2022 has started off with a bang and not a good kind of bang. The market was down almost 6% in January alone. Considering the performance that we have gotten used to from the last two years, an almost 6% move is pretty significant. Months like this are when you can really rely on dividends to boost your overall returns.
Now onto the January performance – a total of $66.74 in dividends from 11 different companies.
There were two companies that had dividend increases.
First one is Seagate technology that raised its dividend by about 4.4%. New dividend amount is $0.70 per share and it used to be $0.67 per share.
Second increase is from Franklin resources, raised their dividend to $0.29 from $0.28 for a 3.5% increase.
Here are the dividend amounts by each company for January 2022.
Seagate Technology (STX) – $5.60
Iron Mountain (IRM) – $9.90
Altria (MO) – $24.30
Occidental Petroleum (OXY) – $1.05
Medtronic (MDT) – $1.26
Franklin Resources (BEN) – $2.03
Cardinal Health (CAH) – $0.49
Micron (MU) – $1.80
Cisco Systems (CSCO) – $0.37
Annaly Capital Management (NLY) – $19.80
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) – $0.14