«

May 11 2023

Dividend Income Report: April 2023

Well, spring *finally* has arrived. April brought some rain to the Pacific Northwest, but starting a few days ago the temps started rising and days are largely sunny. Yay!

As for the stock market, it has certainly had its ups and downs. The banking crisis seems to diminished, although it hasn’t completely gone away given the recent news about First Republic Bank’s government seizure and subsequent sale to JP Morgan. Concerns about the Federal debt ceiling and risk of the government defaulting is also weighing on the market. April saw inflation easing up a bit, which is good and I hope it continues to decline and return to a normal 2-3% annual rate.

Let’s do the numbers and see how April’s dividend income performed:

ARR $ 6.80
AWP $44.00
BGY $33.80
CIK $22.50
CLM $49.12
DHY $27.13
EDF $15.00
EHI $26.80
EXG $82.95
NCV $29.75
PFN $32.31
ZTR $24.00
TOTAL $394.16

* Includes Return of Capital

Ugh! It’s been a long time since I’ve had a monthly dividend total below $400 (Yes, there was last December’s sub-$400 total, but that total had deferred dividend payouts that arrived the following month, so December’s total was abnormally lower than it should have been. But April’s total was a completely normal month with nothing deferred.). This isā€¦depressing. šŸ™

Because I needed the cash (again), I sold off 30 shares of OHI at $27.00/share in April.

In April I bought a total 38 shares of ARR (13 at $5.20/share, 10 at $5.30/share, and 15 at $5.0037/share), giving my monthly dividend income a $3.04 boost which helps to mitigate the damage from the sold OHI shares.

The only other bit of “good” news is that there were no dividend cuts in April, so that’s one small bright spot.

Overall, April’s performance was depressing and as long as I keep selling off assets it will only get more and more depressing.

Image Credit: jarmoluk (pixabay.com)