August 2020 Dividend Income

I received $104.65 in taxable August 2020 dividend income. On one hand, I laid a goose egg on dividend raises this month. I had zero dividend raises for a total of zero dollars in future income. This is the first time in four years of dividend growth investing that I can say that! On the other hand, my portfolio value got back to where it was before the drop in February. What a strange month!

Despite the big zero in increases, dividends continued to come in. I also crossed the $5k mark for the first time with two holdings – AAPL and MSFT (both due to their huge growth). This really doesn’t mean anything other than a mental boost. Hopefully it translates into some nice dividend increases in the future!

ticker aug_2020 aug_2019
ABBV $17.70 $16.05
TXN $15.30 $13.09
SBUX $10.66 $8.64
VZ $10.46 $10.24
LOW $10.35 $9.90
ACN $9.42 $0.00
HRL $8.85 $4.20
AAPL $8.20 $6.16
PG $6.99 $3.73
HAS $4.08 $4.08
CL $2.64 $2.58
RTN $0.00 $8.48
$104.65 $87.15

I added a year-over-year comparison. RTN is now RTX and pays in a different month. ACN didn’t pay quarterly at this time last year. Those two changes almost balance each other out, leaving PG and HRL as having the most impact on getting me from $87 to $105. I have been adding to HRL and PG recently and look forward to more significant payments from them each quarter.

Dividend Growth

percent_increase annual_increase_dollars
Total $0.00

This is just sad! Looking back at last year, my only raise in August was from Lowe’s. Even though Lowe’s is a dividend champion with 57 years of dividend growth, they decided to skip a quarter before announcing another increase this year. They recently did announce a 9% increase for November’s payment. It will be interesting to see if 2021’s increase comes in August or November.

Forward Dividend Income

Year: 2019 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
dividend_increases $7.00 $3.10 $36.71 $4.55 $5.99 $18.01 $3.01 $5.04 $13.20 $6.44 $2.61 $29.35 $135.01
dividend_reinvestments $2.30 $1.96 $5.59 $2.08 $2.32 $4.94 $2.35 $2.05 $8.64 $2.27 $2.43 $12.52 $49.45
new_contributions $-0.13 $-8.92 $-2.10 $1.00 $-0.24 $-1.23 $187.80 $275.55 $145.21 $92.55 $145.85 $29.84 $865.18
Total $9.17 $-3.86 $40.20 $7.63 $8.07 $21.72 $193.16 $282.64 $167.05 $101.26 $150.89 $71.71 $1,049.64
Year: 2020 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
dividend_increases $1.44 $8.76 $18.08 $-52.15 $-22.73 $31.08 $3.81 $0.00 $0.00 $0.00 $0.00 $0.00 $-11.71
dividend_reinvestments $2.68 $2.28 $9.92 $2.48 $2.33 $10.96 $2.51 $2.46 $0.00 $0.00 $0.00 $0.00 $35.62
new_contributions $1.44 $17.08 $37.57 $5.43 $8.86 $3.23 $-35.97 $11.83 $0.00 $0.00 $0.00 $0.00 $49.47
Total $5.56 $28.12 $65.57 $-44.24 $-11.54 $45.27 $-29.65 $14.29 $0.00 $0.00 $0.00 $0.00 $73.38

Purchases – PG and MDT

Purchased 4.16 shares of Proctor & Gamble (PG) @ $131.45/share

I still want to add a more to PG, but this was a good chunk and brings me to 13 shares, or about $1,800 in current value. While I watch my tech stocks skyrocket, I want to keep some balance with consumer goods.

PG – Proctor & Gamble

Purchased 0.39 shares of Medtronic (MDT) @ $102.69/share

After rounding out my PG holding to an even 13 shares, I added a fraction of MDT. Similar to PG, I like the consistent future of medical equipment and have enjoyed building up MDT.

MDT – Medtronic

Head on over to my portfolio page if you’d like to see what companies pay me in other months!

3 thoughts on “August 2020 Dividend Income

  1. Great work! Always feels good to get three-figure income in a month. ABBV is also one of my main positions – love getting a high yield from a company with so much potential. Keep up the good work!

  2. Another triple digit month, Dozer…love seeing that. I have some good overlap with you from August, as I own 6 of your top 9 dividend payers.
    Sorry to hear about the lack of increases this month, but thanks to TXN’s recent raise announcement, you won’t have to worry about that in November.
    Keep plugging along…and watch that income grow.

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