Who Paid Me As of 11/10/2023?
Images gathered on Google Images
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| Stocks | Dividends | Reinvested Shares Bought |
|---|---|---|
| DGRO | $16.40 | 0.33 |
| Altria Group | $14.62 | 0.34 |
| Comcast | $6.16 | 0.14 |
| Coca Cola | $5.50 | 0.10 |
| Illinois Tool Works | $4.82 | 0.02 |
| DGRW | 0.14 | 0.00 |
| Total | $31.24 |
October scares bring dividend frights. I received a total of $31.24 in dividend checks in October. Just enough to pay my wifi bill! The biggest payer was DGRO, which was weird. Usually, DGRO pays its dividends in March, June, September, and December. However, the pay date has been shifted by a few days into the next month. Although I love to see the dividends pile up in a single month, it is nice that the paychecks are spread throughout the year. If I ever get to the point of living off the dividends, that would be nice.
This month, DGRO paid me $16.40. The new update to the Public app got rid of a feature that I used in my table, but it added a cool feature for those who are on a DRIP plan. This month, I was paid $16.40 in dividends from DGRO, but since I turned on DRIP, the money was reinvested into the ETF and was enough to buy 1/3 of a share. My goal for all of my stocks is to have enough that the money reinvested will buy full shares!
Altria Group (MO) is my highest non-ETF-paying stock. This month I received a check for $14.62 reinvested back into the stockCoca-Colaught 0.34 of a share. Coca-Cola (KO) paid me $5.50 this month month, with the money reinvested into the stock, bought me 0.10 of a share. Currently, I am not purchasing any shares of MO and KO. They are good companies, but for right now they don’t align with my investing goals, I would rather take the allocated money and invest more into DGRO or SCHD.
Next, Comcast (CMCSA) paid me $6.16 this month. This was enough to buy 0.14 of a share. CMCSA continues to be one of my favorite communication sector stocks. It has the growth, the dividend, and the dividend growth appealing to the MOAT to make it appealing to the buyers. I believe this will continue to be a sleeper in my portfolio and others.
Illinois Tool Works (ITW) is a dividend aristocrat and king but also has increased its dividend for the last 27 years. This month, I received a $4.82 check and this reinvested back into the stock bought me a fraction share of 0.02, a very small slice of ITW. If you are wondering why I would rather invest in ITW and CMCSA rather than KO or MO, let’s do some math.
If you invested 10K into all four stocks starting in 2013 and never added another dime, ITW would have the greatest total return (capital appreciation and dividend) followed by CMCSA, MO, and KO. You may be wondering how since KO and MO pay more in dividends than ITW and CMCSA. While the dividend yield is higher for those two companies, the dividend growth rate and Compound Annual Growth Rate (CAGR) are higher for ITW and CMCSA which is the reason why their final balance is higher.
Therefore, the companies I invest in grow faster and have a greater dividend growth rate, which is what I am after. I like companies that have a high CAGR but can also increase their dividend by 8% or more each year.
Lastly, DGRW, my newest addition to the portfolio, paid me $0.14 and that reinvest bought me a fraction share of 0.00226.
| Stock Ticker | Initial Balance | Final Balance | Compound Annual Growth Rate (CAGR) | 5-Year Dividend Growth Rate | 4-Year Average Yield |
|---|---|---|---|---|---|
| ITW | $10,000 | $47,180 | 15.40% | 9.80% | 2.24% |
| CMCSA | $10,000 | $27,453 | 9.77% | 9.40% | 2.27% |
| MO | $10,000 | $24,072 | 8.45% | 5.85% | 7.84% |
| KO | $10,000 | $21,845 | 7.48% | 3.40% | 3.03% |
Check out the charts below!
Financial Disclaimer: I am not a Certified Financial Advisor (CFA), I am a meteorologist. The blog posts about investing are my opinions and for your entertainment purposes. They should not be considered financial advice. Investing in the stock market is risky and you can lose money. If you want to invest in the stock market or have questions about how or where to invest, please seek a CFA.
Affiliate Link Disclaimer: Some of the links are affiliated links with Public and M1 Finance. As a member of their platform, I earn a small portion if you click the link and sign up with them. I enjoy these companies and would not recommend them to you if I did not believe in their mission and platform. Thank you!
I use the stock trading platform called Public (this is an affiliated link where I get a small kickback if you sign up with my referral code/link!). Public charges no fees to invest, you can choose to have your dividends to be in a reinvestment plan (DRIP) (this is very important and will likely be explained in another blog), the platform is simple and user-friendly, and you can buy fractional shares. I have enjoyed Public’s platform during this past year and will continue to use it in the future. The link above is an affiliated link sign up today and get a free slice of a popular stock between $3-300! This is my compounding machine in which I hope to reach financial independence by using dividend growth stocks to supplement my income.
To act as a high-return savings account, I use an M1 finance account (Sign up today and get $10 for free!). I will use this fund to help pay a down payment on a car or house, and any other future expenses. Instead of getting a 1-2% yield/return, I hope to get an 8-12% return.
Below is a monthly expected dividend chart. If you are curious, I have created a do-it-yourself portfolio dashboard. it has everything like a portfolio calculator, a dividend calendar, and much more. Including the portfolio dashboard, I also have multiple financial tools, cookbooks, and more on my Patreon! Check out the page by clicking this link.
