March Dividend Income

After 35 years of clocking in and out of work and religiously saving at least 10% annually in my 401K every year, my countdown to financial independence is in sight. Each month is a step closer and let’s look at how this past month is getting me there.

For the month of March I made $5,343.37; an increase of 26.07% versus this time last year.

In March I received 4 dividend raises from AMNF, QCOM, WSM and WPC which is a far cry from the 20 I received last month but welcomed none the less. 

On the home front my daughter received a stay of execution on her job as they received a late round of funding which should keep the company open for another year and the good news is she received a $10K retention bonus for being loyal. This takes a little stress off of her and myself. 

At my place of work, I received my annual pay raise mid-month but it was pretty small in comparison to inflation.  I did increase my 401K contribution by 1% but just could not swing an increase to my weekly M1 finance contribution.   Even the 1% increase I am questioning as costs have risen but hey no pain no gain.  This now brings my annual savings rate up to 25.9% from 24.9% last year.

2022202120202019201820172016201520142013
401K12%11%10%10%10%10%10%10%10%10%
Brokerage4.50%4.50%4%3.70%1%0.80%0.50%0.70%
Roth IRA9.40%9.40%8.30%5.40%1.90%
Total Saving Rate25.90%24.90%22.30%19.10%12.90%10.80%10.50%10.00%10.00%10.70%
10 Year Savings Rate

Let’s see the things we all love to see…charts and dividend payouts:

DateSymbolCompanyAmount
3/1/22ALEALLETE INC$137.32
3/1/22NUSIETF SER SOLUTIONS NATIONWIDE NASDQ$38.14
3/1/22PNWPINNACLE WEST CAPITAL CORP$116.99
3/1/22PSXPHILLIPS 66$27.09
3/1/22SJMSMUCKER J M CO$17.81
3/2/22FASTFASTENAL$12.76
3/2/22XRMIGLOBAL X FDS S&P 500 RISK$52.77
3/3/22CMICUMMINS INC$40.74
3/3/22DFSDISCOVER FINANCIAL SERVICES$12.95
3/3/22ENBENBRIDGE INC$249.40
3/3/22VLOVALERO ENERGY CORP$35.28
3/4/22BLVVANGUARD BD INDEX FDS LONG TERM BOND$13.34
3/4/22PFEPFIZER INC$237.15
3/4/22VCLTVANGUARD SCOTTSDALE FUNDS LONG-TERM COR$14.18
3/7/22HYGISHARES TR IBOXX HI YD ETF$19.47
3/7/22PFFISHARES TR PFD AND INCM SEC$43.10
3/7/22SOSOUTHERN CO$67.50
3/8/22AMGNAMGEN INC$11.66
3/8/22JNJJOHNSON & JOHNSON$185.52
3/10/22CVXCHEVRON CORP$23.96
3/10/22IBMINTERNATIONAL BUS MACH CORP$152.12
3/10/22MSFTMICROSOFT CORP$67.69
3/10/22SNASNAP-ON INC$25.26
3/10/22UPSUNITED PARCEL SERVICE INC$339.60
3/11/22PRUPRUDENTIAL FINANCIAL INC$514.39
3/11/22WBAWALGREENS BOOTS ALLIANCE INC$67.01
3/14/22MMM3M CO$63.12
3/15/22AVAAVISTA CORP$146.43
3/15/22EPREPR PROPERTIES$77.71
3/15/22FAFFIRST AMERICAN FINANCIAL CORP$163.33
3/15/22NWLNEWELL BRANDS INC$25.56
3/16/22DUKDUKE ENERGY CORP$66.77
3/17/22BHBBAR HARBOR BANKSHARES$49.50
3/17/22OGNORGANON & CO$5.65
3/18/22RRYDER SYSTEM INC$54.57
3/21/22CMPCOMPASS MINERALS INTERNATIONAL INC$28.65
3/22/22PSECPROSPECT CAP CORP$155.54
3/24/22QCOMQUALCOMM INC$160.93
3/24/22ULUNILEVER PLC SPON ADR$61.97
3/25/22BPBP PLC SPONSORED ADR$8.59
3/25/22KHCKRAFT HEINZ CO$9.60
3/25/22LMTLOCKHEED MARTIN CORP$25.63
3/30/22TROWPRICE T ROWE$23.75
3/31/22ARCCARES CAPITAL CORP$551.61
3/31/22AVGOBROADCOM INC$8.37
3/31/22BEPBROOKFIELD RENEWABLE PARTNERS$280.60
3/31/22CTOCTO RLTY GROWTH INC$61.62
3/31/22GATXGATX CORP$55.27
3/31/22NEWTNEWTEK BUSINESS SVCS CORP$537.50
3/31/22PEPPEPSICO INC$56.40
3/31/22WEYSWEYCO GROUP INC$25.90
3/31/22WMWASTE MANAGEMENT INC$46.92
3/31/22M1 FinanceM1 DIVIDEND GROWTH ACCOUNT$68.68

2 thoughts on “March Dividend Income

  1. Congratulations on a solid report. The fact that your retirement date is in sight is just awesome! I also really liked how you’ve been improving your savings rate over the years. Even though you had only a 1% increase to the 401K, every little bit helps.

    I look forward to future reports.

    Liked by 1 person

    • Thank you, the biggest improvements in my savings rate are my kids getting jobs and absorbing some expenses and my wife going back to work. Wish it improved because of some magical expense cut but I’m not that creative 😂.

      Like

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