As the excitement from the record breaking first quarter results dwindle, just like that the first month in the second quarter is behind us as well. While March tends to be a large month for dividend investors since it ends the quarter, April was a little lacking for my liking, at least for me anyway. But you can’t argue with growth of any kind when every little bit helps. See more details from April below:
CINF – $6.58
KO – $12.79
April dividends add up to $34.71 which represents a 122% increase from last year where I only made $15.62.
Let’s analyze a little further on the results. Looks great on paper having over 100% increase from the prior year. I am still working with smaller numbers as I grow and diversify the portfolio so big growth rates are easier to accomplish. Ideally, I would rather see larger dividend numbers over big growth rates as things start to grow. By no means am I trying to diminish my results because come on, I made almost $35 passively! I just like to critique myself in order to stay on track and push myself to get better.
With dividend growth, shouldn’t each respective month in the payment sequence be larger? Example: January/ April stocks should in theory have the same companies paying you. And after DRIP shares from January and any dividend increases since then, the total dividends collected should be higher. Most of the time, that is exactly what happens, but not always the case. As with my April compared to January.
My recent sell of HASI basically cut my month dividend total in half. However, KO has an unorthodox payment schedule so the first time they pay dividends is in the month of April. These two almost offset each other but KO pays slightly less since HASI is an REIT which pays a much higher yield. Lastly, if you were following along with my most recent buy of CAH, it also pays in April. Sadly, I missed the ex-dividend date so I won’t get paid for another few months from it. Either way, I am happy to have bought it on the dip for such a great price. That will just help set myself up for future months to come and get me closer to my dividend goal this year. All in all, I am very happy with the results this month and can’t wait to see what the next few will bring.
How did April treat your portfolio? Was this a slow month for anyone else? Are you on pace to achieve your goals? Comments are always welcome below.