January 2021 Dividend Income
Dividend Investing, Dividend Growth Investing, Long-Term Horizon
Seeking Alpha Analyst Since 2013
Hi, my name is Kody. I run Kody's Dividends. As you might guess, this is a blog primarily documenting my journey towards financial independence using dividend growth investing as the means to transform the dream of financial independence into a reality.
I am forever indebted to this community because it helped me transition from simply being an investor to being an analyst for The Motley Fool back in June 2021 under my real name of Kody Kester. As a display of my gratitude, I will still be writing one article a month for SA starting in July 2022.
Summary
- My $80.26 in net dividends received in January 2021 represent a 6.0% quarterly growth rate compared to the $75.70 in net dividends received in October 2020.
- What's more, this represents a 75.2% YoY growth rate compared to the $45.81 in net dividends received in January 2020.
- Since my capital deployment schedule is back to its usual $1,500-$2,000/month, I expect my net dividends for April to reach $90 and surpass $100 in July.
Another month has passed us by and the weather here in Central Wisconsin remains well above average for this time of year. The next few days are expected to reach the 20s Fahrenheit, which sure beats the sub-zero temperatures that typically manifests itself this time of year where I live!
With that aside, I will be delving into the intent of this post, which is to outline my dividend income received in January 2021.
During the month of January 2021, I received $80.26 in net dividends.
Against the $75.70 in net dividends that were received in October 2020, this equates to a 6.0% quarterly growth rate.
Additionally, the net dividends collected in January 2021 represent 75.2% YoY growth compared to the $45.81 in net dividends received in January 2020.
Breaking this down by account, I received $70.24 in net dividends from 18 companies in my Robinhood portfolio, $9.78 in net dividends from 5 companies in my Webull portfolio, and $0.24 in net dividends from 11 companies in my M1 Finance portfolio.
The following activity within my portfolios resulted in a $4.56 increase in my net dividends from October 2020 to January 2021:
| October 2020 Webull/M1 Finance/Robinhood Dividends & Robinhood Gold Expenses | January 2021 Webull/M1 Finance/Robinhood Dividends & Robinhood Gold Expenses |
| GEO: $5.44 | GEO: $0.00 |
| GSK: $3.40 | GSK: $3.57 |
| PM: $10.80 | PM: $12.00 |
| EMN: $2.64 | EMN: $2.76 |
| PEP: $0.00 | PEP: $2.07 |
| CSCO: $0.00 | CSCO: $3.96 |
| O: $1.64 | O: $2.11 |
| WPC: $5.22 | WPC: $6.28 |
| DLR: $0.00 | DLR: $3.36 |
| Robinhood Gold/Interest Expense: ($5.97) | Robinhood Gold/Interest Expense: ($8.38) |
Due to the timing of The GEO Group's (GEO) dividend, my net dividends received declined $5.44 across my Robinhood and Webull portfolios.
Due to GlaxoSmithKline's (GSK) dividend payment schedule, my net dividends received increased $0.17 in my Robinhood portfolio.
As a result of my purchase of an additional share of Philip Morris International (PM), my dividends received were boosted by $1.20 in my Robinhood portfolio.
My dividends received from Eastman Chemical Company (EMN) increased $0.12 as a result of its recent dividend increase in my Robinhood portfolio.
As a result of the timing of PepsiCo's (PEP) dividend, my dividends were $2.07 higher across my Robinhood and M1 Finance portfolios.
I also received my first dividend from Cisco (CSCO) in my Robinhood portfolio since my purchase last November, which boosted my dividend income by $3.96.
My dividends received from Realty Income (O) increased by $0.47 in my Robinhood portfolio, which was due to my recent purchase of another 2 shares.
I also received an additional $1.06 in dividends from W.P. Carey (WPC) in my Robinhood portfolio as a result of its recent dividend increase and my recent purchase of an additional share.
As a result of the timing of Digital Realty's (DLR) dividend in my Robinhood portfolio, my net dividends were boosted $3.36.
Finally, my net dividends decreased $2.41 as a result of an increase in my Robinhood margin used.
Concluding Thoughts:
My net dividends continue to steadily progress as I set yet another record in terms of dividend income for the first month of a quarter.
Since I am returning to my usual capital deployment schedule of $1,500-$2,000/month for the foreseeable future, I am anticipating that my net dividends in April will be pushing $90, bringing me that much closer to every month being over $100 beginning this summer.
Discussion:
How was your month in terms of dividend income?
Did you receive any first time dividends as I did with CSCO?
As always, I appreciate your readership and welcome your comments in the comment section below!
Analyst's Disclosure: I am/we are long VTR, MDT, O, CAH, ITW, GSK, PM, MO, PEP, PPL, GPC, STOR, IRM, ALB, EMN, SPG, CSCO, MAIN, WPC, DLR, LEG.
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.