January 2023 Dividend Income Report

Time for the first dividend income report of 2023 and I am on it pretty much on time. Probably the best performance I can compare to the inconsistencies I had with the income reports last year. 

The market has started off in a great way compared to what it had to offer in 2022. The market was up almost 7% this January. Last year it was down around 6%. While this might look like an encouraging sign, I am not all that convinced. Talks of recession have come down a bit but I am sure it has to do with this market rally and people are getting ahead of themselves thinking we are out of the woods. 

Perhaps it’s unfair to say people are getting ahead of themselves but the market or wall street is getting excited and pushing the market up. As of last week, a lot of the big market cap companies have finished their first round of earnings announcements. Common themes among them were slower growth, showing some newfound financial discipline and cutting costs by laying off employees.

Here is an article I saw on CNBC about the 70,000 job cuts by tech companies in the last year.

With all that good or bad (depending on how you want to look at it) out of the way, let’s take a look at the dividends I received this past month.

Dividends for January 2023

CompanyTickerDividend amount
Iron MountainIRM$9.90
Seagate TechnologySTX$5.60
Franklin ResourcesBEN$2.10
Occidental PetroleumOXY$0.65
Cardinal HealthCAH$0.50
Micron TechnologyMU$2.07
Cisco SystemsCSCO$0.38
Annaly Capital ManagementNLY$19.80
Invesco S&P 500 High Div Low Volatility ETFSPHD$0.14

Total dividends for January 2023 were $67.88 from 10 companies and 1 ETF.  January 2022 total was $67.74.

Year over year totals has such a small difference that it’s not worth mentioning.

Dividend Increases in January 2023

Only one company in the portfolio had a dividend increase.

  • BEN increased dividends from $0.29 to $0.30 per share.

Dividend amount by month

Dividend amount by year

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