Tuesday, May 18, 2021

April 2021 Dividend Income

 As I'm writing this blog post, it's mid-May and we haven't received any meaningful precipitation in Central Wisconsin for almost two weeks!

To make matters worse, the temperatures have heated up the last few days to highs in the 70s Fahrenheit, which has led to persistently high risk of wildfires in my area.

Hopefully, we will receive more than trace amounts of precipitation in the near future as it's starting to resemble more of a desert here by the day.

With that aside, I will be delving into the intent of this post, which is to discuss the dividend income that I received during April 2021.



Analysis:

During the month of April 2021, I received $89.03 in net dividends.

Compared to the $80.26 in net dividends that I received in January 2021, this works out to a 10.9% quarterly growth rate.

Additionally, the $89.03 in net dividends collected in April 2021 equates to a staggering 79.8% YoY growth rate compared to the $49.52 in net dividends received in April 2020.

Going into detail by account, I received $78.99 in net dividends from 16 companies in my Robinhood account, $9.79 in net dividends from 5 companies in my Webull account, and $0.25 in net dividends from 11 companies in my M1 Finance account.

The following activity within my respective accounts resulted in an $8.77 increase in my net dividends from January 2021 to April 2021:

My net dividends increased $8.38 within my Robinhood account as a result of the elimination of my margin ($3.38 boost in net dividends) and the cancellation of my Robinhood Gold expense ($5.00 boost).

I received an additional $0.11 in net dividends from Cisco (CSCO) in my Robinhood account due to the recent dividend increase.

Another dividend increase that resulted in an extra $0.01 in net dividends in my Robinhood account came from Realty Income (O).

I received a $1.06 boost in my net dividends received from my W.P. Carey (WPC) position within my Robinhood account, which was due to a combination of the recent dividend increase and my recent purchase of an additional share of the stock.

My net dividends received from STORE Capital (STOR) increased $0.36 in my Robinhood account as a result of my recent purchase of an extra share of the stock.

I also received an additional $1.20 in net dividends from Philip Morris International (PM) within my Robinhood account due to my recent purchase of an additional share of the stock.

My net dividends received from GlaxoSmithKline (GSK) within my Robinhood and M1 Finance accounts were $2.10 higher as a result of my purchase of extra shares in my Robinhood account and the historically higher second quarter dividend.

I received an additional $0.02 from Albemarle (ALB) across my Robinhood and Webull accounts as a result of the recent dividend increase.

My net dividends received from Genuine Parts Company (GPC) within my Robinhood account were $0.94 higher due to the recent dividend increase and my purchase of an additional share of the stock.

Due to PepsiCo's (PEP) dividend payment schedule, my net dividends within my Robinhood and M1 Finance accounts were $2.07 lower.

The timing of Digital Realty Trust's (DLR) dividend payment resulted in a $3.36 reduction in my net dividends received within my Robinhood account.

Finally, the timing of JPMorgan Chase's (JPM) dividend payment within my M1 Finance account led to an additional $0.02 in net dividends.

Concluding Thoughts: 

Due to several dividend increases and consistent capital deployment over the past several months, my net dividends logged a solid 10.9% quarterly growth rate from January 2021 to April 2021.

What really is a testament to the power of dividend growth investing and consistent capital deployment, is the 79.8% YoY growth rate in net dividends from April 2020 to April 2021.

Since I'm anticipating that I'll be able to continue deploying $1,500-$2,000/month in capital for the foreseeable future, I'm forecasting that I will be very close to surpassing $100 in net dividends during July 2021, depending on what dividend stocks look attractive the next few months, and their payment schedules.

Discussion:

How was your April in terms of dividend income?

As always, thanks for reading and I look forward to your comments in the comment section below!

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