March 2023 Dividend Income & Recent Buys

Hello and welcome to this month’s report. The winter is now over and the journey to financial independence continues.

The markets are off to a fast start as the YTD gains are pretty impressive so far. After last year, anything in the green is a nice change.

There is a lot of discrepancy between the results of the Nasdaq and the Russell small cap US equities. With the S&P 500 index being the middle ground.

Still just regularly adding to the accounts and not trying to time these sometimes crazy markets.

March Dividends:

Below is the dividend income received during March: (Values are in USD)

ADM – 29.25

AVGO – 59.80

AWK – 65.50

AWR – 21.86

CHD – 28.61

D – 20.03

DFS – 27.60

ESGV – 70.04

INTC – 22.27

JNJ – 56.50

JXN – 24.80

KLAC – 20.80

LAND* – 5.27

MCD – 31.92

MMM – 33.00

MSFT – 32.64

NDAQ – 15.00

NVDA – 0.44

NEE – 12.62

PEP – 23.00

PEP* – 24.25

PSX* – 24.04

ROST – 9.38

SO – 44.20

STE – 6.58

SWK – 20.00

TGT – 70.20

UNP – 32.50

V – 15.30

VTI* – 22.58

WCN – 8.42

WM – 50.40

WTRG – 28.70

WWE* – 2.05

YUM – 10.29

ZTS – 13.13

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March Dividend Totals: $982.97

Total Payouts: 36 (positions marked “*” are held in a retirement account)

Month Increase YoY: 21.4%

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Another record total was reached in monthly dividends. Always good to have a solid growth rate as well. Planning on reaching $1k in a month for the first time in June.

Recent Purchases:

Here are the recent buys made over the last few months. They are mostly adding shares for specific portfolio allocation. Lots of factors go into investing, including one’s own personal timeline, risk tolerances, goals, and other assets, etc.

6 MSFT @ 241

9 WTRG @ 44

20 CVS @ 73

4 DFS @ 92

40 JXN @ 38

2 ADP @ 222

3 MMM @ 103

4 DHR @ 246

3 ACN @ 264

Also made a few regular index purchases in a brokerage account.

One benefit of the interest rate increases in the US is that money market funds are paying 4.76% currently.

So I have followed the trend of moving some idle cash savings from lower interest rates to these higher rates.

It’s nice to see the housing down payment/emergency funds actually put out decent returns finally with no market risks. I’m sure inflation is eating into these gains though. Plus taxes take a good part of what’s left over.

It will be interesting to see how things work out with interest rates, inflation, and the stock market.

Portfolio Top 13 Holdings:

• American Water Works (AWK)
• Microsoft (MSFT)
• Waste Management (WM)
• Apple (AAPL)
• Target (TGT)
• Church & Dwight (CHD)
• General Mills (GIS)
• Johnson & Johnson (JNJ)
• Broadcom Inc (AVGO)
• Visa Inc (V)
• PepsiCo Inc (PEP)
• Abbvie (ABBV)
• Thermo Fisher Scientific (TMO)

MSFT has now solidified its spot as the #2 holding with a good chance of reaching #1 if it continues to run up with the other tech names.

Here’s to another month closer to reaching financial independence.

Thank you for reading and happy investing. 

-Divcome 

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