The Snowball Keeps Rolling – April 2019 Dividend Growth of 92% YoY $$$

63C38821-0343-4305-A892-C5A2455C4134We’ve closed the first quarter of 2019. I’ve managed to update my blog the last weeks so I’m happy to write about the income numbers for April. The first quarter was very encouraging as growth rates went through the roof. I’m very curious for my progress in dividend numbers YoY and QoQ in April. The first month of each quarter has always been a strong month for me in terms of absolute numbers, but also percentage-wise. I’m very excited about several new positions so let’s find out whether these new stakes contributed to my dividend income in April.

The Numbers

My dividend income for 2019/04 was $258.53. In this month I got several raises as compared to the dividend payment three months ago. This month included another small dividend increase from Realty Income (O). April included my first dividend income from my new position in JP Morgan (JPM), $4.80 to be exactly. Also Leggett & Platt (LEG) contributed a very welcome $7.98. I bought “alotta” shares of Altria (MO) and Philip Morris (PM) during the end of 2018 which resulted in a dividend of $69.60 and $30.78 respectively. This sums up to:

Bank of Nova Scotia (BNS) – $29.07

Illinois Tool Works (ITW) – $6.00

JP Morgan (JPM) – $4.80

Kimco Realty (KIM) – $70.00

Leggett & Platt (LEG) – $7.98

Altria (MO) – $69.60

Realty Income (O) – $3.84

Philip Morris (PM) – $30.78

Ventas (VTR) – $36.46

This makes the total amount of dividend income for this month a nice $258.53. My dividend income for January 2019 was $216.63 so that’s an increase of a nice 19% QoQ. My passive income for the month of April in 2018 was $134.50 so that’s an increase of 92% YoY. That’s quite a growth rate! Here is the graph YTD:

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Transactions during April

I bought 12 stocks of Abbvie (ABBV) for a price of $78.94. I like this stock for a market price below $80. Including this transaction I now own 29 stocks for an average price of $83.37. My first stocks were bought at a price around $92. That’s a nice 10% decrease by averaging down. I also bought my first 4 stocks of 3M (MMM) for a price of $192.14 after the big drop in price following its earnings report. At this price I still bought it at a P/E of 20 which is on the high side. Hopefully the price keeps swinging up and down the coming months so I can add to this position at an even more attractive valuation number.

Looking Forward

Another month above the $200 is in the books. I love this new normal. The focus on diversification seems to pay off. I’m less dependent of a small number of companies, especially REIT’s and the average dividend growth rate is increasing step by step.

CVS Caremark (CVS) was up 5% after their earnings report this week. The company is doing fine and the integration of Aetna seems to go smoothly. I increased my position in this company like many other members of the dividend investing community. Keeping a long-term focus is so important.

My stake in the tobacco industry has risen nicely with my buys in December and January. The FDA recently authorized the sale of the IQOS heated tobacco system in the U.S. market so that’s very beneficial for Altria (MO).

Please let me know which stocks you bought and whether April was a good month in terms of dividend income numbers. Thanks for reading.

Happy investing!

16 thoughts on “The Snowball Keeps Rolling – April 2019 Dividend Growth of 92% YoY $$$

    • Thanks Dividend Portfolio.

      It was a very good month in terms of dollars and growth. I’m very dedicated to my purpose of retiring early so allocating a couple of bucks extra each month feels really great. Thanks for stopping by.

      Happy investing 👍

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  1. Congrats on the big increase and new positions, new follower of yours and new blogger. I was busy building up my portfolio in April. Here’s to a strong May and beyond!

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  2. Excellent numbers compounder! You were not kidding about PM and MO adding a huge chunk of income to your portfolio. Those positions are looking SWEET right now. Keep the snowball rolling my friend.

    Bert

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    • Hi Bert, thanks for stopping by. You’re right. I was on MO and PM when prices hit multiyear lows. It seems a long time ago when PM traded in the $110-120 zone. I’d still love to increase my position in PM. Again, thanks for your comment. 👍

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  3. Great month Dividend Compounder! Out of your list, I also received some dividends from ITW and O this month.
    I like your recent buys as well. CVS was also one of my recent additions. I just couldn’t resist the price of $53. Hopefully, it will serve us well 🙂
    Keep it up and hopefully, the over-$200 months are really the new normal for you. On to the next milestone! 🙂
    BI

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    • Thanks for your kind words. I would love to have a biggen position in ITW and O. Maybe the recent uncertainties about a trade agreement between USA and China give us a nice opportunity to increase our positions.

      CVS is another one which I keep checking out. I like to add in the $ 50-52 range.

      I’ll visit your site to see how things evolve. 👍

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  4. Wonderful results, DC. Outstanding growth both QoQ and YoY. I like your ABBV purchase under $80, too. You’re building a dividend factory.
    I recently added GD to my portfolio.

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    • Thanks ED. I like pushing it forward step by step. It’s such an exciting investing strategy. Without any worries about selling or losses on paper.

      Congratulations with GD. I was ready to hit the buy button until I found out my broker doesn’t allow me to invest in this company, because they’re making (parts of) weapon systems. But, “Investing in BA and LMT is no problem, sir.” 🤣

      Like

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