Q3 2020 Dividend Income

Today’s post is the start of a new series: Dividend Income Updates. To start I will include a quarter recap and going forward I will likely do monthly updates.

Please be sure to review the disclosure at the bottom of these articles. I do NOT give stock advice, but rather share what our stock portfolios include, the income we are generating from them and my opinions. It is important for you to do your own research and make your own decisions regarding your investments.

For some background information, the income is generated from 5 different accounts managed between my husband and I (one of which we have designated as an account for my daughter, but is held in our name). These accounts are both IRAs and regular brokerage accounts. What is NOT included in these updates is any employer-sponsored retirement plans. Those are all managed separately. We currently DRIP; in other words, all of our dividends are reinvested in the stocks we received them from. Our investments are generally held long-term and the money in these accounts is not going to be used any time soon.

In quarter 3 our total dividend income was *drum roll* $2,564.73. We received dividends from 27 different stocks. Our top 3 dividend generators are Philip Morris (PM), Coca-Cola (KO) and Altria (MO). These three stocks alone made up over 60% of our dividend income for the quarter. Below is a screenshot of the income received from all 27 stocks between July 1st and September 30th 2020.

These 27 stocks do not represent our entire portfolio. We are invested in several stocks that do not pay dividends (some of which originally paid dividends and then cut them due to the current pandemic). Please find below a key to match the company names to the stock ticker symbols.

TickerCompany Name
AAPLApple Inc.
ABBVAbbVie Inc.
AXPAmerican Express
BAMBrookfield Asset Management
BMYBristol-Myers Squibb
CVSCVS Health Corp
INTCIntel Corporation
IPInternational Paper Co
JPMJPMorgan Chase
KHCKraft Heinz
MOAltria Group
OHIOmega Healthcare Investors
PCSBPutnam County Savings Bank
PGProcter & Gamble
PMPhilip Morris
TDToronto-Dominion Bank (TD Bank)
TMOThermo Fisher Scientific Inc.
WMWaste Management

As this is a new series, I am open to feedback regarding what information you would like to see in these and happy to answer questions you may have. I hope you enjoyed this update. Happy investing 😊

Disclosure: This article expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. Please do your own proper due diligence on any stock directly or indirectly mentioned in this article. This article should be considered general information and not relied on as a formal investment recommendation.

2 thoughts on “Q3 2020 Dividend Income

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  1. 1. Do you follow any sector allocation formula before investing in stocks? Can you share?
    2. How do you track the dividends? Any app or link you will recommend?

    1. Hi! I do not follow any particular sector allocation formula, but try to diversify as much as possible, even if that means one stock from each sector.

      As far as tracking, our brokerage firm lists all of our transaction out for us and we can download the information. Since we have 5 different accounts I find it best to consolidate the data in excel and do a quick summation myself.

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