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It’s dividend income update time. This is one of my favorite times of the month, as I get to review the previous month of passive income received from my dividend income portfolio.

Without rehashing the wild ride we experienced in the market over the last few months, I could at least find comfort in one thing: my dividends (even if dividend cuts are very much on the table these days). As we all know, the market may move up and down irrationally and seemingly on a whim, all while our dividends remain much more stable, reliable, and predictable.

Sure, dividends may not increase every year and a cut or elimination is even possible (thank you, VFC), but the odds are greatly reduced when you diversify among different companies and sectors, and you instead focus on dividend quality (free cash flow, EPS, debt, payout ratios, etc.).

Keep in mind that there are no shortages of accidentally high yielding stocks, but you may want to look at real cash on hand when viewing balance sheets. With that being said, let’s take a look at my January 2023 dividend totals. The dividend income from my taxable account totaled $904.08.

Getting ever closer to four figures coming in a particular month is nothing to sneeze at. I’ll definitely take it, as passive income always seems a little sweeter than active income. And, seeing that passive income grow year-over-year only adds to that sweetness. Last January, my dividend income was $835.67. This year, at $904.08, my income has grown 8.2%.

As mentioned earlier, the markets may swing wildly from week to week and month to month, but dividends are seemingly more stable, reliable, and predictable. In today’s world that is filled with tons of uncertainty and guesswork, I’ll gladly take it.

Are any of these dividend stocks in your portfolio, too? How was your January dividend income?

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February 2023 Stock Considerations
Dividend Income Update December 2022
January 2023 Stock Considerations