Dividend Income Report – April 2021

By | May 1, 2021
compounding

Another month gone. 2021 is flying by. I have been so crazy busy at work lately it’s not even funny. But, at least for a couple of weeks, I have some down time. What’s great is that no matter how busy I am, my dividends are working for me in the background. So, the plan is to keep buying more shares. The more shares I buy, the more dividend income I earn. Then those dividends buy me more shares that makes even more dividends. Compounding at its finest. So, with that said, let’s see how much dividends I earned in April 2021. I’m excited!

Dividend Income

In April, I earned $24.85 in dividends broken down as follows:

NO.STOCKNAMEDIVIDENDS
1KMBKimberly Clark$5.38
2KOCoca Cola$5.16
3MOAltria Group$11.87
4ORealty Income$2.44
$24.85

Not bad. That’s $24.85 that I didn’t have before. More importantly, that’s $24.85 more shares, which will eventually pay me more dividends. So, the dividend income snowball machine continues to work.

Annual Income

Here is a graphical representation of the dividends earned in April in relation to the dividends earned in previous years:

Here is the raw data:

MONTH20172018201920202021Rate
January$0.00$14.93$37.54$2.22$18.18718.92%
February$0.00$77.66$141.16$7.49$22.94206.28%
March$0.00$72.93$136.45$78.68$63.35-19.48%
April$0.41$31.47$55.39$0.33$24.857430.30%
May$2.85$79.33$142.69$2.23  
June$16.89$98.51$160.47$10.29  
July$5.99$42.32$59.68$6.67  
August$21.95$108.44$147.73$9.72  
September$28.72$111.15$151.66$30.19  
October$23.21$48.09$3.00$11.46  
November$62.11$124.92$7.18$15.84  
December$76.51$140.24$116.51$47.57  

Wow! I hope I did that math right. Basically, when compared to last year’s dividend income, I had a whopping 7430.30% increase. Although that’s quite an improvement, when considering the amount of money I earned two years ago, I’m still down. But one hurdle at a time. And so far, I’ve beaten last year’s number! It’s only a matter of time before the dividends earned in April exceeds that of the 2019 mark!

I have so many financial goals that it’s hard to do everything at once. I want to pay down debt, as well as rebuild my portfolio as fast as possible. But, regardless of what I choose to prioritize, I want to ensure that I always maintain a certain baseline. So, back in September 2020, I temporarily increased the minimum contribution to $750 per month to my dividend portfolio. Well, since then, and although not announced, I’ve managed to contribute $1000 per month for the past couple of months. Let’s hope the trend continues.

Forward Annual Dividends

At the time of this writing, the forward annual dividends is $494.34.  A month ago, my forward annual dividends was $490.64. This represents a 1% increase from the previous month. I’ll take it.

Part of the reason for the small increase was simply based on when I tracked the last forward annual dividends. Because I was late in publishing the dividend income report last month, the additional purchases that were made were already included in last month’s report (when ordinarily they would not have been). I hope that makes sense. It all evens out, but generally, the forward annual dividends gets increased by about 3% on a monthly basis.

What Expenses Would Dividends Cover?

Here, I visualize what expenses my annual dividend income could pay for. This is one of my favorite parts of pursuing dividend growth investing.

$494.34 per year is $41.20 dividends per month, on average. At present, I earn enough in dividends to cover Acorns, Hulu Plus, Amazon Prime and Netflix.  The next bill I am targeting is my student loans. That amount is $19.59 per month. The total amount needed until I can pay the next bill is $17.51 in dividends.  With any luck, hopefully I can cover this bill by the end of the year.

The following is a list of expenses I am targeting?

Conclusion

For some reason, I am both excited and highly motivated. I want to get rid of my debt tomorrow and I want to rebuilt my portfolio today. But everything in its own time. For now, I will keep doing what I can to build my portfolio and increasing the dividends I earn on a monthly and yearly basis.

How was April for you? Did you break any milestones? Let me know your thoughts by commenting below.

11 thoughts on “Dividend Income Report – April 2021

  1. P2035

    Its more interesting when ita up-down-up then just up and up 😉 KMB and KO are on my lookout as well, altough risky balances and high valuations for now. Sharing O and MO. Good values for both for now 🙂
    P2035 recently posted…2021 April dividendsMy Profile

    Reply
    1. Dividend Portfolio Post author

      Interesting is definitely one way to put it P2035. KMB and KO may be high valuations, but I figure that my dollar cost averaging my way into those companies I get the average cost of owning the shares anyway – given that my investment outlook is for the long haul. But I totally not wanting to get into a stock with high valuations. Good luck either way.

      Reply
    1. Dividend Portfolio Post author

      Thanks MDD. I don’t know how long I’ll be able to keep this higher increased contribution amount. I just did my budget for the month and I had difficulty paying all my bills. Time to take a hard look at my spending habits (which has been atrocious recently). But thank goodness for my earlier decision in transferring my hard-earned savings from the bank I use regularly to one that I don’t even have a debit card for. If I had instant access to that money, I would continue seeing the balance go down and down (which is why I did the transfer in the first place). So, not having that money instantly available for me to use forces me live within my means!

      So, to your point, I’m going to try and keep the increased contribution amount and treat it as a necessary bill like paying rent. So, if that forces me to drive more Uber and Lyft then so be it. If that forces me to eat out a little bit less (currently I eat out everyday) then so be it.

      Reply
  2. Abdullah Adnan

    I’m following your dividend stock portfolio to get monthly income from it.
    I also writing this kind of blog of mine, but in my mother languange in Indonesia Stock Exchange.
    Thanks for sharing.

    Reply
    1. Dividend Portfolio Post author

      Hey – good luck to you Abdullah and I hope you are successful with this strategy. Remember, I’m not any kind of financial advisor so I would recommend you do your own independent research and consult a qualified professional but I’m glad you found the information on this site useful. Welcome to the blog.

      Reply
    1. Dividend Portfolio Post author

      Awesome. Can’t wait to see how next month fairs.

      Reply
  3. Graham @ Reverse the Crush

    It’s awesome to see the 4 digit YoY growth! We both received dividends from MO. Everything good does take time. As for my April, I finally paid off my student loan while simultaneously building my dividend income. I wanted to do everything at once, but I had to appreciate the progress along the way. Looking forward to more reports in the future. 🙂
    Graham @ Reverse the Crush recently posted…Dividend Income April 2021: 47% YoY GrowthMy Profile

    Reply
    1. Dividend Portfolio Post author

      That’s excellent Graham. Congrats on paying off that student loan! I still have about $7000 to go, but because my interest rate is super low and my monthly payment is right around $20 per month, I’m in no hurry. So, I’m paying off my car first before tackling the student loan.

      Reply
  4. Pingback: Dividend Income from YOU the Bloggers! – April 2021

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