Dividend Income Report – May 2021

By | June 1, 2021
dividend income

Five months down, seven months to go. The year is moving fast and what a year its been already. But, despite the ups and downs of life, the dividends continue to work in the background. Slowly but surely, each month the stocks I have pay me dividends. Then those dividends buy more shares which in turn pay me more dividends. And so the compounding takes effect. So, lets see how much dividend income I earned in May 2021.

Dividend Income

In May, I earned $33.69 in dividends broken down as follows:

NO.STOCKNAMEDIVIDENDS
1AAPLApple$1.30
2ABBVAbbvie$8.45
3HRLHormel Foods$2.91
4ORealty Income$2.64
5PGProctor & Gamble$3.78
6SBUXStarbucks$2.44
7TAT&T$12.17
$33.69

That’s $33.69 that I didn’t have before. Moreover, that money will be used to buy more shares of stock and will in turn help me build my dividend empire.

Annual Income

Here is a graphical representation of the dividends earned in May in relation to the dividends earned in previous years:

Here is the raw data:

MONTH20172018201920202021Rate
January$0.00$14.93$37.54$2.22$18.18718.92%
February$0.00$77.66$141.16$7.49$22.94206.28%
March$0.00$72.93$136.45$78.68$63.35-19.48%
April$0.41$31.47$55.39$0.33$24.857430.30%
May$2.85$79.33$142.69$2.23$33.691410.76%
June$16.89$98.51$160.47$10.29  
July$5.99$42.32$59.68$6.67  
August$21.95$108.44$147.73$9.72  
September$28.72$111.15$151.66$30.19  
October$23.21$48.09$3.00$11.46  
November$62.11$124.92$7.18$15.84  
December$76.51$140.24$116.51$47.57  

Wow. My dividend portfolio is rebuilding quite nicely. I am up nearly 1500% from last year. Still, I am no where close to what my portfolio was in 2019. But every little bit counts, and I will continue to rebuild one dividend at a time. It’s only a matter of time before the dividends earned in May will exceed that of 2019!

Forward Annual Dividends

At the time of this writing, the forward annual dividends is $523.42.  A month ago, my forward annual dividends was $494.34. This represents a 6% increase from the previous month. I’ll take it.

I anticipate a slower growth rate for the next couple of months, as I try to figure out how to deal with increased expenses. Although it’s cool buying a house to live in, it’s also more expensive. Not only will I have the mortgage, but I will have utilities and yard maintenance. So, as the saying goes, the struggle is real. I’ll keep you posted.

What Expenses Would Dividends Cover?

Here, I visualize what expenses my annual dividend income could pay for. This is one of my favorite parts of pursuing dividend growth investing.

$523.42 per year is $43.62 dividends per month, on average. At present, I earn enough in dividends to cover Acorns, Hulu Plus, Amazon Prime and Netflix.  The next bill I am targeting is my student loans. That amount is $19.59 per month. The total amount needed until I can pay the next bill is $15.08 in dividends.  With any luck, hopefully I can cover this bill by the end of the year.

The following is a list of expenses I am targeting:

Conclusion

2021 has already been interesting, and I anticipate that life will get more crazy in the next couple of months. Regardless, my dividends are there working for me in the background. I’m invested for the long haul but it’s going to take discipline and consistency to achieve financial freedom.

I hope you all enjoyed the holiday weekend.

How was May for you? Did you break any milestones? Let me know by commenting below.

10 thoughts on “Dividend Income Report – May 2021

    1. Dividend Portfolio Post author

      It’s going to take a while for me to get there p2035 but that is the goal!!!

      Reply
    1. Dividend Portfolio Post author

      Thanks MDD. A few more of those and I’ll be back to 2019 levels in no time.

      Reply
    1. Dividend Portfolio Post author

      Absolutely RTC. I’m looking forward to it as well. Thanks as always for stopping by.

      Reply
  1. SavyFox

    „Slowly but surely, each month the stocks I have pay me dividends. Then those dividends buy more shares which in turn pay me more dividends.“

    You put it perfectly. The beauty of the compound effect!

    Keep it up your good work and all the best!

    SavyFox

    Reply
    1. Dividend Portfolio Post author

      Thanks a lot SavyFox. Compound interest is a wonderful thing, when you’re using it to make you money. It starts off small, but grows bigger exponentially over time!

      Reply
  2. Mr. Robot

    Nice work DP! Steadily you are rebuilding you dividend machine. As always, love your positieve attitude!

    Reply
    1. Dividend Portfolio Post author

      Thanks as always for stopping by. Slow and steady wins the race.

      Reply

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