You are currently viewing Dividend Income Report: September 2023

(Sorry for being late to post again, but I just didn’t feel the urge for most of this month.)
Well, summer is definitely over and autumn is in full swing. Trees are shedding their leaves, rain is becoming more frequent, and it’s becoming more colder as we steadily march towards winter. Regarding the market, September was a bleak month with the Dow going down as often as it went up.

So let’s do the numbers and see how my dividend income performed in September.

ARR $44.00
AWP $44.00
CIK $22.50
CLM $73.68*
DHY $27.13
EDF $15.00*
EHI $26.80*
EXG $82.95*
NCV $23.80
PFN $32.31
USA $48.00
ZTR $15.00*
TOTAL $455.17

* Includes Return of Capital

Well, $455.17 is bit better than last month’s $395.41. Of course, this is mainly due to the sale of BGY and buying up more shares of CLM and ARR last month, which gave the month a needed boost. Plus the timing (after the ex-div date) of my sale of USA shares helped as well, so I received the full payout for USA.

Again, because I needed the money, I sold off 200 shares of USA at $5.95 per share. Some of the money from the sale went towards buying more shares of EDF. First 5 shares at $4.29/share and then later 20 more at $4.30.

Unrelated to dividend investing, I also bought 8000 shares of VDRM at $0.01/share. VDRM is a very volatile penny stock, and I hope to take advantage of its volatility by buying it when it’s low, selling it when it’s about 30-35% higher, then buying it up when it’s low again. Wash. Rinse. Repeat. It will be an interesting experiment in seeing just how far I can take it when I started out with just $60.

It should also be noted that ARR did a one-for-five reverse split. I now have one-fifth the number of shares (from 550 to 110) and its monthly dividend payout has grown five-fold (from $0.08/share to $0.40/share). Fortunately, my ARR dividend income has not changed (for now…). As of this writing, ARR has an insane yield of over 30%. I seriously doubt this is sustainable and a dividend cut will probably arrive soon (such as with the start of the new year).

Unfortunately, I do have a dividend cut to report. ZTR cut its monthly dividend from $0.08/share to $0.05/share (a 37.5% cut), shaving $9.00 per month off my monthly income. It’s not that big of a cut, but it’s noticeable.

Overall, September wasn’t a bad month (although I have seen better September dividend totals).

Image Credit: jarmoluk (