Dividend Update - April 2014
Somehow April is already in the books and now it's time again for my favorite monthly update, my dividend update. These dividend updates reflect all dividends that I receive through my investing pursuits and I hope can help inspire you to take control of your own finances and to invest to build a passive income stream. What you use that stream for is up to you, whether it's to fund early retirement, just provide some FI/FU money, or even to provide for an annual vacation; the key is that it can provide options and opens up all sorts of possibilities. April treated me quite well on the dividend front and finally cross $200 in one month for the January, April, July, October payout schedule. Dividend growth investing is hardly a get rich quick strategy as it takes time, consistency, and dedication to build up your portfolio and its' dividend stream. You can check my dividend income or progress page to see what dedication to an investment plan can give you. The beauty of investing in dividend growth stocks is that you don't have to spend 40 hours a week earning that money. The companies do the work for you and cut you a check. May will probably be the last month that I have automatically reinvested dividends since I decided to try collecting them in cash and reinvesting them with new capital. Time will tell if I keep it that way.
I received a total of $203.98 in dividends in my FI portfolio in April and have received a total of $1,143.30 so far in just 4 months. It took me over half of 2013 to pass $1,000 so it's been amazing to see the dividend stream continue to grow. I also received $23.85 in dividends in my Roth IRA which brings my total for 2014 to $66.51. April's total for my FI Portfolio was a 36.6% increase from January 2014 and a whopping 201.3% increase from April 2014. A lot of the increase from January was due to Coca-Cola not paying in January but making their first payment in April. Now matter how it comes an increase is an increase and still represents growth. I'm now 25.41% of the way towards my goal of receiving $4,500 in dividends this year and we're now 1/3 of the way through the year so I've got some work to do in order to meet my goal.
I made three purchases this month with two adding to existing positions and even starting a new one. I added to my position in Johnson & Johnson which seems like that's always a good idea. I also added to my position in American Realty Capital Properties but have yet to get a post up covering all of the juicy details. The purchase I'm most excited about is my new position in Starbucks. I don't necessarily think it's cheap here but it appears to be a Peter Lynch GARP stock, growth at a reasonable price. I think Starbucks still has a long road of growth ahead of them and in turn that should lead to higher dividend payments to me as a part owner. Besides making new purchases I also had some of my favorite things for my portfolio: dividend increase announcements. Make sure to follow me on Twitter for quicker, almost instantaneous updates about new purchases.
In total 5 of my holdings announced increases this month, although I was expecting 2 more to announce this month based on last years announcements. But Exxon and Chevron are announcing earnings and most likely dividend increases today and tomorrow, respectively, so what's a few days really. It's the payment that really counts. Thanks to the increases and purchases, my FI Portfolio's forward 12-month dividends are up to $4,270.02 and my Roth IRA forward dividends are at $225.03. My FI Portfolio's dividends are now 85.40% of the way towards my goal of $5,000 by the end of 2014.
I've added a new chart showing the yearly monthly dividend totals to show how the dividends received from my portfolio continue to increase. It's not always an increase as some companies have weird payout schedules and eventually you'll be forced to sell a position or two, but the long term trend is what matters. I'm currently averaging $313.11 in monthly dividends this year compared to $212.23 per month in 2013.
|Company||Dividend Amount||DRIP Shares|
|EOG Resources (EOG)||$1.01||--|
|Phillip Morris (PM)||$58.20||0.693|
|Realty Income (O)||$10.12||0.243|
|General Electric (GE)||$11.17||0.418|
|Baxter International (BAX)||$19.11||--|
|American Realty Capital Properties (ARCP)||$8.53||--|
|Bank of Nova Scotia (BNS)||$9.86*||--|
|Company||Dividend Amount||DRIP Shares|
|JP Morgan Chase (JPM)||$8.09||0.145|
|Phillip Morris (PM)||$11.28||0.134|
How did your dividends do in April? Set any personal bests?
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