March 2022 Dividend Income Report

Quarter 1 of 2022 is over and now we are onto looking towards Q2 of 2022. This also brings about the topic of looking at March dividends.

March, June, September and December cycle of dividends is usually the worst for me. I had mentioned this in my December income report as well. This March however has been a welcome surprise and didn’t follow the same trend.

This March has been the best month ever in dividend performance. I crossed the $100 mark for the first time so definitely a big milestone.

So overall the dividends totaled to $142.58 from 18 different companies. Most of the credit for it goes to the special dividend by Rocket companies pulling in $102.19. The special dividend from rocket was $1.01 per share paid out on March 22nd.

Dividend amounts by company

Here is the breakdown of dividends by each company.

CompanyTickerDividend amount
Well FargoWFC$1.25
FordF$1.00
Archer Daniels MidlandADM$3.60
InvescoIVZ$6.29
ValeroVLO$0.98
DiscoverDFS$0.50
Bath & Body WorksBBWI$3.40
TargetTGT$3.60
Exxon MobilXOM$0.88
WalgreensWBA$6.21
3MMMM$7.45
RocketRKT$102.19
Kinross GoldKGC$0.30
Kraft FoodsKHC$1.20
ShellSHEL$0.48
Gilead SciencesGILD$1.46
Invesco S&P 500 High Dividend Low Volatility ETFSPHD$0.14
Simon PropertySPG$1.65

There were 5 companies with dividend increases.

  • Wells Fargo dividend increased by 25%. Dividend was $0.20 per share in December and this time around was $0.25 per share.
  • Archer Daniels Midland dividend went up from $0.37 to $0.40 which is an increase of about 8.1%.
  • A massive increase 33.3% dividend in Bath & Body Works. Dividend used to be $0.15 and now its $0.20.
  • 3M had a dividend increase of 1 penny bringing it up to $1.49 per share. An increase of less than 1%.
  • Gilead science increased dividends by 2.8%, an increase of 2 cents per share in dividends.

Dividend amount by month

My previous dividend income reports did not have the amounts for January to March 2021. I went back and found my old statements to complete it for the whole 2021 year. This is really going to help with the year over year comparisons and it also makes the chart look complete.

Year over year dividend increase of a humongous 337%. The chances of seeing this level of dividends next March is probably very slim. Perhaps a more appropriate way to look at it would be by excluding the special dividend from Rocket. Year over year growth was 24% even with the special dividend removed which is still very good. 

February 2022 Dividend Income Report

Another month down and it’s time to look at February dividends. 

First feeling I got when I looked at my brokerage statement was a bit of a shock (in a good way). February dividends were above the $80 mark and I haven’t hit that number ever, so I thought there must  be a mistake. Good for me there is no mistake but I had set up a recurring purchase in AT&T and didn’t think too much into it.

Alright so for February, a total of $88.86 from 12 different companies. 

  • CVS increased its dividend by 10% and now the dividend is $0.55 per share. It was $0.50 last time around.
  • ABBV dividend increased by 8.5% and now is at $1.41 per share. This is a 11 cent increase per share in dividends.
  • I have listed a separate line item for Sirius XM. First line is for the regular dividend disbursement. The second line is for the one time special dividend that paid out $0.25 per share. This link has more details about the special dividend.

AT&T (T) – $52.23

General Mills (GIS) – $1.53

Verizon (VZ) – $2.56

CVS Health (CVS) – $7.70

Medtronic (MDT) – $0.32

Texas Instruments (TXN) – $1.15

Apple (AAPL) – $0.88

AbbVie (ABBV) – $18.33

Citibank (C) – $0.51

Sirius XM (SIRI) – $0.26

Sirius XM (SIRI) – $3.00

Helmerich & Payne (HP) – $0.25

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) – $0.14

January 2022 Dividend Income Report

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

December 2021 Dividend Income Report

2021 is over and it’s time to look at the December 2021 dividends. 

December pretty much follows the September and June cycle of dividends which were the worse performing months in the past. So it’s no big surprise that the December performance is a bit lacking.

Month over month comparisons seem a bit unfair because it’s not like the companies that gave dividends this month were the ones that gave dividends last month. I have settled for a quarter over quarter performance or rather trying to line up the same cycles. I am a bit excited since in a few months I will be able to do month over month comparisons which should take away some of the confusion.

From a dividend performance standpoint, I got dividends from 18 different companies for a total of $39.18 during the month of December. There were dividend increases from two companies and one company restarted dividends after pausing it for a while.

Exxon increased its dividend by a penny going from $0.87 in September to $0.88 in December.

Simon Property increased its dividend by 10% going from $1.50 to $1.65.

Ford restarted their dividend program and gave $0.10 per share in the month of December. Ford had stopped their dividend program in early 2020.

Wells Fargo (WFC) – $1.00

Ford (F) – $1.00

Helmerich & Payne (HP) – $0.25

Invesco (IVZ) – $6.29

Bath & Body Works (BBWI) – $2.55

Archer-Daniels-Midland (ADM) – $3.33

Valero (VLO) – $0.98

Discover (DFS) – $0.50

Exxon Mobil (XOM) – $0.88

Walgreens (WBA) – $6.21

Target (TGT) – $3.60

3M (MMM) – $7.40

Kinross (KGC) – $0.30

Kraft Heinz (KHC) – $1.20

Royal Dutch Shell (RDS.A) – $0.48

Gilead (GILD) – $1.42

Simon Property (SPG) – $1.65

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) – $0.14

November 2021 Dividend Income Report

Hey, look at that. I am doing the monthly dividend income report at a more reasonable time compared to the previous months. Hoping this is a new beginning where I am much better at doing these. I wouldn’t bet on it just yet, not until I can string a few months together. 

Let’s take a look at how November was, a total of $54.84 in dividends from 10 different companies.

No dividend decreases from the last time around. I am comparing it against the August 2021 dividends since that is how the quarterly cycles work out. Definitely good news.

To make this better there were 3 dividend increases.

Verizon dividend increased by a tiny smidge over 2%. Dividend per share went from $0.627 to $0.64 per share.

Texas Instruments by a whopping 12.7%. It was $1.02 in August and November was $1.15.

And finally, Sirius XM dividend increased from $0.015 to $0.022 for an increase of 47%.

General Mills (GIS) – $1.53

Verizon (VZ) – $2.56

AT&T (T) – $23.92

CVS Health (CVS) – $7.00

Apple (AAPL) – $0.88

Texas Instruments (TXN) – $1.15

AbbVie (ABBV) – $16.90

Citibank (C) – $0.51

Sirius XM (SIRI) – $0.26

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) – $0.13

October 2021 Dividend Income Report

I am getting to this pretty early in the month compared to my usual timeframe. I think I posted the September income report like a week ago. It’s one of the better months of dividend income and definitely a big upgrade to the September numbers. A total of $66.42 in dividends from 11 different companies.

There was only one dividend increase, Altria raised its dividend by 4.65% from $0.86 to $0.90 per share.

Iron Mountain (IRM) – $9.90

Seagate Technology (STX) – $5.36

Altria (MO) – $24.30

Occidental Petroleum (OXY) – $1.05

Franklin Resources (BEN) – $1.96

Cardinal Health (CAH) – $0.49

Medtronic (MDT) – $1.26

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) – $0.13

Previous Months Dividend Income reports

September 2021

August 2021

July 2021

September 2021 Dividend Income Report

It’s early November and I am just getting to the September income report now. I have continued with being late to these.

September was closer to one of the worse months with a total of $37.76 in dividends from 16 different companies. Only June was worse than September. There is a good reason for this since most of the companies that paid out dividends in June paid in September as well. 

Dividend increases by 6 companies.

Wells Fargo raised its dividend by 100% from $0.10 to $0.20 per share.

Discover raised its dividend by 13.6% from $0.44 to $0.50 per share.

Target dividend increased by 32.3% making it $0.90 per share; it was $0.68 per share last time around.

A bit over a 2% increase in Walgreens dividend, $0.4675 to $0.4775.

Royal Dutch Shell increased its dividend 37% from $0.35 to $0.48.

Simon property by 7.1% from $1.40 to $1.50 per share.

Wells Fargo (WFC) – $1.00

Invesco (IVZ) – $6.29

Valero (VLO) – $0.98

Discover (DFS) – $0.50

Kinross (KGC) – $0.30

Bath & Body Works (BBWI) – $2.55

Archer-Daniels-Midland (ADM) – $3.33

Exxon Mobil (XOM) – $0.87

Target (TGT) – $3.60

Walgreens (WBA) – $6.21

3M (MMM) – $7.40

Royal Dutch Shell (RDS.A) – $0.48

Kraft Heinz (KHC) – $1.20

Gilead (GILD) – $1.42

Simon Property (SPG) – $1.50

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) – $0.13

August 2021 Dividend Income Report

Another month has passed and it’s time again to update the monthly dividend income reports. I am making a habit of doing the dividend reports pretty late. I should probably have that as my new year’s resolution. 

August was a worse month than July. A total of $54.83 in dividends from 11 different companies.

No Dividend increases or decreases this month. Just the usual fluctuations in the SPHD dividend

General Mills (GIS) – $1.53

Verizon (VZ) – $2.51

AT&T (T) – $23.92

CVS Health (CVS) – $7.00

Texas Instruments (TXN) – $1.02

Apple (AAPL) – $0.88

AbbVie (ABBV) – $16.90

Citibank (C) – $0.51

Sirius XM (SIRI) – $0.18

Helmerich & Payne (HP) – $0.25

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) – $0.13

July 2021 Dividend Income Report

Another month has passed and it’s time again to update the monthly dividend income reports. July was a better month than June with almost double the amount in Dividends. A total of $64.97 in dividends from 12 different companies.

Dividend increases from 3 companies.

Cardinal health raised its dividend by 1% from $0.486 to $0.491 per share. 

Medtronic by 5.8% from $0.58 to $0.63 per share.

Simon property by 7.7% from $1.30 to $1.40 per share. Added bonus with Simon Property is it looks like there will be another dividend increase to $1.50 for the next payout which is scheduled on 09/30/2021.

General electric is not part of the portfolio anymore after the 1 for 8 reverse split that went into effect on August 2nd. I think my brokerage (Robinhood) automatically sold it since I only had 5 shares and it wasn’t enough to form one share after the reverse split. 

Iron Mountain (IRM) – $9.90

Seagate Technology (STX) – $5.36

Altria (MO) – $23.22

Occidental Petroleum (OXY) – $1.05

Franklin Resources (BEN) – $1.96

Cardinal Health (CAH) – $0.49

Medtronic (MDT) – $1.26

Simon Property (SPG) – $1.40

General Electric (GE) – $0.05

Cisco Systems (CSCO) – $0.37

Annaly Capital Management (NLY)  – $19.80

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) – $0.11

June 2021 Dividend Income Report

It’s almost August and I didn’t do my June dividend income report. Pretty late to the party. June looks like a slower month with $34.80 in dividends from 16 different companies, the lowest haul after I started tracking dividends here. 

Most of these shares were bought more than a year ago. Some of them are closer to 5 years. That was when I was too scared to commit a lot of money to buy shares in one company. So I would usually do onesie-twosie shares and that is pretty clear here with dividends less than a buck from half of the companies in the list below. 

Wells Fargo (WFC) – $0.50

Helmerich & Payne (HP) – $0.25

Invesco (IVZ) – $6.29

Discover Financial Services (DFS) – $0.44

Valero (VLO) – $0.98

Archer-Daniels-Midland (ADM) – $3.33

Exxon Mobil (XOM) – $0.87

Target (TGT) – $2.72

Walgreens (WBA) – $6.08

3M (MMM) – $7.40

Kinross Gold (KGC) – $0.30

L Brands (LB) – $2.55

Royal Dutch Shell (RDS.A) – $0.35

Kraft Heinz (KHC) – $1.20

Gilead Sciences (GILD) – $1.42