September 2021 Dividend Income

I received $614.96 in taxable dividend income for September 2021. This is my new record for monthly dividend income! VTI is doing the heavy lifting, but I also have payouts from some of my favorite individual holdings this month (like MSFT and UNH).

I have been making larger contributions this year, but my portfolio is really starting to carry some of its own weight. My goal has always been to buy $1,000 per month in dividend stocks, and I look forward to the day that my monthly dividends cover that amount. For now, $615 in one month is a substantial chunk of that $1,000.

ticker total_payout_2021 total_payout_2020
VTI $397.14 $289.71
BLK $20.65 $7.26
MCD $20.64 $18.75
UNH $17.40 $13.75
NEE $14.63 $0.00
MSFT $14.56 $11.22
TRV $14.08 $12.75
AVY $10.88 $9.28
RTX $10.71 $9.97
MMM $10.36 $10.29
HD $9.92 $7.50
MGA $9.46 $8.80
NDSN $8.67 $2.73
AWR $8.03 $7.37
V $8.00 $6.30
SO $7.26 $7.04
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
$614.96 $454.22

Dividend Growth

percent_increase annual_increase_dollars
AWR 8.96% $2.64
NDSN 30.77% $3.36
VTI 0.12% $1.76
Total $7.76

It was a fairly quiet month for dividend increases, but will take them. If I could get 9% increases for life, I would take it. AWR came through with a strong month.

NDSN stole the show for me though with the 31% increase! Nordson was one of the first companies I ever bought. At the time, I picked up four shares with a $0.27 quarterly dividend. I neglected the holding even though it gave me excellent growth. Over the last year, I began adding more to it and look forward to continuing adding to it.

VTI’s rolling three-year average dividend grew by 0.12% this quarter. Almost nothing to talk about.

I would have to invest $521 to generate this much income at my current portfolio yield (1.49%).

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 $5.09 $15.20 $7.76 $0.00 $0.00 $0.00 $114.40
dividend_reinvestments $1.61 $1.62 $8.89 $1.64 $1.95 $7.14 $1.21 $1.83 $8.37 $0.00 $0.00 $0.00 $34.26
new_contributions $68.26 $60.80 $67.00 $61.99 $56.84 $101.65 $42.09 $75.06 $54.36 $0.00 $0.00 $0.00 $588.04
Total $70.95 $71.77 $103.94 $69.47 $67.77 $141.84 $48.39 $92.09 $70.49 $0.00 $0.00 $0.00 $736.71

I’m going to do my best to finish 2021 strong. We are now 75% of the way through, and this is the best I have felt about my five years of investing. My calculations tell me I’m crossing $300/month in average income.

I’m also diverging a bit from my focus on dividends. I do love seeing dividends come in, but I won’t be retiring any time too soon. That gives me the luxury of buying stocks without so much worrying about the yield number. However, I still think dividends are the most fun metric to track.

Another fun observation: I’m getting $50+ per month in dividends purely from passive reinvestments and raises. This is something that builds slowly with time. I wish I started investing earlier in life, but am glad I did when I did.

Purchases – AVY, NEE, LOW, VTI

4.0 shares of Avery Dennison (AVY) @ $218.90/share. Cost Basis: $875.60. Forward Income: $10.88/year

AVY gave me some concern when it didn’t increase its dividend for six consecutive quarters. Since then, they increased twice in four quarters and I was excited to keep adding.

10.0 shares of NextEra Energy (NEE) @ $85.35/share. Cost Basis: $853.50. Forward Income: $15.40/year

My newest holding in my portfolio is now also my 14th largest – ahead of MDT and behind MCD.

0.46 shares of Lowe’s (LOW) @ $207.31/share. Cost Basis: $95.67. Forward Income: $1.48/year

I rounded out a full share of Lowe’s this month via portfolio reinvestments. Time to pick another holding to build up a new share in.

11.77 shares of Vanguard Total Stock Market Index (VTI) @ $229.28/share. Cost Basis: $2,697.48. Forward Income: $33.31/year

Another month has come and gone where over 50% of my contributions went straight to VTI. (Plus DRIP reinvestment).

2 thoughts on “September 2021 Dividend Income

  1. Looking great Dozer and congrats on your record! I had something similar in my September month albeit around half of your record 🙂

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