November 2020 Dividend Income

After a feast of turkey, mashed potatoes, stuffing, and biscuits, it is time to post my November 2020 dividend income! Hope you all had a happy and healthy Thanksgiving. Even though it was just a small group, this was the first time in a year that I was able to get together with family for a celebration of something. I am not sure what will happen by Christmas. The virus is still spreading rapidly and the vaccine is coming. I am hopeful. But without further ado, for November 2020, I received $656.86 in dividend income from nine (9) companies.

• AT&T (T) – $240.76
• Sprague Resources (SRLP) – $20.03
• Omega Healthcare Investors (OHI) – $167.50
• Procter & Gamble Company (PG) – $19.77
• Realty Income Corp (O) – $43.99
• General Mills (GIS) – $52.02
• AbbVie Inc. (ABBV) – $38.94
• Verizon (VZ) – $33.89
• People’s United Financial (PBCT) – $39.96

November 2020 Dividend Income Total: $656.86

This wasn’t the best month, but certainly not the worst month. This year shows a 1.5% year over year decrease when compared to November 2019. This decrease is the result of more recent tweaks to my portfolio. In addition, I received my first dividend payment from PBCT this past month. I also received another new stock this month. PFE spun off a new company, Viatris Inc. (VTRS). As a result, VTRS became the 42nd stock in my portfolio. We will see what the dividend will be next year. Also, the long-awaited dividend cut to D was declared early November. This appears to be the last cut for the year.

Last week saw the market reach a record high with the Dow surpassing 30,000 for the first time. On the one hand, it is great to see the value of my portfolio increase substantially. On the other hand, the price of great dividend paying companies are more expensive which means fewer shares for your buck and thus less dividends. Nevertheless, there are still great opportunities and a great value company is certainly worth buying at any price.

Now it is time for my dividend increases and decreases:

• • • D decreased dividend to $0.63 per share resulting in a $68.20 decrease.
    • EMR increased dividend to $0.505 per share resulting in a $0.66 increase.
    • AFL increased dividend to $0.33 per share resulting in a $11.00 increase.

All in all, this month’s dividend increases totaled $11.66. However, due to the D decrease I ended up with a net loss of $56.54 in dividend income. Still, I will continue to push forward and build my dividend dynasty! My portfolio is now set to generate $10,851 in dividend income over the next 12 months. I expect I will pass the $11K mark sometime in the first quarter of 2021. But for now, that is it for my November 2020 dividend income. Next, month I will be setting new financial goals for the new year. This will be awesome.

So, how did you do this past month? Break any records? Do you plan on holding D after the cut? Let me know in the comments below!