Wednesday, May 1, 2013

Dividend Update - April 2013

With the books closed on April it's time for another installment of my favorite monthly update, the dividend update.  April was far from setting a personal record for dividends received but it was still well up over January 2013 and April 2012 more than tripling both of those monthly totals.  Of course, April 2012 was the near the beginning of my dividend growth investing process and January 2013 had less companies than normal pay out due to accelerating their payments to avoid possible tax hikes.  It's great to see the dividend amounts steadily increase.

I don't actively look to get my dividends spread out but it is nice to have a bit of payout diversification.  I purchased 18 shares of CAT and 18 shares of APD during April which will add an extra $88 to my annual dividend total before future increases.  As a bonus, both CAT and APD pay their dividends on the February, May, August, November schedule so I got a bit of monthly diversification with these purchases.  I did sell out of my small position in WM last week.  I've been disappointed with the dividend increases and since the market pushed it over $40 so I decided it was time to sell.  Other than that the portfolio was pretty quiet because the markets remain overvalued in my opinion.  I've been more active with options but have started to slow down on that and build some more cash.  I'm hoping for a chance to make some big purchases in May with a possible correction.  Here's to hoping the "sell in May and go away" cliche will come around this year.  My FI portfolio forward dividends sit at $2,309.25 and in my Roth they are at $214.95.  The FI portfolio forward dividends are now 65.98% of the way towards my goal of $3,500 by the end of 2013.

FI Portfolio - Dividend Income
Company Dividend Amount DRIP Shares
EOG Resources (EOG) $0.76 0.006
Coca-Cola (KO) $22.02 0.544
Phillip Morris (PM) $21.46 0.227
Medtronic (MDT) $23.47 0.503
April Total $67.71
2013 Total $504.81

Roth IRA - Dividend Income
Company Dividend Amount DRIP Shares
Walmart (WM) $4.28 0.057
JP Morgan (JPM) $6.22 0.126
April Total $10.50
2013 Total $58.41

I've updated my Dividend Income page to reflect April's changes.

8 comments:

  1. At the rate you're going, you'll have no problems pulling in $3500 in dividend this year. $3,500 is my stretch goal. I'm not sure if I'll get there or not, but I'm giving it my best shot.

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    1. MyFIJ,

      I won't receive $3,500 this year in dividends, but combined between option, interest, and dividends just might get me there. If I make now more purchases and no more option trades then I'll surpass my $2,750 goal for this year. If the markets ever do pull back then I'll be able to make a lot of purchases and push up my dividends for this year and going forward.

      Thanks for stopping by!

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  2. Congrats on a nice month. I'm hoping for a correction this month as well, but I've been hoping for one the past few months as well. :-(

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    Replies
    1. Stoic,

      Thanks. I'll take increasing dividends at any time. That elusive correction is annoying me, although maybe it'll be deeper the longer the markets refuse to pull back. I've been focusing more on option income when I find the right situation while waiting for the markets to cool down a bit.

      Thanks for stopping by!

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  3. Nice work on the increases for April. I'm beginning to think I may have been a little too conservative as far as expectations for 2013 market performance, but surely a correction must be in the works soon, even if it is just a 'mini' correction of 5%!

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    Replies
    1. Integrator,

      Thanks, I'll be glad when these kind of increases represent only 20% gains rather than 100%+ since that means the dividend income is that much higher. I think I was too conservative as well, although with the way the markets have shot up this year I think I'll be right on track. My purchasing activity is way down from where I would have liked it to be given the amount of cash I've been able to save. I've been thinking a correction was due for a while now so I'd gladly welcome one.

      Thanks for stopping by!

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  4. $3500 by the end of the year will be pretty incredible if you achieve it! Here's to hoping that you make it there.

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    Replies
    1. MMD,

      I really hope that I can get my forward 12-month dividends up to that level by the end of the year. If the markets hadn't taken off like they have this year I would be much further along. But we can only work within the constraints of what's presented to us so at some point the opportunity will come to make some big purchases.

      Thanks for stopping by!

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