July 2021 – March 2022 dividend income

Didn’t realize the last update was nine months ago. The time I used to spend on finance blogging and writing is going to other things these days, hence the lack of updates. I’m still continuing to invest, of course, and have recently updated the blog’s portfolio page.

Below is a quick overview of the dividend income for the July 2021 to March 2022 period:

  • July 2021: 193.81EUR
  • August 2021: 148.97EUR
  • September 2021: 209.84EUR
  • October 2021: 283.63EUR
  • November 2021: 76.10EUR
  • December 2021: 192.88EUR
  • January 2022: 184.38EUR
  • February 2022: 61.81EUR
  • March 2022: 128.70EUR

Within a couple of months, I will be eight years into my DGI investing journey. Some things went as expected, other things turned out different than expected. Some of the more riskier plays in my portfolio delivered extraordinary gains, while several presumably safer investments didn’t do well at all. I’ve also noticed that on average, dividend growth was quite low. Some of the stocks in my portfolio have managed to maintain decent dividend growth, but a lot of companies did not manage to deliver more than low single-digit dividend growth. In fact, several stocks now pay less than five or eight years ago.

In a sense, I’m somewhat financially independent. Should I start dreading my current job, there’s nothing stopping me from calling it quits and take several months (or even years) to find something better. But I’ve also come to realize that the goal of very early retirement is somewhat of a pipe dream.

At least not without making significant compromises. It’s easier when you live extremely frugal, or pack up your bags and go living in a lower-cost of living country like Bulgaria or Thailand. But is that really satisfying? Having to live on a strict budget for the rest of my life, not feeling able to spend money on big-ticket items, and hoping nothing goes wrong, doesn’t seem very appealing.

The truth is that in order to match my salary, without even taking inflation or future raises in to account, I’m probably looking at another 15-20 years of compounding to match it in terms of dividend income. The dividend income does provide alternatives, of course. It will make it easier to transition to a 4/5 or part-time job, which may offer the best of both worlds.

April, May and June 2021 dividend income

Another quick overview of the dividends I received over the past quarter! The ascent of the stock market since the COVID-19 low has been truly remarkable. Over the past couple of months, my portfolio has moved increasingly higher. Several of my positions have performed extraordinary well, one position is getting closer to 10-bagger status! Probably one of the more interesting things in my portfolio has been the slightly reduced focus on dividends. By opening my mind for stocks with low or even no dividend, I’ve managed to significantly grow my net worth.

Anyway, here are the dividends I received over the past quarter:

April 2021 dividend income

  • Coca Cola: 10.59EUR
  • Nike: 11.92EUR
  • Royal Dutch Shell: 23.06EUR
  • PZ Cussons: 3.79EUR
  • Novo Nordisk: 43.89EUR
  • Diageo: 49.39EUR
  • GSK: 28.25EUR
  • South32: 0.57EUR
  • Vestas: 28.84EUR
  • Philip Morris: 68.72EUR
  • GE: 0.24EUR
  • Altria: 71.75EUR

In total: 341.01EUR of after-taxes dividend income in April

May 2021 dividend income

  • Bristol Myers Squibb: 15.86EUR
  • AB InBev: 28.70EUR
  • Van de Velde: 26.82EUR
  • Sanofi: 28.72EUR
  • Synchrony Financial: 9.24EUR
  • AbbVie: 9.51EUR
  • Colgate-Palmolive: 3.48EUR
  • Omega Healthcare Investors: 8.18
  • Kinder Morgan: 8.17EUR
  • Carrier: 0.51EUR
  • VGP: 71.54EUR
  • Warehouses de Pauw: 204.40EUR

In total: 415.13EUR of after-taxes dividend income in May

June 2021 dividend income

  • Well’s Fargo: 1.37EUR
  • Ageas: 94.60EUR
  • Smartphoto: 23.94EUR
  • Otis: 0.47EUR
  • YUM! Brands: 3.68EUR
  • Hershey’s: 6.70EUR
  • 3M: 10.17EUR
  • McDonald’s: 6.33EUR
  • Philip Morris: 3.06EUR
  • AB InBev: 5.95EUR
  • Pandora A/S: 12.63EUR
  • Moury Construct: 137.20EUR
  • Raytheon Technologies: 2.28EUR
  • YUM! China: 1.21EUR
  • Unilever: 39.92EUR
  • Gilead: 27.34EUR

In total: 375.48EUR of after-taxes dividend income in June

This is my best quarter of the year. The other months are less “heavy” in terms of dividends.

January, February and March 2021 dividend income

Time for another big roundup of the dividends I received over the past couple of months.

January 2021 dividends

  • Altria: 71.27EUR
  • Philip Morris: 70.51EUR
  • General Electric: 0.23EUR
  • GlaxoSmithKline: 22.57EUR

February 2021 dividends

  • AbbVie: 9.47EUR
  • Bristol-Myers Squibb: 15.85EUR
  • Carrier: 0.52EUR
  • Kinder Morgan: 7.89EUR
  • Colgate Palmolive: 3.42EUR
  • Omega Healthcare Investors: 8.15EUR
  • Synchrony Financial: 9.22EUR

March 2021 dividends

  • BHP: 29.59EUR
  • Gilead: 27.55EUR
  • Hershey’s: 6.78EUR
  • McDonald’s: 6.38EUR
  • 3M: 10.25EUR
  • Novo Nordisk: 13.98EUR
  • NVIDIA: 1.53EUR
  • OTIS: 0.38EUR
  • YUM! Brands: 3.70EUR
  • YUM! China: 1.19EUR
  • Wells Fargo: 1.37EUR
  • Unilever: 21.98EUR
  • Raytheon Technologies: 2.10EUR

Adding it all up results in 345.88EUR for Q1 2021. About 8 percent less than a year ago, most of it due to the Shell dividend cut and due to a payment that shifted from March to April.

The good news is that the total portfolio value is hitting fresh all-time highs. I haven’t updated the portfolio page on this blog for a long time. One of the interesting things is that most of my best performers are stocks that pay no or a very small dividend. Several of my high-paying dividend stocks on the other hand have turned out to be absolute stinkers. I’m thinking about stocks like AB InBev, Gilead, GSK, Kinder Morgan, and Royal Dutch Shell.

December 2020 dividend income report

This year was a rocky ride full of nasty surprises. On the bright side, one thing that caught me by surprise is how well the stock market has been performing the past half year or so. If I recall correctly, my portfolio briefly dipped into the red in the March/April timeframe but now my portfolio is at an all-time high.

December 2020 dividend income

  • Well’s Fargo: 1.37EUR
  • PZ Cussons: 4.19EUR
  • OTIS: 0.38EUR
  • YUM! Brands: 3.44EUR
  • 3M: 10.01EUR
  • Coca Cola: 9.98EUR
  • Mc Donald’s: 6.27EUR
  • Hershey’s: 6.64EUR
  • YUM! China: 1.15EUR
  • Raytheon Technologies: 2.03EUR
  • Royal Dutch Shell: 22.77EUR
  • Nike: 11.42EUR
  • NVIDIA: 1.46EUR
  • Gilead: 25.30EUR

This sums up to a total of 106.41EUR in after-taxes dividend income for December 2020.

My total dividend income for 2020 is 2,239.28EUR. An increase of 11.57 percent versus 2019. This is lower than I projected due to a variety of reasons. Unfortunately, dividend cuts are one big factor.

Another factor is that I had less money to invest and I’m also finding it harder to invest money wisely. A lot of stocks are just way too expensive right now. There are still stocks that seem cheap but often there’s a good reason why the market puts a lower valuation on a stock.

When I review my portfolio, some of my worst performers and laggards are definitely the stocks that seemed to be trading significantly more cheaply than the market at the time of purchase.

July, August, September, October & November dividend income report

It’s been like forever since I’ve last updated my blog. Due to a change in life priorities, new hobbies and work-related stuff I’ve been dedicating less time to my investing activities. I’m no longer writing as often but I’m still investing in companies from time to time and reinvesting my dividends.

Here’s a brief overview of the dividend income of the last couple of months. Everything is in euro and after all dividend taxes:

July: 193.61EUR

August: 75.61EUR

September: 143.64EUR

October: 261.48EUR

November: 159.68EUR

So far, I’ve pulled in 2138.43EUR in dividend income this year.

June 2020 dividend income report

Here are the dividends I received last month!

June 2020 dividend income

  • Wells Fargo: 7.58EUR
  • Recticel: 18.48EUR
  • Ageas: 4.72EUR
  • Unilever: 20.18EUR
  • Otis: 0.41EUR
  • AB InBev: 34.65EUR
  • YUM! Brands 3.68EUR
  • 3M: 10.72EUR
  • Hershey’s: 6.90EUR
  • McDonald’s: 6.55EUR
  • Moury Construct: 122.50EUR
  • Raytheon Technologies: 2.25EUR
  • Royal Dutch Shell: 23.04EUR
  • NVIDIA: 1.59EUR
  • Gilead: 27.51EUR

Adding it all up results in 290.76EUR in after-taxes dividend income for June 2020.

April and May 2020 dividend income report

Forgot to post again last month!

April 2020 dividend income:

  • Nike: 11.40EUR
  • Coca Cola: 11.09EUR
  • South32: 0.68EUR
  • Novo Nordisk: 40.55EUR
  • PZ Cussons: 3.68EUR
  • Diageo: 47.70EUR
  • GlaxoSmithKline: 27.64EUR
  • Philip Morris: 76.42EUR
  • Vestas: 26.98EUR
  • General Electric: 0.27EUR
  • Altria: 77.89EUR

= 324.3EUR for April 2020

May 2020 dividend income:

  • Bristol-Myers Squibb: 5.58EUR
  • Sanofi: 28.26EUR
  • Synchrony Financial: 10.35EUR
  • Colgate-Palmolive: 3.85EUR
  • Kinder Morgan: 8.91EUR
  • Omega Healthcare Investors: 9.18EUR
  • AbbVie: 9.67EUR
  • Warehouses de Pauw: 184.93EUR

= 260.79EUR for May 2020

February and March 2020 dividend income report

Crazy times but all is still well. Looks like I forgot to post last month’s report so this month will include both February and March.

February dividend income

  • Bristol-Myers Squibb: 5.52EUR
  • Synchrony Financial: 10.27EUR
  • Colgate-Palmolive: 3.74EUR
  • Omega Healthcare Investors: 9.14EUR
  • Kinder-Morgan: 8.43EUR

37.10EUR in after-taxes dividend income for February.

March dividend income

  • YUM! Brands: 3.68EUR
  • United Technologies: 3.43EUR
  • 3M: 10.91EUR
  • Pandora A/S: 22.62EUR
  • Hershey’s: 6.98EUR
  • McDonald’s: 6.63EUR
  • Unilever: 19.14EUR
  • NVIDIA: 1.65EUR
  • BHP Billiton: 20.91EUR
  • Royal Dutch Shell: 64.26EUR
  • YUM! China: 1.30EUR
  • Gilead: 28.01EUR

And 202.26EUR for March.

There were also some dividend increases but these days it’s hard to keep track of as the coronavirus pandemic is forcing companies to take drastic action. For example, one of my shares (Ageas) increased its dividend by 20.45 percent in February but is now postponing the payout.

January 2020 dividend income report

The first month of the year has almost passed

January 2020 dividend income:

  • Nike: 11.15EUR
  • GlaxoSmithKline: 23.67EUR
  • Altria: 26.01EUR
  • Philip Morris: 75.39EUR
  • General Electric: 0.25EUR

Adding it all up results in 136.47EUR in after-taxes dividend income for the first month of 2020. A 15.04% increase versus a year ago.

Dividend increases:

  • YUM! Brands: 11.9%

December 2019 dividend income report

The last report of the year!

December 2019 dividend income

  • Unilever: 21.01EUR
  • YUM! Brands: 3.35EUR
  • United Technologies: 3.51EUR
  • 3M: 10.71EUR
  • Hershey’s: 6.98EUR
  • McDonald’s: 6.64EUR
  • Coca Cola: 10.62EUR
  • YUM! China: 1.27EUR
  • Royal Dutch Shell: 68.95EUR
  • NVIDIA: 1.60EUR
  • Gilead: 25.62EUR

This results in 160.26EUR in after-taxes dividend income for December 2019, up 14.3% year-over-year. That brings the 2019 total to 2,007.03EUR, a 20.17 percent increase versus the previous year.

Furthermore, I also expect a 240EUR tax refund on some of the dividend taxes I paid this year but I’m not expecting to receive that sum until the end of 2020.

Based on my current holdings, I expect dividend income of at least 2,206EUR in 2020.

Dividend increases:

  • Bristol-Myers Squibb: +9.8%