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Thursday, May 3, 2018

Dividend Income Update - April 2018

April is one of my lower months in terms of dividend income. It is included with those other three months (Jan, Apr, Jul, Oct) that are my four lowest months of the year. I don't buy stocks based on the months so this is just how it has worked out. Most companies end up paying dividends in March, June, September, and December. Thus my results are usually skewed with those being my four largest months by far. 



Nevertheless, what I really care about is year over year (YoY) increases. As long as the months continue to grow at a solid rate then I will be happy.  

The companies that paid me this month are as follows:


TORONTO-DOMINION BK F TD $10.98
JPMORGAN CHASE & CO JPM $10.08
SYSCO CORPORATION SYY $7.20
BANK OF NOVA SCOTIA F BNS $10.82
GENERAL ELECTRIC CO GE $5.64
CISCO SYSTEMS INC CSCO $22.11
WESTERN DIGITAL CORP WDC $4.50
MAIN STREET CAPITAL MAIN $4.94
CARDINAL HEALTH INC CAH $14.33
PHILIP MORRIS INTL PM $20.33
DIAGEO PLC DEO $14.00
ALTRIA GROUP INC MO $10.50
HP INC. HPQ $9.47
KIMBERLY-CLARK CORP KMB $16.00
NIKE INC CLASS B NKE $2.80
COCA COLA COMPANY KO $28.47

This month I received $188.90 in dividend income! 

This is up from $137.75 for April, 2017. 

This represents a 37.13% increase YoY!

Now again this is one of my slowest months in the year, but the YoY increase is great. I know these YoY increases will start to slowly go down, but if I can continue getting numbers close to this I will be happy. 

This progress is proof that anyone really can do well from dividend growth investing. Even if I didn't invest another dollar I would still have YoY increases just because these companies are routinely growing their dividends. These increases tend to be anywhere from 5-20% a year depending on the stock. 

With the continued market weakness I may even be able to beat those YoY increases just because my money is going farther now. As the market declines the yields all rise and I've been able to double down on stocks I bought 3 years ago for cheaper prices and (you guessed it) higher dividends. 


How did you guys do in April? Let me know!

8 comments:

  1. Congrats on almost $200 in dividend income. That's really cool because it's money you didn't have to work for. 37.13% YOY increase is pretty awesome too.

    Haven't tallied our April dividend income yet but expecting to be between $1,400 to $1,500 range. :)

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    1. Thats awesome! I can't wait to be there one day! It seems far off, but I know it will be here very soon thanks to the power of compounding and dividend growth stocks!

      Thanks for stopping by!

      Best of luck!

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  2. Nice millenial

    Congrats on your income and year over year growth!

    Keep it up
    Cheers

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    Replies
    1. Thanks PC! Can't wait to see where i'm at in a few years!

      Thanks for stopping by!

      Best of luck!

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  3. Congrats on a solid month - that is some serious YoY growth!
    I only had 18% YoY growth and thought that was solid...you doubled that!!

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    1. Thanks Jordan! I hope I can keep it up, but I know the numbers will start to slowly decline! Either way the YoY growth will continue even if I stopped investing! That's the best part of dividend growth investing. 18% YoY is still very good!

      Best of luck!

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  4. That's a solid YoY growth MD and a good list of companies paying you dividends. I'm like you in that I don't buy the company based on the month it pays dividends, but April is a low month for me too.

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    Replies
    1. Indeed, it would not be smart to buy based on paymendt dates. Of course I would love every month to be even, it will not matter in the long term.

      Thanks for stopping by! Best of luck!

      Delete