In the month of April we picked up shares in TROW and FL as well as a few others in our current portfolio. As prices fall we may even add some new names. But for now this is what we purchased in April: 6 more shares of TROW for $763.98; 3 shares of MO for 169.08; 2 shares of FL for $59.86; 2 shares of OHI for $52.32; 5 shares of VZ for $235.65; 2 shares of PRU for $222.74; 2 shares of WBA for $87.05; 1 share of ABBV for $142.36; 2 shares of INTC for $88.70; and 2 shares of AEG for $10.49. In total we purchased $1,832.23 worth of stocks this month.
For April 2022, the Divs4Jesus Portfolio received dividend income from nine different companies (T, LECO, GNTX, MSM, CMCSA, CSCO, CIM, FL, MO). The total was $366.80. This was a 30% increase from April of 2021 where the total was $282.93. The increase was due to increased payments from eight of the companies. Technically the payment from T was not a dividend payment but cash in lieu of fractional shares for the spin-off of WBD, which for now we are still holding in the portfolio. This was only $11.06 of the total monthly payout so it’s good to see the monthly amount increasing even when it’s all the same payors. In fact it’s even excluding SPG who paid out in March this year instead of April like in 2021. We hope this momentum continues throughout the year.
In the month of March we continuing picking up shares of TROW and FL as they slide further down as well as a few other minor purchases. We purchased 5 shares of TROW for $767.05, another 25 shares of FL for $751.00. We also purchased 3 shares of MO for $156.93; 3 shares of WBA for $133.38; and 2 shares of AEG for $10.72. In total we purchased $1,819.08 worth of stocks this month.
First and foremost we are sorry for the late posts in getting March’s info uploaded, but better late than never. And speaking of better, for March 2022, the Divs4Jesus Portfolio received dividend income from twenty-six different companies (AFL, PSX, V INTC, F, AMGN, JNJ, SNA, CVX, EVR, PRU, HON, WBA, MET, RHI, FAF, LYB, NWL, TSN, SWKS, VALE, LEA, TROW, EVC, AVGO, & SPG). The total was $1,648.89. This was a 30% increase from March of 2021 where the total was $1,269.88. The increase was due to increased payments from twenty-three of the companies and new payouts from portfolio adds AMGN, CVX, and FAF. Plus resumed payments from F and SPG paying out in March this year instead of April like in 2021. Over $1,000.00 of this was from VALE who is still paying out large dividends thanks to high commodity prices.
In the month of February we made a few purchases in companies we already own. Continuing from last month TROW is still below our buy range so we picked up another 5 shares for a total of $710.85. We also picked up another 25 shares of FL for $735.21. FL took a massive drop on news that Nike will stop selling a number of products through FL stores in a bid to sell more directly to consumers. While this is bad news for FL, as Nike products made up somewhere around 70% of its sales in 2021, Nike isn’t ending its distribution deal with FL completely and FL will look other brands to replace those Nike product sales. We also purchased 3 shares of MO for $153.33; and 2 shares of PRU for $220.02. In total we purchased $1,819.41 worth of stocks this month.
For February 2022, the Divs4Jesus Portfolio received dividend income from seven different companies (T, VZ, BMY, TXN, ABBV, AOS, & OHI). The total was $262.81. This was a 93% increase from February of 2021 where the total was $135.87. The increase was due to increased payments from five companies and new payouts from portfolio adds VZ and BMY. This is likely the last payment from T before they cut their dividend so we’ll see how they affects our totals going forward. However, we’ve added VZ over the last year which has the same payout months so it should help soften any loses.
In the month of January we continued our small purchases of companies already in our portfolio and made one larger purchase of TROW when it dropped significantly (though maybe slightly early). We purchased 1 share of AMGN for $226.69; 3 shares of AFL for $187.20; 10 shares of TROW for $1,597.00; 2 shares of ABBV for $271.96; 3 shares of MO for $152.67; 2 shares of OHI for $62.34; 2 shares of PRU for $221.12; 3 shares of VZ for $158.82; 2 shares of T for $50.52; 2 shares of WBA for $98.66; 2 shares of MET for $132.74; 2 shares of BMY for $129.68 and 1 share of INTC for $48.14. In total we purchased $3,337.54 worth of stocks this month.
For January 2022, the Divs4Jesus Portfolio received dividend income from nine different companies (SEIC, MO, LECO, GNTX, MSM, CMCSA, CIM, & FL). The total was $329.09. This was a 20% increase from January of 2021 where the total was $274.08. The increase was due to increased payments from all nine companies and despite no payment from SPG which paid out in December in 2021 instead of January. A great way to start the new year with a 20% gain from 1 less payout.
In 2021, Divs4Jesus increased its dividend income by 114% year over year. To see how it all went down click here.
Below is a list of all the stocks in our portfolio and their respective increases and or decreases in dividend payments from 2020 to 2021. We now have 45 stocks in our portfolio which is an increase of 6 from the 39 we had at the start of 2021. Out of these 45 stocks currently in our portfolio: (1) currently pays no dividend; (0) stocks saw a dividend cuts; (5) stocks did not increase their dividends; (1) resumed payments after suspending them in 2020; and (38) stocks did increase their dividend.
As compared to 2020 this was a nice bounce back from the cuts, and suspensions we saw at the start of the pandemic. Some of the numbers are a bit misleading as most of the larger increases like from AEG, SPG, FL, LEA are rebounds from prior cuts. Others though are real like VALE’s 500% increase (though likely a one off due to the pandemic). However, if we try to exclude of these skewed percentages that are more related to the pandemic then our solid winner for this year is AFL who increased their dividend 21.21% just beating out TROW (2020s winner with 18.4%) who topped their own 2020 increase at 20% in 2021.
Further, some that increased their dividends added a significant amount to the total dividends for the year. In particular was VALE’s dividend payments which ALONE equaled more than our entire 2020 total. Yes that’s not a typo – VALE paid out over $3,600.00 in dividends which put its yield over 20%. This was a side effect of the pandemic and the supply chain issues running the price of iron ore nearly 2x from the lows at the start of the pandemic. The price of ore has since halved so we don’t believe 2022’s dividends from VALE will be anything close to its record 2021 but so goes the ride when you invest in commodities. Lastly, we feel like we repeat this at the end of every year but VALE is a significant percentage of our portfolio both in market value and dividend income. And while we’ve made slow progress in the market value; we have brought it down from over 20% to under 15% (but we’d like to get it around 10% or less), in dividend income it again accounts for nearly 50%. We will take it when we can get it but we don’t want to be a one hit wonder and will continue to diversify out as we’d like no one stock to account for more than 10%-15% of our total yearly income.
For 2022 we hope the pandemic will continue to ease and the increases will continue.
2021 DIVIDEND INCREASES IN PORTFOLIO STOCKSBelow is a list of all stocks that are currently in the Divs4Jesus Portfolio. Please note some of these increases occurred prior to the purchase of the stock, however we still wanted to show the increases that happened in 2021.