Tuesday, May 7, 2019

April 2019 Dividend Income

May is already upon us, which is pretty difficult to believe. The time sure flies by between work, school, the blog, and writing for Seeking Alpha. Watching the Bucks make their deep playoff run also helps pass the time. In just three months, I'll be finished with my undergrad days and possibly most formal education aside from a certification or two. With that said, the passage of another month means it's time to examine what April provided to us in dividends.




$31.67 in total dividends, of which $31.42 were from Robinhood companies and the remaining $0.25 originated from M1 Finance.

Overall, I received $31.67 in total dividends during the month of April. Of this, $31.42 came from 10 companies in my Robinhood account while the remaining $0.25 came from 11 companies in my M1 Finance account.

This is an incredible 196.3% YOY growth rate compared to the $10.67 that I collected in April 2018. Moreover, it's a 22.7% quarterly growth rate compared to the $25.81 in dividends that I collected in January 2019.

Breaking it down, the $5.86 difference in April's dividend income versus that of January's dividend income include the following:

An additional $1.60 received from Altria (MO) due to my first dividends received on the two shares I purchased shortly after the ex-dividend date.

An additional $0.01 received from WP Carey (WPC) from the most recent dividend increase.

An additional $0.02 received from Realty Income (O) from their most recent dividend increase.

An additional $0.76 from GlaxoSmithKline (GSK) as their dividend fluctuates from quarter to quarter.

The notable subtraction from January to April is Pepsico (PEP) as their dividend schedule is a bit wacky with a dividend being paid in January and then March rather than April, and then June and September as expected. This made a $1.86 difference.

Notably, I received my first dividend from my 4 share position in Philip Morris International (PM) stock. This provided an additional $4.56 for me in dividends.

An additional $0.61 from Iron Mountain (IRM) as I received my first dividend on one of the shares I bought a couple months back.

An additional $0.13 from Genuine Parts Company (GPC) from their most recent dividend increase.

An additional $0.02 from PPL Corp (PPL) from their most recent dividend increase.

I also received an additional $0.01 from my M1 Finance account compared to January.

Summary: 

Overall, April marked my first $30+ month for the first month of the quarter. I also am continuing to make strides in increasing my income for the first month of the quarter with some anticipated purchases in the near future, which I will discuss in more detail soon. While my first month of the quarter income will never equal the other months, it would be ideal to come close to evening out my dividend income with the middle and end month of the quarters just for a steadier, less lumpy dividend income.

Discussion:

Did you reach any significant milestones in April? Did you add any new dividend payers like I did? As always, thanks for reading and I look forward to reading and replying to your comments.







4 comments:

  1. Excellent results Kody! I love it. Keep up the great work and keep the hustle going. I hope you can keep these 193% YOY increases up haha

    Bert

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    1. Thanks, Bert! I'd certainly love to triple my April dividend income for next year. That would be quite the milestone and get me approaching that $100 month milestone for a month that is always my weakest. Thanks for the comment.

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  2. Good job. Yes some of those companies have some funky payout schedules. I think its to throw us off but it doesnt work lol. Great YOY.

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    1. D&H,

      Yeah, Pepsi certainly tried to throw me off and they almost did. Between that and the always varying amount of dividends from GSK, it can be a bit difficult to predict dividend income at times. Thanks for the comment.

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