You are currently viewing Dividend Income Report: January 2021

Well, 1/12th of the new year is already done and in the books. The market has certainly stayed quite bullish, continuing its upward trend unabated. Are we in a bubble? Maybe, as many stocks are clearly overvalued and a correction sometime this year is a certainty when the market is this overheated. A future correction’s duration and impact is anybody’s guess, so I we’ll just have to find out when it arrives. I’ve never panic sold during corrections or crashes, preferring instead to ride out the storm (no matter how gut wrenching it can be) and snapping up some bargain priced stocks if I am able to do so.

Well, let’s do the numbers and see how my dividend income for January added up

AWP $ 44.00
AWP $ 44.00
BGY $ 33.80*
CIK $ 22.50*
CLM $ 40.05*
CODI $144.00
DHY $ 28.88*
EDF $ 20.00*
EXG $ 92.40*
HQL $ 9.00
NCV $ 29.75
PFN $ 36.00
PNNT $120.00
USA $ 48.00
ZTR $ 24.00*
TOTAL $736.38

* Includes Return of Capital

$736.38? Nice! However, it does come with a couple caveats. Thanks to December’s deferred payouts for AWP ($44) and USA ($48), January’s total got a nice $92.00 boost, making January look better than it normally would. Also HQL made a surprise extra dividend payout ($0.02 per share), adding $9.00 to the total as well.

Only one dividend cut occurred in January, with CLM reducing its monthly dividend from 18.53 cents per share to 16.02 cents per share (-13.5%). A relatively minor cut that will be slightly felt. The only other bit of news was that EHI failed to make its January payout, but that’s because it paid out twice in December, so the payout wasn’t really missed so much as arrived a month early.

Again, because I needed the cash, I sold off 15 shares of OHI at $36.0179 per share.

Overall, January was a good month. Not as good as past Januaries, but better than I hoped for the month.

Image Credit: jarmoluk (