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May 01 2018

Dividend Income Report: April 2018

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So long April 2018! It’s been a somewhat busy month for me, as spring really arrived in the final week of the month. I updated the house a little, replacing 1990s polished brass door knobs with more modern satin nickel handles. In the latter part of the month we also jetted to Minnesota (our first visit to the state) to spend a few days with friends there. For the final week of the month we had a brief taste of summer before the clouds and rain returned last Friday.

Well, let’s do the numbers and see how my dividend payouts did in April…
AWP $ 50.00
BGY $ 38.00*
CHW $ 21.00*
CIK $ 22.00*
CLM $ 47.30
CLM $ 47.30
CODI $144.00
DHY $ 35.00
DMF $ 10.50
DSM $ 19.25
EAD $ 8.32
EDF $ 45.00*
EHI $ 24.40
EXG $114.00*
NCV $ 45.50
NRZ $ 90.00
OIA $ 4.30
PFN $ 36.00
PNNT $ 81.00
RA $ 69.85
VFL $ 15.00
ZTR $ 33.90
TOTAL $1001.62

* Includes Return of Capital

What? $1001.62?! O. M. G. It happened.

I’ve finally had a $1000 month! Whooo-hooo! This achievement was mainly due to NRZ’s payout and CLM’s makeup payout (because CLM didn’t pay out in March), thus making April such an astounding month. At the start of the year, I was fairly certain that I would attain the much desired $1000 month some time in 2018, but I didn’t think it would happen quite this early. However,CLM’s extra payout made breaking $1000 something of a fluke, so it may not happen again this year (but I hope it does!).

Now that the good news has been delivered, next is the bad news. Were there any dividend cuts in April? Of course there were! Let’s see what stocks were affected…
• EAD trimmed its dividend from 5.641 cents per share to 5.2 cents, a 7.82% cut and $0.71 drop in monthly dividend income.
• EHI cut its dividend from 6.35 cents per share to 6.10 cents, a 3.94% cut and $1.00 drop in monthly dividend income.
Fortunately, April’s two dividend cuts amounted to being just a small nick, so I won’t complain (well, not too much anyway).

Overall, April was a truly notable month with a long desired goal being reached and the usual dividend cuts being only very slight. Yes, April was an excellent month indeed.

Image Credit: jarmoluk (pixabay.com)

 

8 comments

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  1. Leguf (Carlo)

    Wow 1k! Very well!

    ciao – leguf

    1. Dividend Quest

      Thanks Carlo! It’s taken a long time to get to this point, so it’s certainly something to savor. I look forward to when a $1000 month happens on a regular basis.

  2. Dividend Diplomats

    Quest –

    Nice job crossing the month. What does May look like for you? What should be your typical big month?

    -Lanny

    1. Dividend Quest

      Thanks for visiting DD. May, being the 2nd month of the quarter, should be a $900+ month which is my typical big month. The 3rd month of the quarter is my typical small month as very few quarterly dividends pay out for me that month (and the ones that do don’t pay much).

  3. My Dividend Dynasty

    Congrats DQ! Great job breaking the 1K mark!!!! Super excited for you! I’m inching my way towards a 4 digit month. Getting there bit by bit, lol. Soon you will see a permanent 1K month and it will feel even more awesome! Congrats again! 😀

    1. Dividend Quest

      Thanks for visiting MDD! Five years ago my typical monthly dividend income was in the $400s and so a $1000 month seemed a very distant goal. But I stuck with it and kept growing my dividend investing portfolio. You’re right that someday a $1K month will be a common occurrence, so April was a pleasant taste of things to come. Keep growing your snowball and in time, $1K months will be common for you too.

  4. Mr. Robot

    Congratulations on crossing the 4-digit mark, that must be an amazing feeling when you are calculating your totals.

    Keep up the great work!

    1. Dividend Quest

      Thanks for visiting Mr. Robot! It is an amazing feeling having a 4-digit month. When I first started my dividend investing journey, a $1K month was something I could only dream about. But slowly and surely, I finally reached it. It’s a long and arduous journey, but it is attainable so keep at it.

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