A new year and a new report for the first month of 2022. It’s been an interesting few weeks with earnings and the long awaited announcement of the AT&T dividend cut. I must say I’ve debated a few times whether or not I would sell my shares on the initial annoucement and later updates on what the spin / merger with Discovery would look like. I even commented on a few of your blogs that I really needed to make an actual decision (with subsequent investigation) on what I would do with my shares. The fact that I lost a few 100 euros on my position already didn’t help. Was it a case of loss aversion or did I simply not wanted to buy high and sell low?
In any case I didn’t make a real decision so I just rolled with it and then came the announcement, a cut of of 47% of the dividend. Ouch, that hurt pretty bad. In my previous update I reported my PADI for the first time (in a meaningful way) and with this cut I’m only barely above the 2000,- euro in forward income. This brings my experiences with cuts to a total of three: Disney, Simon Property Group and now AT&T. Not something I want to get used to! It’s a shame that my UPS position wasn’t that big because their dividend increase of 49% could have negated the entire T cut. Oh well, seves me well for not making a conscious decision this time.
In any case, I’m really thankfull that the rest of my dividends are still intact and here are my results of last month:
No less then 12 companies deposited their dividends into my brokerage account, ready to be reinvested (manually) in the same or other dividend stocks.
Here are the visuals:
And working towards my 2022 goal of €2250 in dividends received:
So we have started 2022! Fun thing to see when you keep track of your data is that my first month of dividends for 2022 eclipses my entire first year as a dividend growth investor. How amazing is that!
January 2021: €148,33
January 2022: €106,20
A big decrease of -28,40% compared to last year mostly caused by the loss of PPL payout and a special dividend I received from ORI last year. No worries, I’m still going strong!
The progress is definitely real going through my fifth year as a dividend growth investor starting back in March of 2017 (with a monthly total of €1,98).
As always my results are converted from their base currency to euro and are post-tax.
I would love to hear your thoughts on the results of this month and ofcourse on your own results. Please let me know in the comments!