I received $117.35 in taxable dividend income for October 2021. Aside from RSG and MDT, I haven’t added too many shares to this month’s holdings in the last year. On top of that, this group of stocks doesn’t typically raise as high as some of my other holdings. Nevertheless, I’m glad to see a roughly 15% increase since last year at this time!
| ticker | total_payout_2021 | total_payout_2020 |
|---|---|---|
| RSG | $22.08 | $12.75 |
| MO | $18.90 | $18.06 |
| MDT | $16.38 | $13.92 |
| KO | $13.02 | $12.71 |
| KMB | $9.12 | $8.56 |
| IFF | $8.69 | $8.47 |
| CINF | $8.19 | $7.80 |
| CSCO | $7.40 | $7.20 |
| CAH | $7.36 | $7.29 |
| EMN | $6.21 | $5.94 |
| $117.35 | $102.70 |
Dividend Growth
| percent_increase | annual_increase_dollars | |
|---|---|---|
| IFF | 2.60% | $0.88 |
| MO | 4.65% | $3.36 |
| RSG | 8.23% | $4.20 |
| Total | $8.44 |
I have really grown to like RSG (Republic Services). They are a competitor to Waste Management, and I see their trucks around quite a bit. As population grows, so does our garbage! An 8.23% increase isn’t bad.
MO (Altria) was more generous than I’d expect with a 4+% increase since they already yield over 7% and have a 140% payout ratio. This is a great example of a high-yielding stock I bought when I first started investing. I would probably not confidently buy this today, but I don’t have too much invested so I’ll just let it ride.
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 | $8.44 | $0.00 | $0.00 | $122.84 |
| dividend_reinvestments | $1.61 | $1.62 | $8.89 | $1.64 | $1.95 | $7.14 | $1.21 | $1.83 | $8.37 | $0.92 | $0.00 | $0.00 | $35.18 |
| new_contributions | $68.26 | $60.80 | $67.00 | $61.99 | $56.84 | $101.65 | $42.09 | $75.06 | $54.36 | $31.38 | $0.00 | $0.00 | $619.42 |
| Total | $70.95 | $71.77 | $103.94 | $69.47 | $67.77 | $141.84 | $48.39 | $92.09 | $70.49 | $40.74 | $0.00 | $0.00 | $777.45 |
I’m quite close to meeting one of my goals for this year – $10/day in average dividend income. This is a completely arbitrary, nice round number I picked. To do that, I would need about $304 in average monthly dividend income.
My forward dividend income chart (above) tells me I’m currently at $302.86/month. This is without counting any dividend increases I get the rest of the year, plus any contributions I make before the new year. I’m happy to be on track to hit this goal! I’ll cross my fingers I don’t have any unexpected dividend cuts.
Purchases – AVY, NEE, LOW, VTI
0.13 shares of BlackRock (BLK) @ $865.92/share. Cost Basis: $113.62. Forward Income: $2.17/year
I’m diverting my dividend payments to buy partial shares of BlackRock until I add one whole share. Since its share price is high, this could take me multiple months.
6.0 shares of Medtronic (MDT) @ $126.89/share. Cost Basis: $761.34. Forward Income: $0.96/year
I’m looking forward to holding Medtronic for the long term, and am glad to add a few shares this month. As the population bubble gets older, I think Medtronic will benefit.
4.0 shares of Nvidia (NVDA) @ $230.71/share. Cost Basis: $922.84. Forward Income: $0.64/year
This is the biggest news of the month. I began a new holding with 4 shares of Nvidia. I’ve had them on my watch list for years, but they didn’t fit my typical dividend profile. They don’t raise their dividend annually, and their yield is almost non-existent. I’m happy to buy companies who yield under 1%, but Nvidia was even lower than I usually will go.
I want to branch off a bit from my pure dividend growth model. I somewhat have already by holding BA and DIS after their cuts, and also by making VTI the bulk of my portfolio.
Nvidia has put themselves in such a great position in a growth area. I’ve also seen more worth in growth investing as my investing experience goes on. I’ll probably double or triple this holding in the next few months.
10.0 shares of Vanguard Total Stock Market Index (VTI) @ $231.09/share. Cost Basis: $2,310.90. Forward Income: $28.53/year
VTI came through for me big last month, powering my best dividend income ever. Here are another brainless couple of shares to add to the pile.
Nice results Dozer!
I really love your graph on forward income and the diffrences between adding capital and for exampe dividend raises. I might do something similar in future reports!