My nonPension portfolio is will be paying an average monthly amount of $87.02 now thanks to one dividend increase and several dividend payments that were automatically reinvested in the securities that paid them out.
Over the next 17 years, the average monthly payments will have to increase by a little over 11.5% per year in order for me to reach my goal of an average of $560 per month in dividend payments. The current rate of growth is almost 15%, which is way more than is necessary, but that takes into consideration dividend raises that were higher than normal due to tax law changes that became effective at the beginning of this year. As raises begin to normalize next year, as I expect that they will, the annual growth rate will move closer to the necessary rate. I expect that regression to begin in January.
But for now, payments will be up by 50 cents per month on average going forward, thanks to the following:
✨HP Inc (HPQ) raised its dividend on November 13. The increase was 15% and will result in increased payments of 27 cents per month on average.
The remaining 23 cents will come from higher dividend payments due to reinvestment of dividends in the following securities:
AAPL, AABV, AMP, JPM, OHI, T, VZ, and WRK.
| Ticker | Shares | Avg Monthly Dividends | One Year Ago | % Change |
| AAPL | 5.210 | $1.27 | $1.09 | 15.87% |
| ABBV | 10.039 | $3.21 | $2.14 | 50.00% |
| ADM | 13.100 | $1.46 | $1.40 | 4.69% |
| ADNT | 1.000 | $0.09 | $0.09 | |
| AFL | 11.125 | $0.96 | $0.83 | 15.56% |
| AMGN | 3.206 | $1.41 | $1.23 | 14.78% |
| AMP | 5.365 | $1.61 | $1.48 | 8.43% |
| BA | 4.307 | $2.45 | $2.04 | 20.42% |
| BBY | 17.075 | $2.56 | $1.94 | 32.35% |
| BG | 9.575 | $1.60 | $1.47 | 8.70% |
| CAH | 7.409 | $1.18 | $1.14 | 3.01% |
| CCL | 11.696 | $1.95 | $1.75 | 11.11% |
| EAT | 10.878 | $1.38 | $1.38 | 0.00% |
| EMN | 7.487 | $1.40 | $1.27 | 9.80% |
| GEO | 26.495 | $4.15 | $4.15 | 0.00% |
| GILD | 6.397 | $1.22 | $1.11 | 9.62% |
| GLW | 28.768 | $1.73 | $1.49 | 16.13% |
| HBI | 25.085 | $1.25 | $1.25 | 0.00% |
| HOG | 13.005 | $1.60 | $1.58 | 1.37% |
| HPQ | 39.401 | $2.10 | $1.83 | 15.00% |
| INTC | 14.835 | $1.48 | $1.35 | 10.09% |
| IP | 14.355 | $2.39 | $2.27 | 5.26% |
| IRM | 16.520 | $3.36 | $3.24 | 4.00% |
| JCI | 10.543 | $0.91 | $0.88 | 4.00% |
| JPM | 8.542 | $2.28 | $1.59 | 42.86% |
| KSS | 12.308 | $2.50 | $2.26 | 10.91% |
| LAMR | 7.451 | $2.26 | $2.06 | 9.64% |
| LM | 17.286 | $1.96 | $1.61 | 21.43% |
| M | 13.619 | $1.71 | $1.71 | 0.00% |
| MPC | 17.159 | $2.63 | $2.29 | 15.00% |
| OHI | 18.451 | $4.06 | $4.00 | 1.54% |
| PAG | 11.480 | $1.42 | $1.26 | 12.12% |
| PFE | 16.282 | $1.85 | $1.74 | 6.25% |
| PRU | 6.556 | $1.97 | $1.64 | 20.00% |
| PSX | 6.428 | $1.71 | $1.50 | 14.29% |
| QCOM | 9.883 | $2.04 | $1.88 | 8.77% |
| R | 10.726 | $1.93 | $1.64 | 17.39% |
| SBUX | 8.221 | $0.99 | $0.82 | 20.00% |
| T | 17.598 | $2.93 | $2.87 | 2.04% |
| TGT | 7.598 | $1.62 | $1.57 | 3.23% |
| UNP | 6.380 | $1.70 | $1.41 | 20.30% |
| VIAB | 12.791 | $0.85 | $0.85 | 0.00% |
| VZ | 11.219 | $2.25 | $2.21 | 2.12% |
| WFC | 10.659 | $1.53 | $1.39 | 10.26% |
| WH | 7.371 | $0.61 | $0.00 | |
| WHR | 3.184 | $1.22 | $1.17 | 4.55% |
| WRK | 8.148 | $1.24 | $1.17 | 5.81% |
| WYND | 7.445 | $1.02 | $1.44 | -29.31% |
| | | | |
| TOTAL | | $87.02 | $78.49 | |
| Overall annual increase in dividend payments | 10.87% |
| Overall dividend yield -- dividends reinvested | 3.68% |
| Approximate annual growth rate including reinvestment and increases | 14.94% |
| Annual growth rate needed | 11.57% |
| Ahead of goal rate by | 3.37% |
| At current growth rate, monthly payment starting December 2035 | $929 |
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