I received $795.04 in taxable dividend income for June 2022. This is a $240 increase over June of last year, mostly thanks to new contributions. Although, VTI did also pay 10.9% higher dividend than this same time last year. Even if it’s only every third month, I’m very pleased that my dividend income is getting close to what I’d like to contribute each month.
June was also an active month for dividend increases – more on that below!
| ticker | total_payout_2022 | total_payout_2021 |
|---|---|---|
| VTI | $533.43 | $349.00 |
| BLK | $39.04 | $20.65 |
| MCD | $24.84 | $20.64 |
| UNH | $23.10 | $17.40 |
| NEE | $20.40 | $14.63 |
| MSFT | $16.12 | $12.88 |
| AVY | $15.00 | $10.88 |
| TRV | $14.89 | $13.20 |
| HD | $13.32 | $8.26 |
| V | $11.62 | $7.04 |
| RTX | $11.55 | $10.71 |
| AWR | $10.95 | $7.37 |
| MMM | $10.43 | $10.36 |
| NDSN | $8.67 | $3.51 |
| SO | $7.48 | $7.26 |
| NOC | $6.92 | $6.28 |
| IBM | $6.60 | $6.56 |
| JNJ | $5.65 | $5.30 |
| PFE | $5.20 | $5.07 |
| ADM | $5.20 | $4.81 |
| EMR | $4.63 | $4.54 |
| MGA | $0.00 | $9.46 |
| $795.04 | $555.82 |
I wrote about seeing ~$20 payouts from individual payers last month. I didn’t expect BLK to come through with an almost $40 payment! I’m definitely on auto-pilot so didn’t realize what was coming until I sat down to write this.
Aside from VTI’s obvious impact on my dividend income this month, I can really be excited about others like MCD, UNH, MSFT, AVY, HD, and V.
MGA shows $0 this month, but that’s because that payment got bumped up to May this year.
Dividend Growth
| percent_increase | annual_increase_dollars | |
|---|---|---|
| AVY | 10.29% | $4.48 |
| IBM | 0.61% | $0.16 |
| JNJ | 6.60% | $1.40 |
| NOC | 10.19% | $2.56 |
| RTX | 7.84% | $3.36 |
| SO | 3.03% | $0.88 |
| TRV | 5.68% | $3.00 |
| UNH | 13.79% | $9.60 |
| VTI | 2.37% | $40.84 |
| Total | $66.28 |
This months increase was dominated by my “rolling average” VTI calculation. VTI bumped their payout up almost 11% compared to this month last year, and their three-year rolling average went up 2.37%. Since this is my largest holding, it has a large effect on my calculated dividend increases.
Aside from VTI, I had respectable increases from AVY, JNJ, NOC, RTX, and UNH. By the way, UNH has become my largest non-VTI individual holding thanks to the market fluctuations recently. Let’s see if AAPL and MSFT can catch back up!
Also, did anyone notice IBM’s 0.61% increase? IBM has been a tough one to keep holding.
I would have to invest $3,945 at my current portfolio yield of 1.68% 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 | $59.71 | $67.00 | $61.99 | $56.84 | $101.67 | $42.09 | $75.06 | $54.36 | $31.38 | $30.54 | $39.28 | $688.17 |
| Total | $70.95 | $70.68 | $103.94 | $69.47 | $67.76 | $141.84 | $48.79 | $92.09 | $71.45 | $43.26 | $55.83 | $73.95 | $910.01 |
| Year: 2022 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| dividend_increases | $2.52 | $9.18 | $20.61 | $7.04 | $2.74 | $66.28 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $108.37 |
| dividend_reinvestments | $1.67 | $2.33 | $7.58 | $1.61 | $2.58 | $11.99 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $27.76 |
| new_contributions | $15.38 | $12.51 | $29.37 | $303.87 | $41.92 | $32.74 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $435.79 |
| Total | $19.57 | $24.02 | $57.56 | $312.52 | $47.24 | $111.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $571.92 |
This was an exciting month. I’m still hoping for an even more exciting December, but it will be tough to exceed June.
I’m also nearing the $800-in-a-single-month mark. If I keep up this year-over-year trend, I may reach a $1,000 month in the next year. That will definitely be a big milestone.
From a zoomed out perspective, it’s not as much fun to check my account every day as it was when it was going up every month. I also slowed down contributions just slightly due to some fun life events happening in July. I’m hoping to take advantage of these lower prices to add a few more shares of VTI and maybe some of my other favorites.
After a whirlwind of an April, May came back down to earth a bit. I’m happy and fortunate to still contribute while prices are a bit lower. I don’t think I’m retiring any time soon so I don’t have to worry as much about the recent market drops.
Otherwise, I’m just continuing with my journey in a more passive way. It’s letting me spend more time off of the computer. Each time I’m ready to contribute some funds, I just click on VTI without any thought.
Purchases – VTI
14.71 shares of Vanguard Total Stock Market Index (VTI) @ $201.61/share. Cost Basis: $2,965.83. Forward Income: $44.73/year
Nothing new – I added a few more shares of VTI, and also benefited from a hefty DRIP reinvestment. I’m now at about 717 shares of VTI. I have my sights set on two “1000” goals – 1,000 shares of VTI, and $1,000 in dividend income for a single month. These goals both line up with my recent investing strategy and are maybe 12-18 months off into the future.
The progress is looking terrific, Dozer. I especially liked all the dividend raises you noted, including 3 double-digit ones.
Your dividend income is starting to pile up. Your ‘1000’ milestones aren’t too far away at this point… striking distance, for sure.
You are really hitting VTI hard these days, as it sounds like that affords you some additional time away from the computer. I assume this means your 50/50 balance of VTI/stocks is no longer the plan? I suspect that once VTI gets to be an even larger portion of your portfolio that you’ll decide to go all in on VTI… mainly for the convenience of it. Do you foresee that, or do you think you’ll keep the individual stocks you already have?
Congrats on another good month… take care.
Thanks ED! I honestly didn’t intend to go 100% VTI, but that’s how the last few months have been. I don’t regret it though (for the convenience). I am also enjoying not being responsible for changing holdings or rebalancing over time.
Maybe it’s the recent market trend? It is also a lot easier to keep adding to VTI when some of my favorites are not doing as well.