December has consistently been a standout month for dividend growth, reflecting the portfolio's strategic diversification and compounding returns. This December marked another milestone in dividend growth for the portfolio. With a total of $4,032.19 received, this represents a year-over-year increase of 8.14% and an impressive cumulative growth of 137.49% since 2020.
Surpassing $4,000 in December 2024 marks a pivotal milestone in this portfolio’s journey. This achievement not only reflects steady year-over-year growth but also underscores the compounding effect of strategic investments and reinvestments over the past five years.
Summary of Total December Dividends:
2020: $1,697.80
2021: $2,881.08
2022: $3,201.72
2023: $3,728.46
2024: $4,032.19
Growth Highlights:
Overall Growth: The total December dividends increased by 137.49% from 2020 to 2024, reflecting the portfolio’s strong strategic allocation and reinvestment strategy. This growth is a testament to the compounding returns over time.
Year-over-Year Trends:
2020 to 2021: 69.74% increase due to significant additions to high-yield assets.
2021 to 2022: 11.11% increase, showing steady portfolio maturation.
2022 to 2023: 16.42% increase, driven by market recovery and dividend hikes in key stocks.
2023 to 2024: 8.14% increase, highlighting consistent contributions from top-performing sectors and funds despite a more challenging economic environment.
Overview of December 2024 Dividends
In December 2024, several companies stood out with their impressive dividend distributions. Here are the highlights:
Symbol 2024 Dividend
AVGO $53.10
GILD $46.12
LMT $90.21
D $18.11
KTB $4.23
PRU $31.08
SHEL $46.69
ED $47.45
HSY $45.11
SCHD $41.58
FLO $24.75
UL $53.77
TGT $31.67
AGNC $10.28
LYB $46.06
AMGN $63.75
JNJ $69.97
HON $30.58
DFS $136.05
UPS $20.22
AFL $24.59
KR $8.38
WFC $41.64
VMCIX $357.74
HD $89.43
MMM $44.81
ADM $11.76
GILD $40.96
V $15.13
SO $30.82
CVX $51.14
MSFT $13.80
TGT $40.53
O $11.40
KO $15.12
UNP $70.70
TROW $85.68
FXAIX $170.20
Goog $4.00
VOO $9.10
VIIIX $720.00
Achieving the 2024 Goal
2024 was a pivotal year for dividends, with a year-to-date (YTD) dividend total of $19,271.66. The target goal for the year was $19,500. Though it fell short by a small margin, the overall growth reflects a strong investment strategy and disciplined financial management.
Standout Performers
Broadcom Inc. (AVGO): Broadcom ended the year with a robust dividend of $53.10, thanks to its continuous innovation and strategic acquisitions in the tech sector.
Lockheed Martin (LMT): With a dividend of $90.21, Lockheed Martin solidified its position in the defense industry, buoyed by key contracts and cutting-edge technology.
Discover Financial Services (DFS): DFS's significant dividend of $136.05 reflects its strategic expansion and robust financial management, making it a standout in the financial sector.
Hershey (HSY): A dividend of $45.11 highlighted Hershey's growth, driven by its innovative product lines and effective marketing strategies.
Microsoft (MSFT): Microsoft, a stalwart in the tech industry, issued a reliable dividend of $13.80, underscoring its sustained growth through cloud services and software solutions.
Sector Trends
Technology: Companies like AVGO and MSFT led the tech sector's dividend growth, driven by ongoing innovation and digital transformation.
Financial Services: DFS and WFC showed remarkable dividend increases, thanks to their strategic expansions and solid financial health.
Consumer Goods: HSY and UL were key performers, adapting effectively to market demands and consumer preferences.
Energy: SHEL and CVX demonstrated strong dividends, supported by global energy demand and strategic investments in renewable energy.
Conclusion
The December 2024 dividends reflect the dynamic and resilient nature of the market across various sectors. While the YTD dividends fell slightly short of the ambitious goal, the overall growth and strong performances are a testament to strategic investments. As we step into 2025, these companies' continued innovation and strategic initiatives will be crucial to watch. Investors can take confidence in the robust performances and look forward to potential opportunities in the coming year.
Feel free to share your thoughts on this analysis or discuss your investment strategies for the future. Happy investing!
