Dividend Update - March 2022 #Dividend

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.

2022 continues to be a crazy one with the ongoing Ukraine conflict, continuing inflation, the Federal Reserve just hiked nudged kind of almost interest rates, the housing market continuing to be on fire, and now new lockdowns related to COVID in China. 
During March my FI Portfolio produced $1,299.28 in dividends with my Loyal3 FolioFirst Interactive Brokers portfolio chipping in another $12.29.  My Roth IRA added $112.26 and my Rollover IRA generated $595.95.  For the month I received $1,311.57 across my taxable accounts and $2,019.78 across all accounts.  

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 March the companies I own paid me $65.15 per day or $11.40 per hour assuming 8 hour work days.  Through the first quarter of 2022 those are $42.55 and $7.45, respectively.  We've got an extra minimum wage worker now! 

FI Portfolio

As I mentioned above my FI Portfolio produced $1,299.28 in dividends during March which was the first time I've had a March over $1,200 and we nearly crossed $1,300 as well.  Compared to March of last year, my dividends were 11.0% higher while the YTD period versus 2021 is showing an excellent 23.9% increase.

Roth IRA

My Roth IRA generated $112.26 in dividends during March which is a 5.0% increase compared to 2021.  Although that increase was partially due to Fastenal (FAST) moving their typical February payout into early March and Norfolk Southern (NSC) swapping from their March, June, September, December schedule to the February, May, August, November schedule.  When looking at just the companies that paid in both periods 2022 represents a 19.1% increase versus 2021.  The YTD comparison shows a 32.4% increase compared to 2021.

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 $595.95 in dividends during March which is a 42.0% increase versus March 2021 due primarily to additional capital being invested.  The YTD comparison shows a remarkable 31.0% increase as well compared to the same period in 2021.

Dividend Raises During the Month

Dividend increase announcements slowed down in March after February's blistering pace of 12 raises.  However, March was still a solid month with 4 raises announced from the holdings in my FI Portfolio that combined to increase my forward 12-month dividends by $24.91.

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.  Year to date in 2022 I've received 19 raises that increased my forward 12-month dividends by a combined $164.93.

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

March was a lackluster month for increasing my dividends due to the sale that I made of Leggett & Platt (LEG).  All told though my forward dividends still increased $40 during the month so I can't complain that much. 

Through the first 3 months of 2022 purchases have a healthy lead on dividend increases with dividend reinvestment well behind both.  My forward 12-month dividends have increased $239.98 through the end of March which works out to a monthly average rise of $79.99.  I'm hoping to get that pushed up to over a $100 average by the end of the year.

Looking Forward

My forward 12-month dividends for my FI Portfolio ended March at $9,859.94 while my Loyal 3 FolioFirst Interactive Brokers forward dividends are at $183.08.  That pushes the total taxable account forward 12-month dividends up to $10,043.02.  My Roth IRA's forward-12 month dividends are at $941.35.  My Rollover IRA's forward 12-month dividends are at $4,276.58.  Across all 4 accounts, assuming no dividend cuts or position size changes, I can expect to receive at least $15,260.95 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 March at $738.61 per month which is $39.83 higher or a 5.7% increase compared to 2021's monthly average of $698.78.  
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 March's changes.

With the 1st quarter already over and done with, how are you progressing with your dividends?  Better than expected or still more work to do?

Let me know in the comments below!


  1. Awesome job for the month. Deep into four figures from passive income is a serious amount. Curious why you let LEG go. Keep up the good work!

    1. I felt there were better opportunities. No real concern about LEG and it will probably be a stupid move to make when I look back in a few years. LEG is on the list to potentially be re-added though.

  2. Awesome results, JC! I'm really jealous of those numbers and can't wait to catch up with you.


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