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 dividend increases
- Abbvie increased their dividend by 7 cents from $1.41 to $1.48. This is a 5% increase.
- 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.
- 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
| Company | Ticker | Dividend amount |
| General Mills | GIS | $1.62 |
| Verizon | VZ | $2.61 |
| AT&T | T | $27.87 |
| CVS Health | CVS | $8.47 |
| Apple | AAPL | $0.92 |
| AbbVie | ABBV | $19.24 |
| Nokia | NOK | $2.16 |
| Texas Instruments | TXN | $1.24 |
| Citigroup | C | $0.51 |
| Sirius XM | SIRI | 0.29 |
| Helmrich & Payne | HP | 0.49 |
| Invesco S&P 500 High Div Low Volatility ETF | SPHD | $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
- Ford had a special dividend of separate payment
- Archer Daniels Midland increased its dividend from $0.40 to $0.45 per share for an awesome 12.5% increase.
- 3M increased their dividend by a penny, going from $1.49 to $1.50 per share. Less than a 1% increase.
- Valero energy increased its dividends after 3 years. The dividend amount is $1.02 now compared to $0.98 previously.
- Shell increased its dividend from $0.50 to $0.575 for a big 15% increase.
- Gilead Sciences had a 2.7% increase. Payout now is $0.75 per share and previously it was $0.73.
- T. Rowe Price is a new addition to my portfolio.
Dividends for March 2023
| Company | Ticker | Dividend amount |
| Wells Fargo | WFC | $1.50 |
| Ford | F | $8.00 |
| Invesco | IVZ | $6.94 |
| Valero Energy | VLO | $1.02 |
| Archer-Daniels-Midland | ADM | $4.05 |
| Discover Financial | DFS | $0.60 |
| Exxon Mobil | XOM | $0.91 |
| Target | TGT | $4.32 |
| Walgreens | WBA | $6.24 |
| 3M | MMM | $7.50 |
| Kinross Gold | KGC | $0.30 |
| Bath & Body Works | BBWI | $3.40 |
| Kraft Heinz | KHC | $1.20 |
| T. Rowe Price | TROW | $10.82 |
| Shell | SHEL | $0.58 |
| Gilead Sciences | GILD | $1.50 |
| Simon Property | SPG | $1.80 |
| Invesco S&P 500 High Div Low Volatility ETF | SPHD | $0.15 |
Dividend amount by month
Dividend amount by year
