK NOVA SCOTIA F$109.52

IRA Account

Year to date dividends: $761.34

DateSymbolDescriptionAmount
10/02/2020IRMIRON MTN INC NEW REIT$24.93
10/13/2020VTRVENTAS INC REIT$40.22
10/15/2020LEGLEGGETT & PLATT INC$8.21
10/16/2020DOCPHYSICIANS REALTY TR REIT$6.15
10/30/2020LTCLTC PROPERTIES, INC. REIT$5.94

I have to say I’m quite pleased with my October totals. Who would complain about any year over year increase? The main reason for my modest 2% gain is simply due to my TD stock not paying in October as it did in 2019. Sometimes dividend payment schedules change and can mess with your monthly year over year numbers.

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.

Are any of these dividend stocks in your portfolio too? How was your October dividend income? Please let me know below.

Disclosure: Long all above

11 thoughts on “Dividend Income Update October 2020”

  1. DH –

    Exactly. Cannot complain about a growth in dividend income, at all. I experienced the exact same feeling and continue to feel that each month.

    There are quit a few combative macro events occurring with the surge in COVID-19, but seeing the promising results of a vaccine.

    Let’s buckle in for a bumpy ride!

    -Lanny

    Reply
  2. An increase is an increase Div Hut. Congrats, especially in this crazy year we are living in. But you make a great point about sticking through with the strategy. I love reading these posts because it helps keep me motivated. I’m looking forward to next month’s report!
    Dividend Portfolio recently posted…Sinking FundsMy Profile

    Reply
  3. Very solid month, Keith.
    As you mention, it has been great to see companies who cut/reduced earlier in the year, finally gaining confidence to get back to business with payments (YUMC being our common example).
    As Rob mentioned above, I wound up including TD in my October calculations because they officially announced the payment for October 31, even if that hit a weekend and dropped into November. Strange decision by them and I didn’t want to complicate my metrics when looking back in years to come….
    Take care,
    Ryan
    Get Rich Brothers recently posted…October 2020 Portfolio Update – Dividends ReboundMy Profile

    Reply
  4. Congrats on the great month! TD did pay in October but due to the weekend did not post until November. From my statement:
    11/02/2020 as of 10/31/2020 Qualified Dividend TD TORONTO-DOMINION BK F

    Looking at the bright side, it’ll certainly improve your November numbers when you report!

    Reply

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