Over the last 2 months, I’ve made some significant progress in my journey to financial freedom. The newest big news is we sold our house! On top of that, dividend income is continuing to grow and net worth is moving back up… for now.
April Dividend Income
This month I received $1,024.43 in dividend income! On average, I was paid $24.39 from 42 different companies!! This month’s dividend income is a great 35.3% increase over April 2019.
That’s $267.25 more dividend income than last April! Not bad at all!
Dividend Income - April 2020
|1/4/20||Genuine Parts Company||GPC||94.01|
|2/4/20||Kimberly Clark Corp||KMB||47.08|
|3/4/2020||Eastman Chemical Company||EMN||23.10|
|6/4/2020||Iron Mountain Inc||IRM||121.02|
|09/04/20||Philip Morris International Inc.||PM||76.83|
|10/04/20||Johnson Controls International PLC||JCI||20.80|
|13/04/20||Franklin Resources, Inc.||BEN||18.90|
|14/04/20||MONDELEZ INTERNATIONAL INC Common Stock||MDLZ||14.25|
|15/04/20||Realty Income Corp||O||68.15|
|15/04/20||State Street Corp||STT||8.84|
|15/04/20||American Finance Trust Inc Preferred Shares Series A||AFINP||4.69|
|15/04/20||WP Carey Inc||WPC||10.40|
|15/04/20||Store Capital Corp||STOR||17.50|
|15/04/20||Stag Industrial Inc||STAG||14.40|
|15/04/20||Main Street Capital Corporation||MAIN||11.28|
|15/04/20||Park Hotels & Resorts Inc||PK||45.00|
|22/04/20||Cisco Systems, Inc.||CSCO||41.40|
|24/04/20||The GEO Group Inc||GEO||38.40|
|28/04/20||Bank of Nova Scotia||BNS||3.21|
|30/04/20||Consolidated Water Co. Ltd.||CWCO||2.55|
|30/04/20||JPMorgan Chase & Co.||JPM||36.90|
|30/04/20||PowerShares QQQ Trust, Series 1||QQQ||14.87|
|7/4/2020||Merck & Co., Inc.||MRK||3.05|
|15/04/20||Fulton Financial Corp||FULT||1.95|
|15/04/20||Illinois Tool Works Inc.||ITW||20.51|
|15/04/20||Starwood Property Trust, Inc.||STWD||9.60|
|16/04/20||North European Oil Royalty Trust||NRT||5.85|
|21/04/20||Rogers Sugar Inc||RSI||3.17|
|27/04/20||General Electric Company||GE||1.16|
|30/04/20||PowerShares Preferred Portfolio||PGX||2.95|
|∑ = 1,024.43|
Here is a chart of my passive dividend income progress over the last 5 years.
The dividend portfolio has been updated.
Here are the dividend stock purchases I’ve made between April 2019 and 2020 that have added to this dividend income growth.
April’s dividend income covers all my food, insurance and utilities for the month!
April Dividend Growth (Dividend Increases)
Here are the realized dividend increases I received this April. Dividend growth is always an exciting metric on which to report.
This April I received 8 dividend increases and zero of those dividend increases were over 10%! 🙁
Dividend Increases - April 2020
Name Ticker New Div Old Div % Increase Shares Addl Income WP Carey Inc WPC 1.04 1.04 0.001926782274 10 0.08 Bank Ozk OZK 0.27 0.26 0.03846153846 25 1.00 Total SA TOT 0.75 0.73 0.02049180328 74 4.44 Cisco Systems, Inc. CSCO 0.36 0.35 0.02857142857 116 4.64 Walmart Inc WMT 0.54 0.53 0.01886792453 47 1.88 Coca-Cola Co KO 0.41 0.40 0.025 113 4.52 Genuine Parts Company GPC 0.79 0.76 0.03674540682 120 13.44 Kimberly Clark Corp KMB 1.07 1.03 0.03883495146 44 7.04 ∑ = 37.04
April’s dividend increase adds $37.04 in annual dividend income! These dividend increases are the equivalent of investing an extra $1,058.29 of new money at 3.5% yield! It’s not a windfall, but it’s certainly not nothing!
Net worth jumped around quite a bit this month due to the home sale. The markets rebounded nicely which helped to recover some of the losses from last month.
Let’s do the numbers…
After the home sale, the cash account got some slight padding. I plan to keep this account growing but will probably hold off a bit and add any extra cash to investment accounts. Hard to not put money to work during these higher dividend yield times. We also have some miscellaneous furnishings to buy for the new house that will likely eat into the cash account over the next few months. Other than that, things seem to be going well here.
Our house sold! This is huge news for us and our journey to FIRE. We’ve now successfully eliminated our largest monthly expense and are mortgage free!
Even during Corona time, our home found a buyer. As compared to last years experience, where the house was on the market for 6 months, this home sale was a walk in the park. We ended up getting just about what we wanted. However, we had to do some rather expensive home inspection fixes, but we got it sold. It all worked out swimmingly in the end!
I think the biggest change this year was going with a larger real estate agency and a smart agent. I believe that really helped on the marketing side and follow-up.
With regards to the rental, our tenant is still paying rent without issue!
Obviously, not having a mortgage is going to be a wonderful thing. It’s not really set in yet that we won’t need to cough-up oodles of money every month. Of course there is still property taxes and insurance, but those are drops in the bucket in our new, smaller, more manageable home!
Dividend income made a new monthly record this month. On top of that dividend growth, while slow, still grew… even during a global pandemic! Clearly, dividend investing strategy is still working well (though, I have experienced some suspensions and cuts). Eliminating our mortgage is so huge for us and will shortly allow for larger monthly investments!
I hope everyone is doing well and staying safe! Keep growing that dividend income, I know I will!
This was a fantastic dividend income report. Between a record dividend income total, selling the house, and getting yourself closer to F.I.R.E, you are clearly firing on all cylinders here. keep pushing along and inspiring!
Thanks Bert! A lot of long-term plans are finally being acted upon and it’s an exciting time!
Great work on the house sale amid this climate, Blake.
Cracking the four-figure mark in monthly dividends on the back of huge +35% YOY growth is amazing.
Keep up the solid work.
Thanks Ryan! That quick house sale was a super blessing! Very excited to put that behind us and on to smaller, more manageable things 🙂
Dividend investing definitely is still working, even during a pandemic. Further, you’re income is spread enough that your portfolio can withstand anything. Crossing 4 digits during April is no joke.
Congrats on the home sale and making great moves.
Thanks Lanny, hitting 1k in these off months is great news! Hopefully, dividend suspensions/cuts won’t prevent it from happening next quarter!