Apr 01 2019

Dividend Income Report: March 2019

March is gone, but spring is here! Here in my corner of the Pacific Northwest, March started off with winter’s last gasp and it ended with mostly sunshine and the local flora blooming all around. I’m sure my pollen allergies will kick in later this month. That’s something I look forward to this spring and early summer. I’m glad to report that, while my dividend investing portfolio has still not fully recovered from December’s market correction, it has improved over February’s nearly flatline growth.

So how was March’s dividend total? Let’s do the numbers and see…

AWP $ 55.00
BGY $ 33.80*
CHW $ 21.00*
CIK $ 22.50*
CLM $ 41.06
DHY $ 33.25
DMF $ 10.50
DSM $ 19.25
EAD $ 9.57
EDF $ 45.00*
EHI $ 24.40
EXG $ 92.40*
HQL $ 57.75
NCV $ 45.50
OIA $ 4.10
PFN $ 36.00
RA $ 69.85
USA $ 41.25
VFL $ 15.00
ZTR $ 33.90
TOTAL $711.08

* Includes Return of Capital

As expected, March was my worst month of the quarter. However, March’s total of $711.08 was a bit more than I had expected.

Regarding dividend cuts, the only surprise was EAD slightly trimming its dividend from 6.02 cents per share to 5.98 cents (-0.66% cut). The pain of the expected cuts were certainly felt (Especially HQL’s 21% dividend cut. Ouch!).

With March’s ending so too does the quarter, so it’s time to take stock (pun intended) of the past three months’ performance. Compared to 2018 Q4’s $2694.01, Q1’s $2674.06 quarterly total proved to be a hair worse (-0.74%) but this is mainly due to the recent dividend cuts. From year-to-year, compared to 2018 Q1’s $2421.27, Q1 2019 is up a respectable +10.44%. That’s a pretty solid annual growth, so I don’t have any complaints.

Overall, March was a less than stellar month compared to the previous two months’ performance. I look forward to April’s dividend total, and I have my fingers crossed that it will prove to be another $1K month.

Image Credit: jarmoluk (pixabay.com)


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