We have one more month before 2020 is finally over! It’s been a crazy year! For those who have been impacted by COVID-19, my heart goes out to you and I wish you and your family all the best. As you know, earlier this year I had to sell most of my stocks to fund the purchase of a condo. So, now I am trying to rebuild my portfolio better than it was before. October’s Dividend Income Report showed a positive increase for the first time since I started to rebuild my portfolio. So, let’s see if the trend can continue for November. Here are my Dividends earned in November 2020.
Dividend Income
In November 2020, I earned 15.84 in dividends broken down as follows:
| NO. | STOCK | NAME | DIVIDENDS |
| 1 | AAPL | Apple | $0.61 |
| 2 | ABBV | Abbvie | $4.20 |
| 3 | HRL | Hormel Food | $1.25 |
| 4 | O | Realty Income | $1.30 |
| 5 | PG | Proctor & Gamble | $1.49 |
| 6 | SBUX | Starbucks | $1.38 |
| 7 | T | AT&T | $5.61 |
| $15.84 |
Slowly but surely the dividends are increasing. Last year, I note that 8 companies paid me dividends, but I’ve since sold out of GIS. $15.84 is a small amount, but it’s money that I didn’t have before. What’s more, these are funds that will be reinvested into the portfolio so that the growth can compound.
Annual Income
Here is a graphical representations of the dividends earned in November in relation to the dividends earned in previous years:
Here is the raw data:
| MONTH | 2017 | 2018 | 2019 | 2020 | Rate |
| January | $0.00 | $14.93 | $37.54 | $2.22 | -94.09% |
| February | $0.00 | $77.66 | $141.16 | $7.49 | -94.69% |
| March | $0.00 | $72.93 | $136.45 | $78.68 | -42.34% |
| April | $0.41 | $31.47 | $55.39 | $0.33 | -99.40% |
| May | $2.85 | $79.33 | $142.69 | $2.23 | -98.44% |
| June | $16.89 | $98.51 | $160.47 | $10.29 | -93.59% |
| July | $5.99 | $42.32 | $59.68 | $6.67 | -88.82% |
| August | $21.95 | $108.44 | $147.73 | $9.72 | -93.42% |
| September | $28.72 | $111.15 | $151.66 | $30.19 | -80.09% |
| October | $23.21 | $48.09 | $3.00 | $11.46 | 282.00% |
| November | $62.11 | $124.92 | $7.18 | $15.84 | 120.61% |
| December | $76.51 | $140.24 | $116.51 |
Yes! Another positive report and still in triple digit territory no less. As you can see, I earned 120.61% more dividends in 2020 than I did in 2019. Although this is no where near what the portfolio was generating before, it’s the second straight month where I’m back in positive territory.
Part of me just wants to throw every last bit of money I have into my portfolio. But, sadly, I have many competing goals. However, one of the things I am working on is trying to figure out how I can increase the monthly contributions to my portfolio. Stay tuned!
Forward Annual Dividends
At the time of this writing, my forward annual dividends is $352.89. A month ago, my forward annual dividends was $286.75. This represents a healthy 23% increase from the previous month. I’ll take it.
Finally, the Dividend Tracker has been updated accordingly.
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.
$352.89 per year is $29.41 dividends per month, on average. At present, I pay $1 per month to use Acorns. Also, my Hulu Plus bill is $6.41 per month. I earn enough in dividends to cover Acorns, Hulu Plus and Amazon Prime. The next bill I am targeting is Netflix. That amount is $15.99 per month. The total amount needed until I can pay the next bill is $9.70 in dividends.
The following is a list of expenses I am targeting:
Adopt A Stock Project
For the month of December, XOM has been identified as the most undervalued stock of the month, again. Therefore, I will attempt to buy at least one additional share of Exxon Mobile during the month of December.
After the end of the year, I will be evaluating whether to continue and/or modify the adopt a stock project.
Conclusion
Just like that, 2020 is coming to a close. We have one more month to go. This month’s dividend income report showed a health increase in terms of the forward annual dividends. Although I’m no where close to where I ultimately want to be, it’s clear that the dividend portfolio is moving in the right direction.
How was November for you? What did you think of this post? Let me know by commenting below.
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