Dividend Income Update April 2019

It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolios.

Without rehashing the wild ride we experienced in the market the last few months, I could find comfort in one thing, my dividends. As we all know, the market may move up and down irrationally and seemingly on a whim while our dividends remain much more stable, reliable and predictable. Sure, dividends may not increase every year and a cut or elimination is even possible but the odds are greatly reduced when you diversify among different companies and sectors and focus on dividend quality (free cash flow, EPS and payout ratios). Forget chasing the high yield unicorns and focus on the boring lower yielding but sustainable dividends. In the long run you’ll be better off. With that being said, let’s take a look at my April 2019 dividend totals.

Brokerage Account

Year to date dividends: $2,002.24

DateDescriptionAmount $
 04/01/19  ***INGERSOLL RAND PLC CASH DIV ON 89 SHS REC 03/08/19 PAY 03...47.17
 04/01/19  COCA COLA COMPANY (THE) CASH DIV ON 126.99777 SHS50.80
 04/01/19  ***ALLEGION PUBLIC LIMITED COMPANY CASH DIV ON 28.07368 SHS7.58
 04/02/19  KIMBERLY CLARK CORP CASH DIV ON 64 SHS REC 03/08/19 PAY 04/0...65.92
 04/10/19  ILLINOIS TOOL WORKS INC CASH DIV ON 58.44715 SHS REC 03/29/1...58.45
 04/11/19  PHILIP MORRIS INTERNATIONAL INC CASH DIV ON 40.66506 SHS46.36
 04/12/19  MONDELEZ INTERNATIONAL INC COM CASH DIV ON 32.19688 SHS8.37
 04/15/19  ***JOHNSON CONTROLS INTERNATIONAL PLC ORDINARY SHARES CASH D...30.93
 04/15/19  CARDINAL HEALTH INC CASH DIV ON 61.61456 SHS REC 04/01/19 PA...29.35
 04/15/19  ***CHUBB LTD COM CASH DIV ON 9.05059 SHS6.61
 04/17/19  ***DIAGEO PLC-SPONSORED ADR REPSTG 4 ORD SHS CASH DIV ON 43 ...58.66
 04/25/19  GENERAL ELECTRIC COMPANY COM CASH DIV ON 308.33683 SHS3.08
 04/30/19  ALTRIA GROUP INC CASH DIV ON 56.54623 SHS REC 03/25/19 PAY 0...45.24
Total: $458.52

ROTH Account

Year to date dividends: $752.93

DateDescriptionAmount $
 04/01/19  COCA COLA COMPANY (THE) CASH DIV ON 31.24548 SHS12.50
 04/02/19  KIMBERLY CLARK CORP CASH DIV ON 7 SHS REC 03/08/19 PAY 04/02...7.21
 04/11/19  PHILIP MORRIS INTERNATIONAL INC CASH DIV ON 7.11639 SHS8.11
 04/12/19  MONDELEZ INTERNATIONAL INC COM CASH DIV ON 44.27071 SHS11.51
 04/29/19  ***BANK OF NOVA SCOTIA CASH DIV ON 160.80676 SHS REC 04/03/1...103.90
 04/30/19  ALTRIA GROUP INC CASH DIV ON 27 SHS REC 03/25/19 PAY 04/30/1...21.60
Total: $164.83

IRA Account

Year to date dividends: $323.33

DateDescriptionAmount $
 04/12/19  VENTAS INC CASH DIV ON 80.04138 SHS REC 04/01/19 PAY 04/12/1...63.43
 04/30/19  LTC PROPERTIES INC CASH DIV ON 30.63749 SHS REC 04/22/19 PAY...5.82
Total: $69.25

Dividend income from my taxable account totaled $458.52 up from $420.31 an increase of 9.1% from April of last year.

Dividend income from my ROTH account totaled $164.83 up from $151.25 an increase of 9.0% from this time last year.

Dividend income from my IRA account totaled $69.25 up from $67.83, a year over year increase of 2.1%.

Grand total for the month of April: $692.60 an increase of 8.3% from April 2018.

An overall modest year over year increase which in my book is a win. Who wouldn’t want to continually grow their passive income stream in the face of so much near term price uncertainty. As mentioned above, stocks will rise and fall on a seeming whim but those predictable and reliable dividends keep chugging along.

Are any of these dividend stocks in your portfolio too? How was your April dividend income? Please let me know below.

Disclosure: Long all above

34 thoughts on “Dividend Income Update April 2019

  1. That’s some solid dividend income growth… and another step closer to financial independence. We don’t have much portfolio overlap… but after the next correction we will :).

    • Hi FF,

      Over time, most online DGI portfolios hold many of the same stocks. Nothing wrong with that. In the meantime it will be more of the same for me. Fresh capital each month, reinvestment and enjoying those dividend raises when they come. Dividends sure are the calm during the markets storm.

  2. Keith
    Nice stuff even considering that you still have GE (those guys owe you!). Almost $700 grand total, that was probably more than I ever made in my first high school job, for the entirety of my working there. Congrats!
    – Gremlin

    • Hi DG,

      GE, KHC, WFC and more… I have held on to stinkers before and most likely will continue to into the future though sometime in 2019 I would like to prune my holdings. I have about 12 new companies added as a result of spin offs some of which I don’t care to hold and others which don’t pay a dividend. It’s amazing how holdings can change over time with without having to do anything.

  3. Good Job. That’s the key is to focus on good quality dividends. That’s the good thing about dividends is they are delivered no matter if the stock market is up or down. Very solid dividend received and growth
    Doug recently posted…April 2019 DividendsMy Profile

      • If you are talking about like when Altria fell from the high mid $70s to where it is today then in that since you would be correct. If you mean dividends going away I don’t see that for good quality companies. You won’t see a lot of raises the longer a recession or depression goes on but I don’t see solid companies eliminating their dividend. Look at the Great Depression to see that many companies kept their dividend the same and some even raised them. Some will cut their dividend but hopefully those are far and few in between.
        Doug recently posted…APTS dividend IncreaseMy Profile

      • Hi FI,

        Not sure if I agree with your comment. While dividends are never guaranteed they, in general, are proof of real cash flow from company operation that gets passed along to shareholders. Sure, sometimes there is dividend “trickery” like borrowing to pay dividends etc. but in general looking at payout ratios and company earnings/debt load you can be relatively certain about a dividend’s prospects. Some dividend stalwarts have been paying dividends for decades if not longer through World Wars, inflation, deflation, recessions etc.

    • Hi Doug,

      Well said though sometimes the most solid well known dividend stocks falter from time to time. Look at GE, WFC, KHC and others. It’s all good. This is why we hold dozens of stocks and spread out bets to mitigate any nonsense some companies might be up to.

    • Hi DD,

      Look at our collective portfolio values these days as the market continues to tank. Net worth goes up and down each day but that income generation, while never guaranteed, is way more stable, reliable and predictable.

    • Hi DD,

      Every month in every month out.. I just want to show continued progress and growth. I hold winners and I hold losers but it’s that income generation I’m after. Let’s all keep it going!

  4. Great results Keith! Just think if we got raises like that at our jobs (and if you do, are you hiring?). Interestingly enough it looks like we only share three holdings in common from the quarter opening month. Multiple ways to skin a cat, and what you’re doing is working quite well.
    DivvyDad recently posted…KISS :: Consolidating AccountsMy Profile

    • Hi DD,

      I know… I think we forget to put those single digit raises into real perspective. We should be thankful our portfolios generate an ever increasing passive income stream. I guess we think different when it’s passive versus active income.

    • Hi BrokeInvestor,

      No complaints on my end. I’m happy with the progress made thus far. These days with lower markets we should all be enjoying some higher yield with our new purchases. Keep it going!

  5. Occasional months with modest YoY growth are part of the game. As always though, you continue to move in the right direction, DivHut. I see BNS led the charge for you. Unfortunately, it’s not one I have in common with you. April payers I do have in common are ITW, MO and CAH.

    • Hi ED,

      Nice to see we share some names though that CAH stock has been a dud for a while now. Oh well, it still continues to send income our way so it’s not all bad. Thanks for commenting.

  6. Hey Keith,

    Solid month. As you said, it’s great being a dividend growth investor and being able to not worry about market gyrations. It’s an entire reframing of the “question of investing”.

    Take care,
    Ryan

    • Hi GRB,

      The market sure is “gyrating” now 🙂 I don’t sweat it. Just stay the course, hold the winners and losers and collect those dividends. For me it’s all about income generation. Of course, I’m not against selling, as I am planning to shuttle some stocks in 2019 to “clean” my portfolio a bit. I hold about 12 new companies just from spin offs and it’s getting a bit out of hand.

  7. Great progress with some interesting companies. Congatulations with this fantastic month: almost $700. CAH is currently high on my watchlist, yielding above 4%.

    I’ll be back in June to see how you did during May. 👍

    • Hi dividendcompounder,

      Thanks for those kind words. CAH has been a real dud for almost two years now. Prices have been depressed for a while, which is offering up some juicy yield.

  8. Really solid month! Even a modest (almost double-digit) increase is a win as you mentioned.

    Kind of surprised that we only shared a single common payer last month. I can see a couple of interesting companies though, so we could share a few more next year!

    • Hi DD,

      Usually I share several names, at least, with most online DGI portfolios. Just goes to show there are many ways to skin this ‘dividend cat.’

  9. Strong en solid results. Apparantly we only share KMB and CAH this month. Mondelez is not a company I see often on other blogs, interesting!

    Keep up the grind, almost 9% yoy increase is great! I wish I would get a 9% raise on my salary! 🙂
    Mr. Robot recently posted…April 2019 dividend reportMy Profile

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