Time to post my February 2020 dividend income plus my recent buy (UPS) and sell (SRLP)! Can you believe it is March already? The first quarter of the year is just about over. I ended up doing a lot of overtime at work this past month. I rarely ever did overtime in the past. However, with the increased workload and new protocols slowing falling into place by the new management, I was asked to train a few new hires. On the positive side, new hires mean less of a workload on everybody and also, I got more in my paycheck for all the extra hours I worked. But enough about work, and let’s get to passive income! For February 2020, I received $676.35 in dividend income from seven (7) companies.
- AT&T (T) – $240.76
- Sprague Resources (SRLP) – $116.81
- Omega Healthcare Investors (OHI) – $167.50
- Procter & Gamble Company (PG) – $18.65
- Realty Income Corp (O) – $43.71
- General Mills (GIS) – $49.98
- AbbVie Inc. (ABBV) – $38.94
February 2020 Dividend Income Total: $676.35
This was not a record-breaking month by any means. Nevertheless, it was still a good month of dividend income. This month’s dividend results show a negative 26.4% year over year growth when compared to February 2019. How did that happen? It was last years summer re-balancing of my portfolio that shifted much of this month’s dividend income to beginning and end quarter months. Also, since I bought VZ after the ex-dividend date, I did not received payment for this month. Next, there are dividend increases!
First, MMM increased their dividend to $1.47 per share. This raised my forward annual dividend from $109.44 to $111.72 for a $2.28 increase from MMM. Next, GSK increased their dividend to $0.592 per share. Thus, increasing my forward yearly dividends from $230.88 to $284.16 for a $55.28 increase from GSK. The dividend from GSK is different each quarter. GSK usually increases its dividend at the start of the year followed by gradual cuts the remainder of the year. Nevertheless, I am happy for a nice increase from GSK!
Lastly, there was a surprise dividend increase! MPW increased their dividend to $0.27 per share. This This raised my forward annual dividend from $936.00 to $972.00 for a $36.00 increase from MPW! Altogether, February’s dividend increases totaled $92.75! Nearly $100 in dividend increases is awesome! To close out the month, I also made a new stock purchase (along with a partial sale).
Taking advantage of a dip in the market, I bought 20 shares of UPS (United Parcel Service). This purchase added $80.80 to more forward yearly dividend income! Thus, UPS becomes the 33rd stock in my portfolio! I also made a partial sale. I sold 30 shares of SRLP which gave me around $430 in cash but cost me $80.10 in annual dividend income. So, I guess you can call this “buy versus sell” an “Even Steven”, although I do come out ahead in the green by $0.70.
It was nice to be able to scrap together another $2,000 for an additional purchase. It won’t be until after March that I can make new purchases (once my normal cash reserves are full). As of this post, my portfolio now stands to generate $10,128 in dividend income over the next 12 months! Looking forward to a record-breaking March! So, how was your month? Break any records? Also, are you taking advantage of the recent market correct? Let me know in the comments below!
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