April 2020 Dividends





Hello everyone,

Thanks for stopping by, we are starting a new month, so you know what that means. It is time to summarize dividend income for the previous month.

So let's get to it, here are the dividends that were paid in April 2020:

April 2020 Dividend Summary
Taxable Accounts
CompanySymbolDateAmount
UGI CorpUGI4/1/2020$5.53
ProShares S&P 500 Dividend Aristocrats ETFNOBL4/1/2020$60.50
Cardinal HealthCAH4/15/2020$12.99
Bank OZKOZK4/20/2020$55.62
Cisco SystemsCSCO4/22/2020$10.08
Taxable Accounts Total$144.72
Roth IRA Account
CompanySymbolDateAmount
iShares Small Cap S&P 500IJR4/1/20$3.69
Vanguard Growth ETFVUG4/1/20$3.29
iShares Large Cap S&P 500IVV4/1/20$18.01
Kimberly-ClarkKMB4/3/20$10.20
Cardinal HealthCAH4/16/20$13.44
WP CareyWPC4/16/20$11.43
Roth IRA Account Total$60.06
Overall Dividend Income Total$204.78
Forward 12-month Projected Dividend Income Total
$3,583.63


Also, here were my transactions (buys) for April (there were no sells):

BuysQty
AFL17
OZK10
SNA4
WBA4

The Aflac (AFL) purchases will earn $19.04 in 12-month forward dividend income.
The Bank Ozark (OZK) purchases will earn $10.80 in 12-month forward dividend income.
The Snap-On Tools (SNA) purchases will earn $17.28 in 12-month forward dividend income.
The Walgreens (WBA) purchases will earn $7.32 in 12-month forward dividend income.

So in total, my April purchases alone will result in $54.44 in 12-month forward dividend income.


My Thoughts

So we are now into May, and unfortunately the Coronavirus impact is growing. However, the hope is that we have hit the peak with respect to the number of cases, and the number will start decreasing. I do worry about that number increasing again if things re-open too quickly. I try to keep an eye on the graphs to see where the numbers are going, so I will be interested to see what happens in May.

From a dividend perspective, I continue to be rather fortunate. I don't want to jinx it, but thankfully, none of my holdings have had dividend suspensions or cuts. Many are still increasing their payouts as of this moment. I will gladly take that and keep recording it in my monthly updates. When starting this portfolio, I generally focus on more conservative industries/companies/characteristics, so maybe that is a contributing factor. We'll see if this continues, or if cuts are on their way in May.


Dividend Income History

Now let's take a look at dividend income history in tabular and graphical form:


Month2014201520162017201820192020
January0$14.38$14.42$70.45$72.34$97.11$237.62
February0$49.07$50.38$112.01$190.55$178.07$204.19
March0$50.22$52.16$182.28$232.83$231.81$422.58
April0$10.83$27.91$64.56$78.40$70.34$204.78
May0$46.52$59.42$132.14$162.41$187.18
June$6.69$47.51$90.97$198.86$259.18$195.35
July0$18.99$51.37$168.64$102.00$80.81
August$33.96$50.11$86.07$156.46$183.50$192.45
September$54.75$55.61$101.70$226.17$192.40$211.61
October$10.94$14.42$72.53$79.06$133.64$78.18
November$48.79$50.11$103.31$158.18$184.42$167.86
December$63.55$49.89$168.03$234.71$255.99$315.70




As you can see, historically, this is the best April I've had. This is thanks to some recent purchases which pay out in the first month of the quarter (January, April, July, October), mainly Bank OZK (OZK). This is true, however income has decreased from the last quarter (compared with January 2020). The following table as well shows this.


%Chg Qtr%Chg Year
Apr 2020-13.82%191.13%

I'm guessing this is due to a difference in how some payouts have landed at the end/beginning of the months around the January and April months (ie, some that usually pay out the end of December, being delayed a bit into the start of January, but in the following quarter for March/April that trend reversing). Probably the longer time interval comparison of a year better shows the growth in income, more than a quarter comparison, as these quirks tend to even out. If all my income numbers increased by 191%, year over year, then I'd be doing pretty well!


So there you have it for April 2020. I'm happy with the growth in income, especially in this environment. It's an area to shift my focus toward, as opposed to just focusing on stock price, which has decreased in general since the start of this pandemic.

So, folks, thanks again for stopping by, and how was your April? Let me know below in the comments!










Comments

  1. Congrats on a solid report Seeking. It's good you didn't experience any dividend cuts. I haven't either. Fingers crossed that we don't either.

    ReplyDelete
    Replies
    1. Thanks! Since I posted this, I have been hit with a couple suspensions (DIS and KTB), but feeling good overall. Hopefully you're still not seeing any cuts/suspensions.

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