April has come and gone. That means it’s time for the dividend income report of the month. Despite the fact that the busy season is upon me, I still try to ensure that I update my readers on my progress towards achieving financial independence through dividend investing. It’s going to be a long journey to get to that point. But, I plan on doing everything I can to ensure I reach my destination. If that means getting inspired by a motivational quote of the month, so be it. If that means taking the time out of my busy schedule to update my blog, then no problem. Whatever it takes. In many respects, April was a good month. But to see how good it was, let’s dig deeper.

Dividend Income

In April, I received a total of $31.47 in dividends broken down as follows:

APRIL 2018 NO. STOCK NAME SHARES DIVIDENDS 1 CSCO Cisco 32.7607 $10.81 2 KO Coca Cola 34.7081 $12.97 3 O Realty Income 36.2131 $7.69 103.6819 $31.47

Definitely smaller than the past couple of months and so I’m going to say this was an off month. However, $31.47 is still very respectable. I remember that when I just started this blog, my annual projected dividends was $30.13. So, I’ve come a long way. Now, I’m consistently making more per month than I was projected to make in a year when I started. It’s still not much, but it’s definitely growing exponentially in the right direction.

This is the first time I am able to do an annual comparison as indicated below:

It’s kind of hard to see so here is the raw data:

MONTH 2017 2018 Rate Change April $0.41 $31.47 7576%

As you can see, I had a 7576% increase in dividends over last year. I had to triple check the math. Although that’s great, I’m sure it’s only downhill from here. But, I’m going to enjoy this quadruple-digit increase as long as it lasts!

Finally, the Dividend Tracker has been updated accordingly.

Forward Annual Dividends

At the time of this writing, my forward annual dividends is $903.71. What’s interesting is that just a month ago, my forward annual dividends was $802.46. That is a 13% increase in just one month. I wish I could keep that up going forward, but it’s not every day I get a tax refund.

I’m inching closer to that 4-digit mark!







I added two new stocks in April: McDonalds and Kimberly Clark. Kimberly Clark pays dividends in April. Unfortunately, I didn’t purchase the stock prior to the ex-dividend date and so I have to wait until they pay dividends again for me to benefit. Of course, I will still be contributing to my dividend portfolio, including into these two stocks.

Conclusion

Although I had quiet month in terms of dividends earned, my forward annual dividends reflected the boost to my stock portfolio that I got from the tax refund. I’m so glad that I can finally make annual comparisons which will help me determine how well I’m improving. Patience and consistency are keys to success with Dividend Growth Investing and I plan to be very successful.

How was April for you? Let me know your thoughts by commenting below.