April 2016 Dividend Income
After two quiet months, Dividend Beginner hit it out of the park again this month, rivaling my records set in capital allocated and dividend income gains. Not to mention, it’s a new record month in dividend income thanks to the Dividend Beginner portfolio. In addition to this, I’ve increased my monthly dividend income to the point where every single month I will now be receiving $100+, and the average monthly dividend income has increased to $150… The goal I had originally set for achieving throughout the age of 24, while I am still currently 22. Let’s look at all the details for April 2016.
Summary of April Investment Activities
Throughout April, I’ve purchased:
- 57 shares of Inter Pipeline Ltd (TSE: IPL) at $26.10 (Annual Dividend Income + $88.92)
- 50 shares of Alaris Royalty Corp. (TSE: AD) at $29.22 (Annual Dividend Income +$81.00)
- 150 shares of TransAlta Renewables Inc. (TSE: RNW) at $12.32 (Annual Dividend Income +$132.00)
One of my holdings increased their dividends:
One of my holdings reduced their dividends:
*One dividend increase from a couple of months ago never made it to my Dividend Income spreadsheet, so we’re adding it here now
Annual Dividend Income Update
Another dividend cut from the cash-strapped energy sector company, Whitecap Resources Inc… I’m waiting for the stock to come closer to par before I wish to sell it. I’m comfortable with holding it right now and collecting the lowered monthly dividends, but I’m afraid it may eventually go the way of Pengrowth, and stop paying dividends altogether in the future. The W. W. Grainger dividend increase was uncomfortably low in comparison to what they’ve delivered in the past, and to hold the stock with such a small yield with such a small increase will prove difficult in the coming months as I optimize my portfolio’s cash generation.
Aside from that miniature drop in dividend income, April was a huge step forward, increasing my annual income by a whopping 18.70% in one single month. That’s nearly a fifth of my overall income added right on top. I added to two core positions, Alaris Royalty and Inter Pipeline, and made my first investment in clean energy with TransAlta Renewables, which I’m hoping to add in the future once they have proved themselves a bit more.
|Mar 2016||Net Increase||Apr 2016|
|Annual Dividend Income||$1,524.20||$284.05||$1,809.24|
|Monthly Dividend Income||$127.02||$23.75||$150.77|
April 2016 Dividend Income
|Non-Registered Taxable Account|
|Tax-Free Savings Account|
April’s dividend income blew all of my other months away. My highest month before this was January, just a bit over $100 in income, and here I am over halfway to $200.00. Every month going forward will now have over $100 in income attributed to it, which is just great when only two months ago it was my first month even receiving $100 in income.
Finally, we can begin to compare YoY changes as my investment anniversary was in March, and I first received dividends in April of 2015. Seems like a lifetime ago though it was only 52 weeks. I’ve come a really long way… In April of 2015 I received $25.01 in dividend income, and now in April 2016 I received $166.07. I’ve received $141.06 more in 2016 than 2015, and this marks a 564.01% YoY increase.
I’d like to keep track of my lifetime dividends as it will always be the largest number I can attribute to dividend income, and ultimately is all the passive income I’ve generated from the beginning of this portfolio to now. It’s a great chart to display exactly what you could accomplish when you save your earnings and invest in dividend growing stocks.
And I’m now skirting with my first $1,000.00 in dividend income! Another great milestone. And as always with investing, the second thousand will definitely come much, much faster.
How was all of my fellow investors’ April 2016? Any new positions? Dividend Raises? Dividend Cuts? Looking forward to May?