November 2021 Dividend Income

I received $162.53 in taxable dividend income for November 2021. I’m pretty astounded at the increase over this month last year – 42%. I wasn’t expecting this, so I did a double check and sure enough, I’m reaping some rewards of large contributions and dividend hikes.

The second month of each quarter isn’t my biggest, but it is filled with some of my favorite stocks. Three of my top six holdings by market value pay dividends this month.

If I can keep up this pace, I might be over $200/month in the second month of each quarter by this time next year. This might be a goal I’ll set for 2022.

ticker total_payout_2021 total_payout_2020
TXN $27.60 $17.34
LOW $24.00 $11.29
ABBV $19.50 $17.70
PG $18.27 $10.28
SBUX $18.13 $11.70
ACN $16.50 $10.76
VZ $10.88 $10.67
HRL $10.54 $10.00
APPL $10.34 $8.20
HAS $4.08 $4.08
CL $2.70 $2.64
$162.53 $114.66

Dividend Growth

percent_increase annual_increase_dollars
ACN 10.23% $1.08
SBUX 8.89% $4.16
TXN 12.74% $3.12
VZ 1.99% $0.85
Total $9.21

Starbucks and Texas Instruments came through big for me.

Accenture did as well with a double-digit increase, but the low yield didn’t produce as much forward income.

Verizon gave slightly more of an increase than I would have expected given the sector they are in. I check in on AT&T sometimes and am slightly happy to own Verizon instead, but I’m glad I haven’t put much investment into it since my original purchase.

I would have to invest $653 at my current portfolio yield of 1.41% to produce 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 $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 $9.21 $0.00 $132.05
dividend_reinvestments $1.61 $1.62 $8.89 $1.64 $1.95 $7.14 $1.21 $1.83 $8.37 $0.92 $1.73 $0.00 $36.91
new_contributions $68.26 $60.80 $67.00 $61.99 $56.84 $101.65 $42.09 $75.06 $54.36 $31.38 $30.11 $0.00 $649.53
Total $70.95 $71.77 $103.94 $69.47 $67.77 $141.84 $48.39 $92.09 $70.49 $40.74 $41.05 $0.00 $818.50

I haven’t measured up against my 2021 goals since my halftime check-in, but I’m fairly sure I’ve managed to hit all of them. I keep adding 50%+ of new contributions to VTI, but my other portion can go anywhere. I forfeited a bit of forward income in exchange for a bit more NVDA for the second month in a row. Hence my lower forward income boosts in October and November.

Purchases – BLK, NVDA, VTI

0.16 shares of BlackRock (BLK) @ $953.79/share. Cost Basis: $154.19. Forward Income: $2.67/year

I keep adding my dividends into partial shares of BLK until I get a full share. In the last few months, I’ve picked up 0.39 shares.

4.0 shares of Nvidia (NVDA) @ $344.20/share. Cost Basis: $1,376.80. Forward Income: $0.64/year

In the far, distant past (October 2021), NVDA was in the mere $230s per share. I could have just not added to it and kept my nice cost basis, but I want to grow this holding. Even if I have to pay in the $340s this month.

10.0 shares of Vanguard Total Stock Market Index (VTI) @ $242.69/share. Cost Basis: $2,426.90. Forward Income: $28.53/year

I am almost on auto-invest for VTI. I’m putting in a bit more than 50% of all contributions toward VTI, especially as its share price grows. I could scale back a bit if I wanted to, but I’m happy to stay on this track.

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