September 2024 marked another strong month for my portfolio, showcasing the power of strategic investments and consistent dividend growth
1. Impressive Total Dividends in September 2024
- Total dividends in September 2024: $3,032.04
Crossing the $3,000 threshold for the month is a significant achievement! It reflects the ongoing success of investments and the strength of the companies in my portfolio. The continued growth demonstrates long-term strategy is paying off, leading to meaningful passive income.
2. Standout Performers
Certain stocks stood out this month, contributing heavily to the total dividends:
Broadcom (AVGO): The tech giant led the charge with a whopping $115.73 in dividends. Broadcom has consistently rewarded investors with its strong growth, and this year is no exception, showing that high-tech can be both growth- and dividend-oriented.
Discover Financial Services (DFS): DFS delivered an impressive $158.73, showing its strength in financial services. The stock’s consistent growth in dividends highlights its resilience even amid economic uncertainty.
Lockheed Martin (LMT): Contributing $121.45, LMT continues to be a key player in my portfolio. Defense and aerospace remain robust sectors, and Lockheed Martin’s payout is a testament to this.
3. Consistent Performers Across Sectors
The diversity of portfolio ensures stability. Several key names contributed strong, stable payouts, reflecting both defensive and growth-oriented strategies:
Johnson & Johnson (JNJ): JNJ continues to deliver solid returns with $69.45. Its reliability in healthcare has been a bedrock for consistent dividends.
PepsiCo (PEP): PEP’s $21.41 payout aligns with its historical growth pattern. This consumer giant is known for rewarding shareholders, making it a reliable part of income stream.
The Southern Company (SO): With $30.57 in dividends, SO has continued to shine as a steady performer in the utility sector, providing essential services that remain in demand.
4. Challenges and Changes
While the overall portfolio performed well, a few companies faced challenges:
3M (MMM): Dividends from 3M saw a sharp decline, dropping to $44.58 from its 2023 highs. This change reflects underlying issues within the company, likely due to restructuring .
BHP Group (BBL): This year, BHP’s dividends moved to October, impacting the September total. This is a scheduling issue.
5. Key Takeaways for September 2024
Crossing $3,000: Achieving more than $3,000 in a single month’s dividends is a huge milestone, showing that my portfolio is maturing into a powerful income generator.
Broad Strength Across Sectors: With tech (AVGO), financials (DFS), defense (LMT), healthcare (JNJ), and utilities (SO) all contributing meaningfully, portfolio is well-diversified and balanced.
Sustaining Long-Term Growth: Despite some challenges, the overall trend remains positive. The diversification of portfolio continues to serve well and providing both growth and stability.
Conclusion: Stay the Course for Continued Success
September 2024 dividends showcase the power of persistence and strategic investment. With more than $3,000 in payouts, we are seeing the fruits of compounding and long term investing.
