Friday, April 21, 2023

Dividend Income - March 2023


The first quarter of the year is over and it's time to report my dividend income. In March 2023 my portfolio dividend income was as follows:

My Total dividends in March are €2,828.72 ($3,036.19). After taxes, my net dividend income is €2,100.65 ($2,254.69). In year 2022, my net dividend income in March was €1,826.68 ($,019.94). My portfolio's net dividend income increased by €273.97 or 15% to compared the same month of previous year. Compared to the previous year, there have been some changes to the dividend income of March: Three new dividend payers have joined to the portfolio, namely ARCC, LYB and PPL.TO, MMM and LAZ has left it, additional purchase such TROW, MAIN, O, MFC.TO and FTS.TO. Compared to a year ago, the holdings also included some solid dividend increases like NEE, TGT, HD, UNP, V and ADM but unfortunately also dividend cut from VFC and SDIV.

This net passive income of €2,100.65 means that I received a reasonable €67.76 every day or €2.82 per every hour during March, no matter what I did. After the first quarter, these numbers are €51.75 per day and €2.07 per hour.

This month's dividend increased my cumulative net dividend income € 138,972.71.

Net income / expenditure

  • Net passive income for March was €2,100.65, for the first three months it totals €4,657.82

  • Total expenditure for March was €1,460.73, for the first three months it totals €3,905.59

  • The result for March was €639.92, for the first three months it totals €752.23

I have now collected 20.7% of my target net passive income for this year, which is € 22,500.00. After a few dividend cut announcements such as AQN, INTC and VFC and the weakening of the dollar, it is already clear that I will not reach my target in euros this year. At the moment it looks like I will miss my target by about €1000.

You can follow the development of my dividends here.

Full Disclosure: Long on above mentioned stocks except MMM, LAZ and IPL.TO

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