Dividend Income Update September 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 a passive income stream. Looking back at my September totals I see that my year over year progress is moving at a nice clip though the many 2020 dividend cuts continue to dent my passive income stream. Now that three quarters of 2020 are in the books my annual dividend income picture is looking a lot clearer and it looks like I will pass my 2019 dividend totals. With that being said, let’s take a look back at my September 2020 dividend income.

Dividend income from my taxable account totaled $1,503.27 down from $1,947.57 a decrease of 22.8% from September of last year.

Dividend income from my ROTH account totaled $191.48 up from $184.62 an increase of 3.7% from this time last year.

Dividend income from my IRA account totaled $12.57 up from $5.72 from this time last year. A increase of 119.8%.

Grand total for the month of September: $1,707.32 a decrease of 20.1% from September 2019.

Brokerage Account

Year to date dividends: $9,518.71

09/01/2020AFLAFLAC INC$102.40
09/01/2020GWWWW GRAINGER INC$21.52
09/01/2020PFEPFIZER INC$23.42
09/01/2020WFCWELLS FARGO & CO$4.28
09/08/2020AMGNAMGEN INC.$3.25
09/08/2020SOSOUTHERN CO$98.99
09/08/2020JNJJOHNSON & JOHNSON$78.85
09/09/2020ULUNILEVER PLC$9.46
09/11/2020YUMYUM BRANDS INC$27.88
09/14/20MMM3M CO$35.62
09/15/2020DOVDOVER CORP$22.88
09/15/2020MCDMCDONALDS CORP$40.26
09/21/2020VFCVF CORP$27.08
09/25/2020BPBP PLC$541.69
09/25/2020KHCKRAFT HEINZ CO$79.18
09/30/2020AVGOBROADCOM INC$16.72
09/30/2020PEPPEPSICO INC$36.07

ROTH Account

Year to date dividends: $2,242.52

09/01/2020PFEPFIZER INC$12.67
09/08/2020JNJJOHNSON & JOHNSON$8.14
09/09/2020ULUNILEVER PLC$50.13
09/11/2020YUMYUM BRANDS INC$8.03
09/14/20MMM3M CO$13.50
09/15/2020MCDMCDONALDS CORP$13.96
09/21/2020VFCVF CORP$20.02
09/25/2020KHCKRAFT HEINZ CO$15.02
09/30/2020PEPPEPSICO INC$20.77

IRA Account

Year to date dividends: $675.89

09/30/2020AVGOBROADCOM INC$6.66

While I was very happy to bring in a solid four digit month for September, I have to address the decrease in dividends for the month. Many of my end of quarter payers slashed or eliminated dividends. Among them BP, WFC, YUMC, KTB and my selling of D all contributed to the decrease in payments. That’s no small list of dividend payers. Oh well, as I mentioned I’m still on track to best my 2019 annual totals and that keeps me positive even during these wild times with the market swinging high and low every week and keeping all of us guessing as to what the future will bring.

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

Disclosure: Long all above

20 thoughts on “Dividend Income Update September 2020”

  1. Great to see you’ll still have a positive YoY growth – that’s all that matters and assuming your not selling any of your positions – you’ve got all these suspensions and cuts that will more likely than not be reinstated in a year or so and you’ll hit record MoM growth. Keep it up. Divs

    • Hi D4J,

      As I write every month… I will continue to do more of the same. Make a purchase every month, reinvest dividends and enjoy those raises when they come which are more often than the cuts. This is why we diversify too. Being in the the DGI game over a decade it isn’t my first and I’m sure not my last cut I’ll experience.

    • Hi Doug,

      Believe me, I did not want to sell my D but under the circumstances it was time to unload and move on. As I have been commenting to others, the dividend cuts do suck but it isn’t all negative in 2020. Many companies have been raising their payouts despite the tough economic environment. Just got to press forward and keep growing that passive income.

  2. I was stung by the dividend cut bug as well, BP and WFC especially, although nowhere near as badly as you were. It was a slight decline for me, but all things considered I’m not too upset. It’s something every DGI is facing and will face again in the future. Still great to see that you pulled in over $1,500 in you taxable account, many people would be happy to have that as their work income!
    JC recently posted…Dividend Update – September 2020My Profile

    • Hi JC,

      If you are willing to go the DGI route you have to accept a dividend cut every now and then. It is all part of the game. Of course, this is why we hold a basket of stocks and continue to add fresh capital when we can. 2020 hasn’t been all bad. Quite a few companies have continued to raise their dividends even during tough economic conditions.

  3. DHut,

    Stinks to see a decrease, but at least you’re mostly consistent. I had KTB and YUMC cut on me. I still have D; I have not sold it yet, but I plan on it due to the upcoming decrease. Our opportunities will continue, lets take advantage and acquire the survivors.

    – Gremlin

    • Hi DG,

      This isn’t my first round of dividend cuts being in the DGI game for more than ten years and even with those unwelcome surprises my year over year annual totals continue to go in one direction, up. As long as I can put fresh capital to work, mitigate those cuts and enjoy raises too (2020 has seen many dividend raises), I’ll be happy. As you said, there will be opportunities.

    • Hi LOI,

      Thank you. This is why I have dozens of stocks in my portfolio. Cuts come but so do dividend raises. It’s all about mitigating risk with your portfolio.

  4. sold D also but after the ex date so I could collect the dividend. All these dividend cuts this year sucks. Good you will still have a positive YOY.

    • Hi era,

      If you are in the DGI game you will experience a cut eventually. 2020 has not been kind in that regard but it’s all good as I continue to add fresh capital each month and also experienced many dividend raises too. My annual totals are what really count. If that ever decreases something really bad is going on in the world.

    • Hi DD,

      You know what I say… “Ehh.’ I’m not losing sleep over a decrease in year over year income. As long as my portfolio continues to spit out cash I’m happy and going forward I’ll have to continue to mitigate those dividend cuts and rejoice with the dividend raises.

  5. I guess giving the current situation, the current year can’t really be compared to last year. I don’t think anyone has made a big profit from investing this year unless they have all their money in hand sanitiser and face masks

    • Hi Jennifer,

      The beauty of dividend investing is that each month real cash is being injected into our collective accounts no matter if an underlying stock is up or down on paper. Thank you for commenting.


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