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The Retiree's Dividend Portfolio - John's September Update: Dividend Recovery

Matthew Utesch profile picture
Matthew Utesch


  • John's retirement accounts generated a total of $2,158.34 of dividend income for September 2021 vs. $2,040.30 of dividend income for September 2020.
  • John's Traditional IRA had a balance of $327,126.55 as of September 30, 2021, vs. $239,214.15 on September 30, 2020. The estimated annualized yield is 4.42%.
  • John's Roth IRA had a balance of $203,676.87 as of September 30, 2021, vs. $143,603.46 on September 30, 2020. The estimated annualized yield is 3.71%.
  • Three companies paid an increased dividend or issued a special dividend during the month of September.
  • I have included tables for tracking month-end cash balance and unrealized gain/loss for both the Traditional and Roth IRAs.

Investment management. Portfolio diversification.

Olivier Le Moal/iStock via Getty Images


For those who are interested in John and Jane's full background please click the following link here for the last time I published their full story. Here are the key details about John and

This article was written by

Matthew Utesch profile picture
**Effective 8/20/2023 I will be looking to change platforms because Seeking Alpha has indicated it will no longer support the publishing of my retirement article series John & Jane because it involved too much previous history analysis. I plan to continue this series in a video format on YouTube and apologize in advance for my delay as I build this out.https://www.youtube.com/@consistentdividendinvestor/featuredGraduated in 2011 with degrees in Pre-Law and Business Administration from Eastern Washington University. Completed my MBA at Whitworth University in May of 2017. Over the last decade, I have worked exclusively in the finance industry. I have acquired specialized knowledge in multiple areas, most notably, Secondary Marketing, Underwriting (specializing in subprime credit), and recently established an Indirect Auto Dealer Lending Program for Canopy Federal Credit Union. I am now the Director of Indirect and Retail Underwriting.Started my first Roth IRA at the age of 16, but began seriously investing closer to 2011 at the age of 22. My investment strategy is largely focused on generating retirement income from dividend-paying stocks. I do not hold any professional investment licenses, but I spend a significant amount of time educating children, teenagers, and young adults on basic finance. I also specialize in cash-flow analysis for those nearing retirement or who are in retirement.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of APLE, CONE, EPR, GD, KMI, MAIN, O, OZK, T, UMPQ, VLO, WRK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article reflects my own personal views and I am not giving any specific or general advice. All advice that is given is done so without prejudice and it is highly recommended that you do your own research. This article was written on my own and does not reflect the views or opinions of my employer.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (4)

Thank you for the update. Seems like you favor holding for now?
Any stock you would want to sell?
Matthew Utesch profile picture

Nothing at the moment that is a full-blown sell, however, there are a few positions i'd like to trim at the right price point. Going into the end of the year i'd like to build the cash reserves for flexibility to start 2022.

Looking over my list again I would part with Apple Hospitality if I don't see modest improvement (specifically a reinstating a meaningful dividend) by the end of the first quarter of 2022. The other stock I want to see improvement in is Occidental Petroleum I would like to see a modest dividend increase and share buyback authorization.
It is very nice of you to help these folks by sharing your investing knowledge. I have found that there are many John/Jane's out there and I do some significant Pro Bono work myself with family and friends.
Matthew Utesch profile picture

Finances definitely tends to intimidate people and that is why financial advisors are so attractive to the average person. Doing what you do is often enough to bridge the gap that helps the average person understand that they have the tools to do a lot for themselves (they just never realized it).

Keep up the good work with your family and friends. We may not be able to change the world but we certainly can improve it one person at a time. Thanks for reading and commenting!
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