The first quarter of the new year is gone. Tax season is behind us. And don’t get me started on the last episode of Game of Thrones! We now enter the second quarter. As a Dividend growth investor, I can take comfort in the fact that my dividends are constantly working for me in the background. Even when Game of Thrones disappoint (looking at your Arya!), my dividends don’t. April was a slow month for dividend income. But slow and steady wins the race. My dividend portfolio continually works for me in the background.
Let’s see how much dividend income I received for the month of April.
Dividend Income
In April, I received a total of $63.76 in dividends broken down as follows:
| NO. | STOCK | NAME | DIVIDENDS |
| 1 | KO | Coca Cola | $16.55 |
| 2 | KMB | Kimberly Clark | $16.66 |
| 3 | CSCO | Cisco | $22.18 |
| 4 | O | Realty Income | $8.37 |
| $63.76 |
The first quarter is usually my slow month. I am happy that I crossed the $50 mark but I really want to get to triple digits for this month. I am patient and the dividends will only continue to snowball month after month.
Annual Comparison
Below is a graphical representation of my dividends so far:
Here is the raw data:
| MONTH | 2017 | 2018 | 2019 | Rate |
| January | $0.00 | $14.93 | $37.54 | 151.44% |
| February | $0.00 | $77.66 | $141.16 | 81.77% |
| March | $0.00 | $72.93 | $136.45 | 87.10% |
| April | $0.41 | $31.47 | $63.76 | 102.61% |
| May | $2.85 | $79.33 | ||
| June | $16.89 | $98.51 | ||
| July | $5.99 | $42.32 | ||
| August | $21.95 | $108.44 | ||
| September | $28.72 | $111.15 | ||
| October | $23.21 | $48.09 | ||
| November | $62.11 | $124.92 | ||
| December | $76.51 | $140.24 |
As you can see, I earned over $100% increase in dividends as compared to last year. Granted, that is not all organic growth. I do contribute monthly to my dividend portfolio. But, that is healthy growth right there!
The Dividend Tracker has been updated accordingly.
Adopt-A-Stock Project
I did not make any purchase in April. However, for the month of May, I’ve decided to adopt ABBV. I’ve already purchased one additional share and I’ll write about this more in June’s monthly dividend report.
Forward Annual Dividends
At the time of this writing, my Forward Annual Dividend is $1415.42. A month ago, my forward annual dividend was $1380.11. This represents an increase of $35.31 or 3.00% in my forward annual dividend income. I’m getting closer to that $1500 mark, which will happen in 2019. Now that I’ve once again increased the minimum contribution to my dividend portfolio, I hopefully will cross that threshold sooner rather than later. In any case, the dividends are slowly but surely working for me behind the scenes.
Conclusion
Well, there you have it. My dividend portfolio is moving along. April wasn’t the biggest month in terms of actual dividends received but the annual growth rate from last year is impressive.
I have some big plans for 2019 so keep reading to see what’s in store. Hint, I’m itching to buy another house. The big question though is where! Stay tuned!
Let me know your thoughts by commenting below.
The post Dividend Income Report – April 2019 appeared first on Dividend Portfolio.
