June 2021 Dividend Income

I received $557.47 in taxable dividend income for June 2021. This tops my previous best month by $23! And tops my monthly total from a year ago by almost $90 or 19%. The gain is due quite a bit to my hefty contributions this year, especially to VTI (which alone paid me $349 this month).

ticker total_payout_2021 total_payout_2020
VTI $349.00 $297.36
BLK $20.65 $0.00
MCD $20.64 $18.75
UNH $17.40 $13.75
NEE $14.63 $0.00
TRV $13.20 $12.75
MSFT $12.88 $11.22
AVY $10.88 $9.28
RTX $10.71 $9.97
MMM $10.36 $10.29
HD $9.91 $7.50
MGA $9.46 $8.80
AWR $7.37 $5.18
SO $7.26 $7.04
V $7.04 $6.30
IBM $6.56 $6.52
NOC $6.28 $5.80
JNJ $5.30 $5.05
PFE $5.07 $4.94
ADM $4.81 $4.68
EMR $4.54 $4.50
NDSN $3.51 $2.66
WFC $0.00 $9.69
PFG $0.00 $5.04
FLO $0.00 $0.80
$557.47 $467.88

That’s a long list of payments! At the top of my individual holdings is BlackRock (BLK), which I shifted all my old WFC, PFG, and FLO into a year ago at this time. This should be the last month those three appear on the list.

Another noticeable addition since last June is NEE, which I first started purchasing in December 2020, and now holds my #16 spot in my portfolio.

Dividend Growth

percent_increase annual_increase_dollars
AVY 9.68% $3.84
IBM 0.61% $0.16
JNJ 4.95% $1.00
NOC 8.28% $1.92
RTX 7.37% $2.94
SO 3.12% $0.88
TRV 3.53% $1.80
UNH 16.00% $9.06
VTI 0.86% $11.45
Total $33.05

I had some great increases this month (along with a few duds). This was actually my second-best month in terms of increases!

The good:

AVY tops my “good” list, with an unexpected increase (for me at least). I was a bit concerned when Avery Dennison held their dividend at $0.58/quarter for six quarters in a row, but they’ve now gotten back on schedule with their second increase in the last four quarters. After an increase from $0.58 to $0.62 and then to $0.68, AVY effectively increased their dividend by 17.2% in the last year.

UNH comes in second place on my good list this month with a 16% increase!

The bad:

IBM is just making small increases to keep their increase streak intact ($0.01 two years in a row). I bought IBM a few years ago thinking maybe I’d try to make a value play. I most often buy companies at or near their all-time highs, but IBM was one exception. Hopefully they can eventually compete in the cloud space, but it’s a pretty far leap up to the range where Amazon, Google, and Microsoft are competing these days. I hope to keep holding IBM until I retire, but I have no incentive to add to it.

At my 1.51% average portfolio yield, I’d have to invest $2,189 to generate this much additional income (wow).

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 $26.81 $60.69
dividend_reinvestments $1.88 $1.55 $10.38 $9.07 $1.78 $7.85 $-3.23 $2.50 $8.02 $1.57 $2.07 $9.03 $52.47
new_contributions $2.24 $17.81 $37.11 $-1.16 $9.41 $6.34 $-30.23 $11.93 $-0.25 $0.19 $19.35 $51.72 $124.48
Total $5.56 $28.12 $66.03 $-44.24 $-11.54 $45.27 $-29.65 $14.43 $27.24 $6.72 $42.12 $87.56 $237.62
Year: 2021 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
dividend_increases $1.08 $9.35 $28.05 $5.84 $8.98 $33.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $86.35
dividend_reinvestments $1.61 $1.62 $8.89 $1.64 $1.95 $7.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.85
new_contributions $68.26 $60.80 $67.00 $61.99 $56.84 $101.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $416.53
Total $70.95 $71.77 $103.94 $69.47 $67.77 $141.84 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $525.74

This was a good month for my forward income. I reinvested my largest month of dividend income, had my second-best month of dividend increases, and managed to double my typical contributions. My calculations tell me I added $142 in annual dividend income in June. $40 of that additional income comes from reinvestments and raises, which I consider truly passive.

I mentioned in my 2021 Goals Check-In that I hope to hit an average of $10/day in dividend income, but have quite a ways to go. Halfway through the year, I made only 44% of progress from where I stood at the start of the year. However, with June’s raises and reinvestments, I’m now 52% of the way there. I may not be out of this race yet!

I always have to give home ownership updates. I am ready to repaint and re-side some of my house next week. It won’t be cheap, but luckily my emergency fund can handle it.

Purchases – ACN, AWR, LOW, NDSN, TRV, VTI

Keeping with my 2021 goals, I added to a few of my mid-range holdings in my portfolio. The next month or two will focus more on my top holdings.

Purchased 0.54 shares of Accenture (ACN) @ $283.45/share

I have been picking a stock to reinvest dividends into until I reach a full share, then shift to another stock until I reach a full share in that one. This completes a full share of Accenture. I haven’t picked which stock to focus my attention on next.

Purchased 8.0 shares of American States Water (AWR) @ $79.03/share

AWR holding on tight after slipping from $94/share two and a half years ago. Luckily, this gives me more time to increase my shares and actually decrease my average cost from roughly $86.

Purchased 6.0 shares of Lowe’s (LOW) @ $190.03/share

Lowe’s is also down from a bit of a peak ($211 in May). I’m glad I got to snag a few more shares at a slightly lower price.

Purchased 8.0 shares of Nordson Corporation (NDSN) @ $215.58/share

Nordson has quietly been on of my best performers in my portfolio, but I tend to neglect it because it has a very low yield (0.71%) and seems to always be expensive! I have wanted to pick up a few more shares for NDSN for years, and now it sits at my #10 spot of individual holdings.

Purchased 1.0 shares of Travelers Companies (TRV) @ $145.37/share

TRV is another holding I have sort of neglected, but I can’t ignore the insurance industry. I have batted around the idea of adding Aflac, but I decided to stick with Travelers for another share.

Purchased 21.57 shares of Vanguard Total Stock Market Index Fund ETF (VTI) @ $217.80/share

I keep devoting 50% or of my new contributions to VTI. I also added 1.57 shares via reinvestment this month. In 2020, VTI outperformed my own picks by a few percent. I haven’t calculated it yet this year, but I think VTI is beating my own picks once again. I’ve thought about increasing my VTI contribution percentage to over 50% if that holds up.

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