I received $114.66 in taxable November 2020 dividend income. November is usually a down month, but this was a month of fireworks for me.
Breaking $100 in monthly dividends is nice, but this is the best dividend increase month for me since June, and since last December before that. Dividend increases alone will give me $20.70 extra per year going forward.
The fireworks are happening because I accepted a new job. I’m super pumped about the new work I’ll be doing. I’ll have a bit more disposable (aka investable) income. I’m also getting a 401k match. A cascading effect is that I maxed out my 2020 401k with some extra contributions this month because of the end-of-year timing with the new job.
I had been building up my savings lately, but I splurged on a few purchases this month to celebrate the new job.
| ticker | total_payout_2020 | total_payout_2019 |
|---|---|---|
| ABBV | $17.70 | $16.05 |
| TXN | $17.34 | $15.30 |
| SBUX | $11.70 | $10.66 |
| LOW | $11.29 | $9.90 |
| ACN | $10.76 | $7.20 |
| VZ | $10.67 | $10.46 |
| PG | $10.28 | $5.97 |
| HRL | $10.00 | $5.04 |
| AAPL | $8.20 | $7.70 |
| HAS | $4.08 | $4.08 |
| CL | $2.64 | $2.58 |
| RTN | $0.00 | $8.48 |
| $114.66 | $103.41 |
The biggest year-to-year difference is that I built up PG, HRL, and ACN, while shifting RTN’s payout month to RTX’s. Between the new contributions and a few other nice dividend raises, my November dividend income went up 11% (even while absorbing the lack of an RTN payment).
Dividend Growth
| percent_increase | annual_increase_dollars | |
|---|---|---|
| VZ | 2.03% | $0.85 |
| LOW | 9.09% | $3.76 |
| ACN | 10.00% | $3.77 |
| TXN | 13.33% | $8.16 |
| SBUX | 9.76% | $4.16 |
| Total | $20.70 |
These are the kind of numbers I really enjoy. 9%+ for four of my larger holdings. My taxable portfolio yield is sitting at 1.72% right now (partly thanks to 0’s from Disney and Boeing). At 1.72% yield, I’d have to contribute $1,203 to generate this much income.
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 | $22.83 | $3.01 | $5.04 | $13.20 | $6.44 | $2.61 | $29.35 | $139.83 |
| dividend_reinvestments | $2.47 | $-12.99 | $3.47 | $2.02 | $2.05 | $4.22 | $1.80 | $1.60 | $6.79 | $1.78 | $1.78 | $9.57 | $24.56 |
| new_contributions | $-0.30 | $6.03 | $0.02 | $1.06 | $0.03 | $-0.51 | $188.35 | $276.00 | $147.06 | $93.04 | $146.50 | $32.79 | $890.06 |
| Total | $9.17 | $-3.86 | $40.20 | $7.63 | $8.07 | $26.54 | $193.16 | $282.64 | $167.05 | $101.26 | $150.89 | $71.71 | $1,054.46 |
| Year: 2020 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| dividend_increases | $1.44 | $8.76 | $18.54 | $-52.15 | $-22.73 | $31.08 | $3.81 | $0.00 | $19.47 | $4.96 | $20.70 | $0.00 | $33.88 |
| dividend_reinvestments | $1.88 | $1.55 | $10.38 | $9.07 | $1.78 | $7.85 | $-3.23 | $2.50 | $8.02 | $1.57 | $2.07 | $0.00 | $43.44 |
| new_contributions | $2.24 | $17.81 | $37.11 | $-1.16 | $9.41 | $6.34 | $-30.23 | $11.93 | $-0.25 | $0.19 | $19.35 | $0.00 | $72.75 |
| Total | $5.56 | $28.12 | $66.03 | $-44.24 | $-11.54 | $45.27 | $-29.65 | $14.43 | $27.24 | $6.72 | $42.12 | $0.00 | $150.06 |
My chart is heading in the right direction again after some 2020 bumps. I’m happy I seem to be escaping 2020 with a net improvement. My contributions have been a bit weak, but my new job symbolically marks the finishing of a career transition I started back in March 2019.
I still have one more month to finish on a strong note, and hope for more contributions in 2021 and the future.
Purchases – ACN, BLK, VTI
Purchased 0.58 shares of Accenture (ACN) @ $241.96/share
I had been piling up small fractions in ACN for a little while, and the 0.58 shares rounded me out to a whole number. This was mostly funded with dividend reinvestments.
Purchased 0.73 shares of BlackRock (BLK) @ $672.36/share
This was my big new contribution in November. Not much in share volume, but BLK has quickly shot up recently. I’m glad I was able to get in when I did, and I want to round myself out to three whole shares soon.
Purchased 3.0 shares of Vanguard Total Stock Market (VTI) @ $182.29/share
Any time I add to my individual stocks, I add an equal amount to VTI. I’m sad and happy to admit that VTI has really outperformed my own picks. It would be interesting to chart it, but I think VTI has outperformed my own picks by around 5% since summer. Instead of trying to re-balance to 50/50, I’m going to keep adding equal amounts of my own individual picks and VTI. Let the winners run, right?
Head on over to my portfolio page if you’d like to see what companies pay me in other months!