September 2019 Dividend Income: Going SJW

Hard as it may be to believe, we have entered Q4 of 2019, also known as "Crunch Time".  With the beginning of a new month, it is once again time to take a peek at the dividends that the last 30 days have brought.  As such, let's dive in.

Kroger (KR): $0.97 up $0.13 from last quarter and up $0.55 from last year.  The quarterly increase was partially due to reinvested dividends, but a dividend increase did most of the heavy lifting.  $0.12 may not seem like much, but that is just shy of a share's worth of dividends.  So, even at this fairly early stage, you can see how those make an impact.

Best Buy (BBY): $3.50. Same as before.
AGNC: $0.17  Up a penny from last quarter due to reinvested dividends
CenturyLink (CTL): $0.26  Same as last quarter
Flowers Foods (FLO): $0.96 Same as last quarter
Realty Income (O): $0.70 Up a penny from last quarter, but the same as last month's
Wendy's (WEN): $0.71  Up a penny due to dividend reinvestment


That brings the sub-total to $7.27.  Another impressive YoY figure compared to last September's $0.78 total.  It wasn't quite ten-fold, but it came pretty close.

The 401K also threw in a little something, with $0.75 added.  This brings the grand total to $8.02, which is up $3.64 from last quarter Granted, the Best Buy dividend has a lot to do with that and that is something of a wild card due to mitigating circumstances, but I won't complain.

Bank interest threw in $3.83 of extra income.  Which is a $0.65 increase from last quarter and a $0.37 increase from last month.

This was a fairly light month in terms of purchases, with only two being clocked in.  The first was a share of the SJW group....What? That's a real company.  Their stock symbol is SJW....I'm not joking! Look it up!  They're a water utility based out of San Jose.  I'm going to go out on a limb and say that "San Jose Water" is where the abbreviation comes from, but it's still funny.  Not only was this one worth adding for the pure "kek" factor, but they're a freaking dividend king (50+ consecutive years of dividend increases) a pretty solid addition if I do say so myself.

The second was two shares of Bloomin Brands (BLMN), which is the corporate name for Outback.  They don't have as long a record of dividend growth as the other addition, but they do have a couple of consecutive increases under their belt and the payout ratio is low enough where it should have no problem continuing the trajectory.  On top of that, the food's pretty good, so there you go.

With only 3 months remaining.  It's time to put the pedal to the metal; not just to achieve the goals we all laid out back in January, but to build up momentum so that 2020 can be even stronger. 

                          "stock dividend" by CreditDebitPro is licensed under CC BY 2.0 

















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