I received $676.55 in taxable dividend income for March 2022. My heavy VTI contributions keep on lifting up my third month of each quarter. I also got some nice help from hefty increases all across the board which I’ll get into soon.
March was another month on auto-pilot. I was able to contribute a typical amount for me, and I made the same purchases I’ve been making lately (VTI and NVDA). As far as passive income growth goes, I noticed my 2022 year-to-date passive income is growing almost equally due to contributions versus reinvestments/raises.
| ticker | total_payout_2022 | total_payout_2021 |
|---|---|---|
| VTI | $429.32 | $319.18 |
| BLK | $28.88 | $16.52 |
| MCD | $22.08 | $19.35 |
| NEE | $20.40 | $13.86 |
| UNH | $17.40 | $14.15 |
| MSFT | $16.12 | $12.32 |
| TRV | $14.09 | $12.75 |
| AVY | $13.60 | $9.92 |
| V | $11.62 | $6.72 |
| HD | $11.42 | $9.90 |
| AWR | $10.95 | $7.37 |
| RTX | $10.71 | $9.97 |
| MMM | $10.43 | $10.36 |
| MGA | $9.90 | $9.46 |
| NDSN | $8.67 | $3.51 |
| SO | $7.26 | $7.04 |
| IBM | $6.56 | $6.52 |
| NOC | $6.28 | $5.80 |
| JNJ | $5.30 | $5.05 |
| PFE | $5.20 | $5.07 |
| ADM | $5.20 | $4.81 |
| EMR | $4.63 | $4.54 |
| NVDA | $0.52 | $0.00 |
| SBUX | $0.00 | $11.70 |
| $676.55 | $525.88 |
Dividend Growth
| percent_increase | annual_increase_dollars | |
|---|---|---|
| ADM | 8.11% | $1.56 |
| BLK | 18.16% | $16.24 |
| HD | 15.15% | $5.01 |
| MGA | 4.65% | $1.76 |
| MMM | 0.68% | $0.28 |
| NEE | 10.39% | $7.68 |
| PFE | 2.56% | $0.52 |
| VTI | -0.74% | $-12.44 |
| Total | $20.61 |
I felt like dividend increases were a bit sparse in January and February, but March has made up for it. Four payers increased more than 8%, with BLK adding $16+ to my annual dividend income by a raise alone.
Side note – my VTI increase is based on a three-year rolling average. The March 2022 payout is less than the March 2019 payout, so that’s why I have a negative value for VTI. Despite this, my other March increases really came through for me.
I would have to invest $1,421 at my current portfolio yield of 1.47% 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 | $8.97 | $33.05 | $5.49 | $15.20 | $8.72 | $10.96 | $23.99 | $27.55 | $178.25 |
| dividend_reinvestments | $1.61 | $1.62 | $8.89 | $1.64 | $1.95 | $7.12 | $1.21 | $1.83 | $8.37 | $0.92 | $1.30 | $7.12 | $43.58 |
| new_contributions | $68.26 | $60.80 | $67.00 | $61.99 | $56.84 | $101.67 | $42.09 | $75.06 | $54.36 | $31.38 | $30.54 | $39.28 | $689.25 |
| Total | $70.95 | $71.77 | $103.94 | $69.47 | $67.76 | $141.84 | $48.79 | $92.09 | $71.45 | $43.26 | $55.83 | $73.95 | $911.10 |
| Year: 2022 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| dividend_increases | $2.52 | $9.18 | $20.61 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $32.31 |
| dividend_reinvestments | $1.67 | $2.38 | $7.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.08 |
| new_contributions | $15.38 | $12.77 | $18.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $46.35 |
| Total | $19.57 | $24.33 | $45.84 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $89.74 |
I mentioned this above, but my total forward income has increased by $89.74 so far in 2022. Of that, $46.35 was thanks to new contributions, but the other $43.39 has come from raises and reinvestments! When I started really investing in 2016, I dreamed of this happening. My portfolio is nearly putting in as much effort as I am so far in 2022. (At least over these last three months).
There are a few “gotchas” when considering how much effort my portfolio pulls. I’ve been making lower-yield purchases, such as NVDA (0.06% yield). If my new contributions increase, my portfolio’s effort will also look a big lower comparatively. So, I probably won’t celebrate this too much for a few more years when hopefully it will be undeniable that my portfolio is doing all the heavy lifting.
Purchases – BLK, NVDA, VTI
0.08 shares of BlackRock (BLK) $703.46/share. Cost Basis: $57.01. Forward Income: $1.58/year
I’m finally at one entire new share of BLK thanks to reinvested dividends and partial share purchases. More notably, this gave me whole shares for all my Robinhood holdings. I decided to stop contributing to my Robinhood account around this time last year. Now with all whole shares, I was able to do an easy transfer to my other, more established brokerage.
3.0 shares of NVIDIA (NVDA) @ $221.44/share. Cost Basis: $664.32. Forward Income: $0.48/year
After a huge price spike a few months ago, NVDA dropped over a third of its value and I picked up a few more shares. I’m playing a little bit of catch-up on NVDA after superficially ignoring it because it didn’t fit my dividend income goals. I recently made a new goal to consider more growth, and these NVDA purchases are the result. The purchases don’t bump my current annual dividend income much, but I’m hoping it pays off in other ways.
7.88 shares of Vanguard Total Stock Market Index (VTI) @ $216.70/share. Cost Basis: $1,708.28. Forward Income: $23.17/year
I always love months where VTI DRIPs me a few more shares. This month, I got 1.88 extra shares just in dividend reinvestments.
Another solid month. Your graph says it all… moving up and to the right in terms of dividend income. I kind of feel the same way as you regarding dividend increases so far in 2022… seems unimpressive. Like that token MMM raise and others too. As long as our passive income continues to grow all is well though inflation rates continue to rob all our collective work energy. Keep up the good work.
Great report Dozer. $676.55 is nothing to snooze at.
I really like the chart you showed on the forward annual dividends. It’s intuitive and easy to follow. I’m looking forward to future reports Dozer.
How do you create such beautiful graphs? is there a template you can share?
thanks
Viral S
Hey Viral, I do want to share my template someday, but it’s pretty messy behind the scenes. But, I use Python and Plotly 🙂
That’s a hefty VTI dividend, Dozer. You are building that position quite nicely.
Congrats on the sizable pile of dividends you collected in March overall.
Three double-digit dividend raises is nice to see. I was able to share in the ones from BLK and NEE.