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May 01 2017

Dividend Income Report for April 2017

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Goodbye April, hello May! Here in the Pacific Northwest, there was plenty of rainy days and nights, but there were also enough tantalizing warm sunny days to make me believe that winter is truly in the rearview mirror.

And with the start of the new month comes a look at how my dividend income added up for the previous month. So without delay, let’s do the numbers for April:

AWP $ 45.00
BGY $ 38.00*
CHW $ 21.00*
CIK $ 22.00*
CLM $ 44.43*
CODI $108.00
DHY $ 38.50
DMF $ 12.30
DSM $ 22.83
EAD $ 9.57
EDF $ 45.00*
EHI $ 30.00
EXG $114.00*
NCV $ 45.50
OIA $ 4.30
PFN $ 36.00
PNNT $ 81.00
RA $ 69.85
VFL $ 15.00
ZTR $ 33.90
TOTAL $836.18

* Includes Return of Capital

Awesome! April’s $836.18 makes it my second $800+ month for the year and a record setting month (the previous record holder was October’s $830.50). Dividend income is slowly but steadily improving despite the frequent dividend cuts. .

And speaking of dividend cuts, this month’s newest cut (jeez, it has become so common that I mention it every month now…) is by DHY, which gave its dividend a slight trim from 2.3 cents per share to 2.2 cents (a modest 4.3% cut). A slight nick.

Overall, April was a great month. I’m not sure if I will have a $900+ month this year, but as long as I stay the course and keep growing my portfolio, then it may happen.

Image Credit: jarmoluk (pixabay.com)

 

8 comments

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  1. Buy, Hold Long

    A very nice income for the month. Well done to you.

    1. Dividend Quest

      Thanks for visiting BHL! So far I’ve had four $800+ months (two last year and two this year) and I look forward to them becoming more and more common.

  2. Investment Hunting

    Congrats on the new April record and for crossing $800 twice this year. Very impressive DQ.

    1. Dividend Quest

      Thanks Investment Hunting! It’s taken several years to get to this point, but I’m glad to see my monthly dividend income slowly increasing. It wasn’t that long ago that a $700+ month seemed out of reach, but now it has become common. Persistence and consistency go a long ways towards improving one’s dividend income.

  3. Doug

    Good job. 1000 will be here soon but first 900 must be conquered. Keep it up

    1. Dividend Quest

      Thanks for the words of support Doug! I’m looking forward to cracking the $900 and $1000 “barriers” My main goal for 2017 is to have my projected monthly dividend income break $833.33 ($10,000/year). Having annual dividend income hit the 5-figure milestone would be a huge achievement for me.

  4. Dan

    Gotta prevent those cuts!

    1. Dividend Quest

      Thanks for visiting Dan! When investing in high yield high risk ETF stocks, it seems that dividend cuts come with the territory. If I want to keep investing in these kind of ETFs, then the only way to offset the damage from the cuts is to invest in dividend growth stocks. They will have a lower yield and lower risk, which means it will take a bit longer to reach my dividend income goals.

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