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.
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 October 2022 dividend totals.
Dividend income from my taxable account totaled $985.75.
| Date | Symbol | Description | Amount |
|---|---|---|---|
| 10/03/2022 | UGI | U G I CORP | $1.08 |
| 10/03/2022 | KO | THE COCA-COLA CO | $56.86 |
| 10/04/2022 | KMB | KIMBERLY CLARK CORP | $74.85 |
| 10/06/2022 | GSK | GSK PLC | $28.08 |
| 10/07/2022 | CB | CHUBB LTD F | $7.47 |
| 10/11/2022 | MO | ALTRIA GROUP INC | $338.53 |
| 10/12/2022 | PM | PHILIP MORRIS INTL | $197.59 |
| 10/14/2022 | ITW | ILLINOIS TOOL WORKS | $76.52 |
| 10/14/2022 | LEG | LEGGETT & PLATT INC | $20.38 |
| 10/14/2022 | MDLZ | MONDELEZ INTL CLASS A | $12.39 |
| 10/14/2022 | JCI | JOHNSON CONTROLS INTER | $41.65 |
| 10/17/2022 | CAH | CARDINAL HEALTH INC | $31.62 |
| 10/25/2022 | GE | GENERAL ELECTRIC CO | $7.60 |
| 10/25/2022 | DEO | DIAGEO PLC | $91.13 |
| Total: | $985.75 |
It will be interesting to see how the market plays out during the home stretch 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 couple of 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 October dividend income? Please let me know below.
Disclosure: Long all above
Great month DH! You are so close to $1K. Hard to tell what the market is going to do, but happily the dividends keep coming and the snowball keeps growing! 🙂
My Dividend Dynasty recently posted…October 2022 Dividend Income & New Twitter Account
Hi MDD,
That’s what I always say. The dividends, though never guaranteed, are always a lot more stable and reliable than any day to day or weekly stock price.
Hi Keith, awesome portfolio (we have lots of common holdings), and great portfolio update. Similar to you I also have an entrepreneurial background and was able to bring some of my ventures to a good close. I live in Singapore with my family of two, and now am mainly a DIY investor.
My passive income is about 12,500 USD per month. I FIREd when I was 41, about 4-5 years ago. I only started with my All-Weather Portfolio in May of 2020.. only buying my “dream” buy-and-hold forever stocks (currently have 40 so far).. Anyways, keep it up, love your blog!
Cheers from Singapore,
Noah
Hi Noah,
Thank you for those kind words. It seems that many in the dividend growth community share common stocks. We tend to load up on those dividend kings a lot. Congrats on your awesome monthly dividend payouts. I think we all are slowly looking forward to that kind of future where dividends can easily pay for most if not all of our monthly expenses. Growing dividends can certainly help with inflation. I appreciate the comment.
Fantastic Keith! Nearly $1k for October is great and I’m guessing you’ll easily pass that come January. I’m not liking that rally during October and November as it’s sucked out a lot of the value that was popping up. But with more volatility hopefully we’ll start seeing those yields creep higher again to give us better entry points.
JC recently posted…Genuine Parts Company: A Time Will Come To Buy This Dividend King $GPC
Hi JC,
I agree with you. The market has come back quite nicely from its lows earlier this year. Still, there are many stocks under water for 2022 and sporting some unusually high yield. All we can do is dollar cost average and keep building that dividend snowball.