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It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolio.
Without rehashing the wild ride we experienced in the market last few months, as we experienced a pretty serious melt up, I could find comfort in one thing, my dividends (even if dividend cuts are very much on the table these days). As we all know, the market may move up and down irrationally and seemingly on a whim, while our dividends remain much more stable, reliable and predictable. Sure, dividends may not increase every year and a cut or elimination is even possible (thank you VFC, GE and many more) but the odds are greatly reduced when you diversify among different companies and sectors and focus on dividend quality (free cash flow, EPS, debt, payout ratios and these days cash on hand). Keep in mind, these days there are no shortages of accidental high-yielding stocks but look at real cash on hand when viewing balance sheets. With that being said, let’s take a look at my January 2024 dividend totals.
| Date | Symbol | Description | Amount |
|---|---|---|---|
| 01/02/2024 | UGI | UGI CORP. | $36.75 |
| 01/03/2024 | KMB | KIMBERLY-CLARK CORP. | $76.14 |
| 01/05/2024 | PEP | PEPSICO INC. | $44.63 |
| 01/05/2024 | CB | CHUBB LTD F | $7.74 |
| 01/10/2024 | PM | PHILIP MORRIS INTL | $202.25 |
| 01/10/2024 | MO | ALTRIA GROUP, INC. | $393.60 |
| 01/11/2024 | GSK | GSK PLC | $45.26 |
| 01/11/2024 | ITW | ILLINOIS TOOL WORKS | $81.78 |
| 01/12/2024 | JCI | JOHNSON CONTROLS INTER | $44.03 |
| 01/12/2024 | MDLZ | MONDELEZ INTL CLASS A | $13.67 |
| 01/12/2024 | LEG | LEGGETT & PLATT, INC. | $35.56 |
| 01/16/2024 | CAH | CARDINAL HEALTH, INC. | $31.94 |
| Total: | $1,013.35 |
Dividend income from my taxable account totaled $1,013.35. This represents a 12.1% increase in passive income compared to January 2023. Hitting four figures in a month is always a nice milestone to achieve. As mentioned earlier, the markets may swing wildly from week to week and month to month, but dividends are seemingly more stable, reliable and predictable. In today’s world filled with tons of uncertainty and guesswork, I’ll gladly take it.
Are any of these dividend stocks in your portfolio too? How was your January dividend income? Please let me know below.
Disclosure: Long all above
Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.
Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
