I received $916.63 in taxable dividend income for September 2022. This was a pleasant surprise and a hefty increase over my 2021 September. The bump up came mostly from new shares of VTI which I’ve bought since then.
Some of my other favorite payers pay this month too – BLK, MCD, UNH, NEE, MSFT, AVY, and I could really keep going with more but those are the top.
I wasn’t expecting to see my first $1,000 month for a year or two, but it’s suddenly looking a lot more possible. It helps that the market is down and my purchases are giving me higher yield these days. I’ll cross my fingers I don’t see any cuts!
| ticker | total_payout_2022 | total_payout_2021 |
|---|---|---|
| VTI | $650.61 | $397.14 |
| BLK | $39.04 | $20.65 |
| MCD | $24.84 | $20.64 |
| UNH | $23.10 | $17.40 |
| NEE | $20.40 | $14.63 |
| MSFT | $16.12 | $14.56 |
| AVY | $15.00 | $10.88 |
| TRV | $14.89 | $14.08 |
| HD | $13.32 | $9.92 |
| AWR | $11.93 | $8.03 |
| V | $11.62 | $8.00 |
| RTX | $11.55 | $10.71 |
| NDSN | $11.05 | $8.67 |
| MMM | $10.43 | $10.36 |
| 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 |
| NVDA | $1.04 | $0.00 |
| MGA | $0.00 | $9.46 |
| $916.63 | $614.96 |
Aside from VTI, I’m excited about so many holdings paying me $10, $20, or more each quarter. BLK alone is paying me enough to cover my water bill this month, thanks to a few extra shares and an 18% increase since last year.
Dividend Growth
| percent_increase | annual_increase_dollars | |
|---|---|---|
| AWR | 8.90% | $3.90 |
| NDSN | 27.45% | $9.52 |
| VTI | 1.09% | $22.67 |
| Total | $36.09 |
I always look forward to the third month of each quarter for the dividend increases, and I’m very happy with what I see in September. NDSN is a low yield but huge dividend increaser. When I first bough NDSN, it payed $0.27 quarterly for about a 1% yield. It now pays $0.65 quarterly field a yield-on-cost of 2.4% for those first few shares. Meanwhile, the stock has climbed from $109.32 to $212.27 since I bought it in 2016.
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 | $6.71 | $30.00 | $36.09 | $0.00 | $0.00 | $0.00 | $181.17 |
| dividend_reinvestments | $1.67 | $2.33 | $7.58 | $1.61 | $2.58 | $11.99 | $1.95 | $2.65 | $14.26 | $0.00 | $0.00 | $0.00 | $46.62 |
| new_contributions | $15.38 | $12.51 | $29.37 | $303.87 | $41.92 | $32.74 | $46.53 | $187.15 | $88.45 | $0.00 | $0.00 | $0.00 | $757.93 |
| Total | $19.57 | $24.02 | $57.56 | $312.52 | $47.24 | $111.01 | $55.19 | $219.80 | $138.80 | $0.00 | $0.00 | $0.00 | $985.71 |
As I’d hoped, I surpassed my additional forward income of 2021. There are a few reasons – the largest of which is that VTI’s yield is actually higher than my overall portfolio yield and VTI has made up most of my purchases this year. I’m excited that I should surpass my 2019 total next month.
The market has obviously been a little hard to stomach lately. I still buy as soon as I can without any thought put into market timing. I can buy so many more shares of VTI at these prices each month! I do worry a bit about dividend cuts. I haven’t been affected by any cuts yet but I expect I may if things keep going in this direction.
Purchases – VTI
33.87 shares of Vanguard Total Stock Market Index (VTI) @ $195.92/share. Cost Basis: $6,601.60. Forward Income: $102.71/year.
Another tough look-back when VTI is now dipping under $180. If only I’d held cash the last few months and bought now instead. But, I will just keep buying regardless of price or trend. I think after 10-20 more years, these $180-$230 swings will not matter so much.
This is what happens when you consistently buy dividend stocks. You passive income tends to grow and grow. Keep up the good work and hold on to those quality names.