Dividend Update - September 2021

dividend growth investing | financial independence | freedom | dividends

It's the end of one month and the beginning of another so it's time for my favorite update: my dividend update.  These dividend updates reflect all dividends that I receive through my investing pursuits. I hope they can help inspire you to take control of your own finances and invest to build a passive income stream. What you use that stream for is up to you, whether it's to fund early retirement, just provide some FI/FU money, or even to provide for an annual vacation; the key is that it can provide options and open up all sorts of possibilities. You can check my dividend income or progress pages to see what dedication to an investment plan can give you.

During September my FI Portfolio produced $1,230.49 in dividends with my Loyal3 FolioFirst Interactive Brokers portfolio chipping in another $11.00.  My Roth IRA added $92.50 and my Rollover IRA generated $487.96.  For the month I received $1,241.49 across my taxable accounts and $1,821.95 across all accounts.  You've got to love those end of quarter months!

Making Money While I Sleep

The power of joining the ownership class is that those companies can work much harder for you than you can.  Think about it.  By myself I have to devote my own time to a job in order to make money.  However, by buying a stake in a high quality business I now get to leverage my own time that I exchanged for money into companies that are working around the clock to make products or provide services for their customers.  Those companies are working 24/7/365 which means that I make money even when I sleep.

During September the companies I own paid me $83.27 per day or $10.41 per hour assuming 8 hour work days.  Year to date those numbers are $48.66 per day and $6.08 per hour.

FI Portfolio

As I mentioned above my FI Portfolio produced $1,230.49 in dividends during September.  Compared to June that's a 3.0% increase and compared to September 2020 that's a 13.8% rise.  

Year to date my FI Portfolio has produced $6,139.93 in dividends which is a decent 6.1% increase compared to the YTD numbers for 2020.  That's primarily due to my closing of some positions during 2020 as well as the handful of dividend cuts that were received last year as well.  Moving forward I expect 2021 to start distancing itself from 2020's results.

Roth IRA

My Roth IRA generated $92.50 in dividends during September which is a 9.7% increase versus June, but a 6.2% decrease compared to September 2020.  The year over year decline was due to Norfolk Southern changing it's payout date from the 3rd month of each quarter to the 2nd.  This will all even out over time, but it makes for some squirrelly comparisons for the time being.

Through September the YTD total for my Roth IRA is showing an excellent 16.7% increase compared to 2020 with $579.60 being received thus far in 2021.  Just about all of my cash is deployed for this account so further gains will be coming via organic dividend growth and dividend reinvestment until 2022 when I have a better idea on our tax situation for 2021 and can transfer funds.

Rollover IRA

In March of 2019 I mentioned that I would start reporting on my Rollover IRA.  The bulk of those funds are invested in dividend growth companies, although there's a few that aren't, so to give the cleanest picture I will show just the dividend growth investments during my monthly reports.  That being said I'm not too worried about any particular month/quarter of dividends since my current plan is to be a bit more active with these funds than I would in my taxable accounts.  

My Rollover IRA produced $487.96 in dividends during September which is a 4.7% increase from June.  Compared to September 2020 this years dividends showed a 53.8% increase due to additional capital deployment, dividend reinvestment and organic dividend growth.

The YTD total for 2021 sits at $2,733.71 which is an excellent 39.6% increase compared to the same period of 2020.

Dividend Raises During the Month

While the summer months were slow for dividend increases, September definitely ended the summer on a high note.  I received 9 raises from the companies in my FI Portfolio increasing my forward 12-month dividends by $73.26.  I love dividend increases because it means (1) the company is doing better and (2) I get paid more while doing absolutely nothing.  That's about as good as it gets.  So far in 2021 I've received 43 raises that have increased my forward 12-month dividends by a combined $569.25.

Dividend Increase Source

I've started breaking down the monthly dividend increase into its components: purchases, re-investment and dividend raises.  This lets me see what is the bigger contributor each month in my pursuit of financial independence.  I'm only tracking this for my main FI Portfolio since that is the portfolio that I want to ultimately provide the bulk of our income.
Dividend | Purchase | Stocks | Dividend Growth | Reinvestment

August came up just shy of making it 2 $200+ months and September officially made it so.  Purchases added the most to my forward dividends during September, namely purchases of Algonquin Power & Utilities (AQN).   The 9 raises during the month helped out as well adding over $73 to my income while requiring absolutely no work from me.  All together September saw my FI Portfolio forward 12-month dividends increase by $227.70 across the three legs of the dividend growth stool.

Year to date purchases and dividend increases are the far and away leaders to forward dividend increases with purchases now over $600 and raises adding over $500.  Reinvestment is well behind the other two although that's partially by design as I  been take most of my dividends in cash since commissions dropped to zero a few years back.  The 3 sources of dividend growth have combined to increase my forward dividends by $1,289.03 which is awesome to see considering there's still 3 months left to go for the year.

Looking Forward

My forward 12-month dividends for my FI Portfolio ended September at $8,822.98 while my FolioFirst forward dividends are at $178.43.  That pushes the total taxable account forward 12-month dividends up to $9,001.41.  My Roth IRA's forward-12 month dividends are at $881.64.  My Rollover IRA's forward 12-month dividends are at $3,957.99.  Across all 4 accounts, assuming no dividend cuts or position size changes, I can expect to receive at least $13,841.04 in dividends over the next year.

Monthly Average

The following chart shows the monthly dividend totals for each year that I've been investing as well as the monthly average.  It's not always an increase as some companies have weird payout schedules, as we saw above, and eventually some positions will get dropped, but the long-term trend is what matters.  

The rolling 12-month monthly average for my FI Portfolio ended September at $661.54 per month which is $29.41 higher or a 4.7% increase compared to 2020's monthly average of $632.13.  
dividend growth investing | dividends | financial independence | freedom

Dividends Received Breakdown
Dividends | Financial Independence | Dividend Growth Investing

I've updated my Dividend Income page to reflect September's changes.

How do you stand with your goals for 2021?  With just 4Q left in the year what are you doing to finish the year out strong?

Let me know in the comments below!


  1. $1,821.95 across all accounts...you cam smell that future $2K payout cooking in the background. It's going to feel awesome when you cross that line. And 9 dividend raises in one month to top it off is absolutely amazing.


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