March 2023 Dividend Income Report

This is my second income report for 2023. I am including February and March 2023 in it. 

February 2023 saw total dividends of $65.57 from 12 different companies.

4 of which had a dividend payment increase from their last payment cycle.

This is also a $23.29 decrease in dividends compared to last year February.

AT&T spin off of Warner media and the following merger with Discovery to become Warner bros discovery also led to the dividends being reduced from $0.52 to $0.2775 per share.

February 2022 dividend report

February dividend increases

  1. Abbvie increased their dividend by 7 cents from $1.41 to $1.48. This is a 5% increase.
  2.  CVS increased dividends by 10% with each share yielding $0.605, previously it was $0.55. This is the second year in a row with a dividend increase. While CVS did not cut its dividends, it did pause the dividend hikes from 2017 to 2021 after the Aetna acquisition.
  3. Nokia dividend increased from $0.019 to $0.022. Nokia’s dividend amounts historically are not consistent so this shouldn’t be totally considered as a dividend increase.

Dividends for February 2023

CompanyTickerDividend amount
General MillsGIS$1.62
CVS HealthCVS$8.47
Texas InstrumentsTXN$1.24
Sirius XMSIRI0.29
Helmrich & PayneHP0.49
Invesco S&P 500 High Div Low Volatility ETFSPHD$0.15

March 2023 dividends totaled $60.83 from 19 different companies. This is a big drop off from the March 2022 dividend when the total was $142.58. Last year Rocket company had a special dividend that paid 102.19 which did the bulk of the heavy lifting last March. You can see the March 2022 dividend report here.

March dividend changes

  1. Ford had a special dividend of separate payment
  2. Archer Daniels Midland increased its dividend from $0.40 to $0.45 per share for an awesome 12.5% increase.
  3. 3M increased their dividend by a penny, going from $1.49 to $1.50 per share. Less than a 1% increase. 
  4. Valero energy increased its dividends after 3 years. The dividend amount is $1.02 now compared to $0.98 previously.
  5. Shell increased its dividend from $0.50 to $0.575 for a big 15% increase.
  6. Gilead Sciences had a 2.7% increase. Payout now is $0.75 per share and previously it was $0.73.
  7. T. Rowe Price is a new addition to my portfolio.

Dividends for March 2023

CompanyTickerDividend amount
Wells FargoWFC$1.50
Valero EnergyVLO$1.02
Discover FinancialDFS$0.60
Exxon MobilXOM$0.91
Kinross GoldKGC$0.30
Bath & Body WorksBBWI$3.40
Kraft HeinzKHC$1.20
T. Rowe PriceTROW$10.82
Gilead SciencesGILD$1.50
Simon PropertySPG$1.80
Invesco S&P 500 High Div Low Volatility ETFSPHD$0.15

Dividend amount by month

Dividend amount by year

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