With September in the books, it is time to post my October 2020 dividend income along with my recent buy (PCBT) and sell (SRLP). I made a slight alteration to my portfolio this past month. I guess you can call it a tweak. Basically, I sold part of one stock and bought another. Ultimately, I emerged with higher dividend income then before, so the tweak was a success. Other than that, it was a relatively quite second half of the month. But without further ado, here is my dividend income. For October 2020, I received $697.18 in dividend income from ten (10) companies!
- Medical Properties Trust (MPW) – $243.00
- Starwood Property Trust (STWD) – $171.36
- Realty Income Corp (O) – $43.99
- GlaxoSmithKline (GSK) – $59.15
- Illinois Tool Works Inc. (ITW) – $17.10
- Cardinal Health Inc. (CAH) – $21.87
- Leggett and Platt Inc. (LEG) – $32.80
- Eastman Chemical Co. (EMN) – $28.38
- Genuine Parts Co. (GCP) – $27.65
- PPL Corp. (PPL) – $51.88
October 2020 Dividend Income Total: $697.18
I was so close to breaking $700. In any case, this was a recording breaking amount for a quarter starting month. This was also a record number of stocks that paid out on a quarter starting month. I officially have a double-digit amount of companies paying me at the start of each quarter. This month’s income shows a 21.4% year over year increase from October 2019. Hooray for more double digits! I am also happy to report that I received my first ever dividend payments from GCP and PPL this past month!
In addition, I made a small portfolio tweak. I sold 25 shares of SRLP which decreased my annual dividends by $66.75. After that, I bought 222 shares of People’s United Financial, Inc. (PBCT). This purchase increased my yearly dividends by $159.84. As a result, I did end up with a net gain of $93.09 in dividend income from this portfolio tweak. PBCT became the 41st stock in my portfolio and I am happy to add another dividend aristocrat to the list!
Now it is time for dividend increases:
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- MCD increased dividend to $1.29 per share resulting in a $11.42 increase.
- VFC increased dividend to $0.49 per share resulting in a $2.68 increase.
- ABBV increased dividend to $1.30 per share resulting in a $15.84 increase.
Adding all the dividend increases together amounts to $29.94 added to my forward yearly dividend income. On another happy note, KTB reinstated its dividend at $0.40 per share. This reinstatement added $14.40 to my dividend income! Also, thanks to some currency changes, GSK’s dividend payout rose by an additional $1.92. So, altogether this past month I saw $46.26 added to my annual dividend income. That is awesome!
My portfolio now stands to generate $10,907 in dividend income over the next 12 months. I am still awaiting the D cut which will happen this November. There will also be a few more dividend increases (hopefully) before the year ends. But wow, things do seem a bit brighter. I am hoping to end the year strongly and set the ground work for an even stronger new year!
So, how did you do this past October? Did you break any records? Also, what do you think of my recent buy? Let me know in the comments below!
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