Tuesday, May 3, 2022

April 2022 Dividend Income

As I'm writing this blog post, it's early-May. It's expected to be cloudy and highs will only reach into the low-50 degrees Fahrenheit range over the next couple of days here in Central Wisconsin. The good news is that high temperatures will reach into the low-70 degrees Fahrenheit in the days that follow. 

With April officially in the books, I'll be looking back at the dividend income that my portfolio generated for me during the month.




Analysis:

I collected $139.19 in net dividends during April 2022. This works out to an 8.1% quarterly growth rate over the $128.80 in net dividends that my portfolio produced in January 2022.

What's more, my net dividends surged 56.3% higher year-over-year compared to the $89.03 in net dividends that I collected from my portfolio in April 2021.

Digging in deeper, I received $128.55 in net dividends from 23 stocks within my Robinhood account. I also collected $10.48 in net dividends from five stocks in my Webull portfolio. Finally, I received $0.16 in net dividends from six stocks within my M1 Finance account.

My net dividend income increased by $10.39 from January 2022 to April 2022, which was the result of the following activity in my portfolio:

I collected an extra $0.03 in net dividends from American Tower (AMT) within my Robinhood account. This was due to the 0.7% increase in the stock's quarterly dividend that was declared in March. 

My net dividends received from Cisco System (CSCO) were $0.11 higher in my Robinhood portfolio. This is because the stock raised its payout to shareholders by 2.7% in February.

I collected an additional $0.01 in net dividends from Realty Income (O) within my Robinhood account. This was due to the 0.2% increase in the stock's monthly dividend that was declared in March.

My net dividends received from Leggett & Platt (LEG) were boosted by $1.68 in my Robinhood portfolio, which was the result of my decision to purchase four more shares of the stock last December.

I collected first-time net dividends of $5.98 from U.S. Bancorp (USB) within my Robinhood account. This was because I bought 13 shares of the stock back in March. 

My net dividends received from STORE Capital (STOR) were $1.15 higher in my Robinhood and Webull portfolio, which was due to my purchase of three additional shares of the stock in February.

I collected an extra $0.01 in net dividends from W.P. Carey (WPC) within my Robinhood account, which was because of the stock's 0.2% increase in its quarterly dividend in March.

My net dividends received from Medical Properties Trust (MPW) in my Robinhood portfolio were $7.25 higher. This was due to my purchase of 25 shares of the stock in January and February.

I collected an additional $0.78 in net dividends from GlaxoSmithKline (GSK) within my Robinhood account, which was because of the stock's varying dividend payment amounts.

My net dividends received from VICI Properties (VICI) were $1.44 higher in my Robinhood portfolio. This was due to my purchase of four extra shares of the stock back in March.

I collected an extra $0.08 in net dividends from Kimberly Clark (KMB) within my Robinhood account, which was because of the stock's 1.8% dividend increase in January.

My net dividends received from Coca-Cola (KO) were $4.40 higher in my Robinhood portfolio. This was due to my decision to purchase 10 shares of the stock in February.

I collected $4.25 in net dividends from Allstate (ALL) within my Robinhood account, which was the result of my purchase of five shares of stock in January and the 4.8% dividend raise in February.

My net dividends received from Genuine Parts Company (GPC) were $0.48 higher in my Robinhood portfolio. This was due to the stock's 9.8% payout hike in February.

I collected an extra $0.03 in net dividends from Albemarle (ALB) within my Robinhood and Webull accounts, which was the result of the stock's 1.3% increase in its quarterly dividend in February.

My net dividends received from Ventas (VTR) were $3.15 less in my Robinhood portfolio. This was due to my decision to sell off my stake in the stock in January. 

I collected $3.32 less in net dividends from PPL Corp (PPL) within my Robinhood account, which also stemmed from my choice to sell off my stake in the stock in January.

My net dividends received from Digital Realty Trust (DLR) were $3.48 less in my Robinhood portfolio. This was due to the timing of the stock's dividend payment.

I collected $3.23 less in net dividends from PepsiCo (PEP) within my Robinhood account, which was the result of PEP's dividend payment timing.

My net dividends received from JPMorgan Chase (JPM) were $4.00 less in my Robinhood portfolio. This was due to the timing of the stock's dividend payment.

I collected $0.11 less in net dividends within my M1 Finance account, which was the result of closing my VTR, PPL, and CAH positions, as well as the timing of PEP and JPM's dividends.

Concluding Thoughts:

My portfolio's net dividends are steadily growing with each passing quarter. And with my consistent capital deployment in the neighborhood of $3,000 each month, this should be my last month below $150 in net dividends.

Discussion:

How was your dividend income in April 2022?

Did you receive any first-time dividends as I did with ALL, KO, MPW, and USB?

As always, I appreciate your readership and look forward to your comments below!

5 comments:

  1. Looks like a great month of dividends for you Kody! And that's some fantastic YoY growth!

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  2. Thanks for the comment. I'm definitely excited to keep building out the portfolio!

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  3. Keep it up!

    I'm mostly invested on the Swedish market since that is where I live but the idea is to invest more in the us market. For now I have O, STAG, ARCC, UL, WPC, TROW, BBY but plan to add more.

    March, April and May is dividend-heavy months in Sweden so I received 1200 usd in total for April, May this year is great for me and I'm looking at 2200 usd which is more than what I received for the whole year prior to this. For the remaining year I'm expecting about ~170 usd a month. Hope to close full year at a total of 5000 usd.

    Curious, what's your savings ratio? Would love to invest those amounts monthly but that is close to my salary after taxes :D

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  4. Thanks for commenting. It's hard to go wrong owning O, WPC, and TROW, that's for sure. My savings ratio varies a bit based on the number of pay periods in a month (i.e., four months there are five and the rest of months, there are four each month), but I average around 73% of my active income. Including dividend reinvestment, it's closer to 75%.

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  5. Congrats on a solid month. Haven't published our dividend income for April yet but we ended up with over $4,200 in dividends. :)

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