And just like that, it is time to post my February 2023 dividend income!
I added a new slider function to the homepage. I am still experimenting with it a bit, so let me know what you think or it it is doing anything freaky.
This is my “off” month.
An “off” month is when I get paid the least amount of dividends from the fewest number of companies.
In a very real way, it exemplifies just what an “off” month is as this was a financial step backwards in terms of dividend income.
In other words, not my best month (but not my worst either).
February 2023 Dividend Income
But without further ado, for February 2023, I received $721.21 in dividend income from ten (10) companies.
- T – $167.89
- OHI – $167.50
- PG – $30.14
- O – $66.60
- GIS – $55.08
- ABBV – $48.84
- VZ – $105.05
- GD – $17.64
- NNN – $40.15
- TXN – $22.32
February 2023 Dividend Income Total: $721.21
The dividend income wasn’t too bad for an “off” month. But that was the bright spot this month.
This February shows a 0.65% year over year growth increase from February 2022!
I have been in the red for mid-quarter YOY growth due to the T cut nearly all last year.
Although small, the good news here is that I have just about turned that corner an see a positive YOY growth on an “off” month.
In addition, I received my first ever payment from TXN!
Dividend Raises
And now, without further ado, here are my dividend increases (and decreases) from February 2023.
- GILD increased dividend to $0.75 per share, resulting in a $6.24 increase.
- TROW increased dividend to $1.22 per share, resulting in a $2.48 increase.
- VFC decreased dividend to $0.30 per share, resulting in a $56.28 decrease.
- MMM increased dividend to $1.50 per share, resulting in a $1.00 increase.
- O increased dividend to $0.2545 per share, resulting in a $19.29 increase.
- CSCO increased dividend to $0.39 per share, resulting in a $2.68 increase.
- PPL increased dividend to $0.24 per share, resulting in a $7.50 increase.
- INTC decreased dividend to $0.125 per share, resulting in a $112.32 decrease.
All in all, dividend increases for February 2023 totaled: $39.19
Unfortunately, dividend decreases totaled $168.60.
When you minus the decreases from the increases, I end up in the red with a $129.41 loss in dividend income.
In total for the year 2023, total dividend raises ($62.19) minus dividend decreases ($168.60) I am in the red at a negative $106.41.
It’s not the end of the world. This isn’t my worst cut ever or most likely even my last cut.
Furthermore, there is still a plenty of runway left in the year. I am sure future raises this year alone will overcome losses from these cuts.
Conclusion
Thus, we conclude my February 2023 dividend income report!
An excellent start to the new year was followed by a stumble. That’s how it goes.
This short-term pain is part of the journey. My strategy remains the same as I am in it for the long-term.
As of this post, my portfolio is set to generate $13,649 in dividend income over the next 12 months. Moving right along and strong!
So, stay tuned for more as I continue to build my dividend dynasty!
Check out my Getting Started page if you are interested in beginning your own journey into dividend growth investing and personal finance.
Also, don’t forget to Subscribe for more great content and updates on my journey to freedom! 🙂
So, how was your February? Any dividend cuts? Also, how were your raises? Let me know in the comments below!
Like this:
Like Loading...