April 2021 Dividends

Hello everyone,

Thanks again for stopping by. It is that time once again to review the previous month's dividend income. 

Let's take a look at what April brought in terms of dividend payments:

April 2021 Dividend Summary
Taxable Accounts
Company	Symbol	Date	Amount
UGI Corp	UGI	4/1/2021	$65.34
Cardinal Health	CAH	4/15/2021	$13.12
Bank OZK	OZK	4/19/2021	$64.12
Cisco Systems	CSCO	4/28/2021	$10.36
Taxable Accounts Total	$152.94
Roth IRA Account
Company	Symbol	Date	Amount
Kimberly-Clark	KMB	4/5/21	$10.96
Cardinal Health	CAH	4/15/21	$13.71
WP Carey	WPC	4/15/21	$56.78
Powershares QQQ Trust	QQQ	4/30/21	$5.99
Toronto Dominion Bank	TD	4/30/21	$16.11
Roth IRA Account Total	$103.55
Overall Dividend Income Total	$256.49
Forward 12-month Projected Dividend Income Total			$4,908.64

Transactions

Let's take a look at April transactions:

Buys

Buys	Qty
AFL	4
JNJ	17
MSFT	3
PG	1
WPC	1

• Aflac (AFL) - 4 shares were purchased, which results in $5.28 in forward 12-month income. I still find AFL to be fairly valued at the moment. The only problem being, that I already have 5% of my non-401k portfolio invested in AFL. As the good value options continue to dwindle, I may choose to still purchase more shares.

• Johnson & Johnson (JNJ) - 17 shares were purchased, which results in $72.08 in forward 12-month income. I continue to add shares of this company, even if the price is higher than what I consider to be fair value. Again, with good value options dwindling, I am comfortable buying shares in foundational companies like JNJ, even when slightly overvalued, moreso than lower quality companies at better prices.

• Microsoft (MSFT) - 3 shares were purchased, which results in $8.96 in forward 12-month income. See my justification for buying JNJ shares here, as the same reasoning applies. I am buying a bit into the hype, as even though the price has appreciated a great deal in the last few years, I feel they are setting themselves up for great growth in the future, as well as dividend increases. I am happy to dollar cost average into this company, as I am for JNJ.

• Procter & Gamble (PG) - 1 share was purchased, which results in $3.48 in forward 12-month income. See my justification again for buying shares of JNJ here. This is another foundational company that I am happy to add at slightly overvalued prices, given the value landscape.

• W.P. Carey (WPC) - 1 share was purchased, which results in $4.20 in forward 12-month income.

All totaled, these purchases add $94.00 in forward 12-month income. Extrapolated for 12 months of similar purchases, this would theoretically add $1,128.00 in additional forward 12-month income over the course of a year.

Sells

There were no sells for April 2021.

Dividend Income History

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

Month	2014	2015	2016	2017	2018	2019	2020	2021
Jan	0	$14.38	$14.42	$70.45	$72.34	$97.11	$237.62	$221.32
Feb	0	$49.07	$50.38	$112.01	$190.55	$178.07	$204.19	$186.53
Mar	0	$50.22	$52.16	$182.28	$232.83	$231.81	$422.58	$708.76
Apr	0	$10.83	$27.91	$64.56	$78.40	$70.34	$204.78	$256.49
May	0	$46.52	$59.42	$132.14	$162.41	$187.18	$220.09
Jun	$6.69	$47.51	$90.97	$198.86	$259.18	$195.35	$473.99
Jul	0	$18.99	$51.37	$168.64	$102.00	$80.81	$219.55
Aug	$33.96	$50.11	$86.07	$156.46	$183.50	$192.45	$220.94
Sep	$54.75	$55.61	$101.70	$226.17	$192.40	$211.61	$579.94
Oct	$10.94	$14.42	$72.53	$79.06	$133.64	$78.18	$132.19
Nov	$48.79	$50.11	$103.31	$158.18	$184.42	$167.86	$241.77
Dec	$63.55	$49.89	$168.03	$234.71	$255.99	$315.70	$603.75

The dividends received in April were not the most received in a month, but actually were the second highest amount received in a month at $256.49. This is actually saying quite a bit as normally in my time as a dividend growth investor, especially in the beginning, the first month of a quarter had been my lowest paying month by far. To see it as now my second highest amount (at least thus far) is surprising. That being said, this is only the fourth month of the year, and many more months are to come before the book is closed on 2021. I don't expect April 2021 to finish as my second highest paying month when all is said and done (if it does, then something went wrong).

Comparisons with the Previous Quarter and Year

Now, let's take a look at comparisons with the last quarter and year:

	%Chg Qtr	%Chg Year
Apr 2021	15.89%	25.25%

Both numbers being in the positive double digits show a nice growth over the last few months as well as the last year. Growth in the last quarter is likely due to the fact that I was able to contribute again to my Roth IRA, and added some shares of W.P. Carey (WPC), which pay out their dividend in April. I would probably attribute growth in the last year also to the purchase of shares of UGI Corp. (UGI). I look forward to continuing this growth over the months to come.

Conclusion

So that's a wrap for April 2021 dividends. It is always great to see them growing, especially for those months that have been traditionally lean. 

How was your April? Let me know below in the comments!