Dividend Update: April 2015
Another successful month of dividend payouts are in the books. I love the dividend growth strategy, where the cash hitting my accounts is always expected to grow. I’m hoping to eventually build up large sums, and documenting this progress has been empowering proof that my investments are on the right track.
In April, the overall total dividends I received from 7 different businesses was $110.60. I used my automatic dividend reinvestment plan for all of them except Wal-Mart (WMT), which I combined with fresh capital to purchase Coca-Cola (KO) in my Loyal3 account. Here’s a snapshot of my dividend reinvestment activity over the month:
It’s beautiful watching those dividend reinvestment’s go to work. That $110.60 in dividends added $4.05 in forward income for a 3.66% yield with no activity from my part. My payouts of $110.60 grew 94.51% over last quarter in January when I earned $56.86. Going back even further my payouts increased 167.28% from last year’s $41.38. I’m very happy with these numbers and hope I’m singing a similar tune next year. Here’s my updated dividend payouts chart:
In 2015, I’m aiming to receive $2,050 in dividends which is almost three times last year’s goal of $750. So far this year, I’ve earned $455.96 which is only 22.24% of the way there. With dividend raises and new investments, my total should ramp up sharply toward the end of the year. Here’s how my goal is tracking through April:
Dividend increases do such great work by themselves each month and in April they added $26.03 in additional annual income that I didn’t have to work for. It would have taken a new investment of $867.67 at a 3% yield to earn that additional forward income. I was very happy with IBM’s raise which accounted for over half of this month’s total increases. KMI also impressed and seems to raise their dividend every quarter these days with this current increase representing a 14.29% change over last year. PG’s 3% raise was a little disappointing but forgivable if they’re able to find a way to start growing again. Even more disappointing was Chevron failing to increase their dividend from last year. They have some current headwinds with unpredictable oil prices, but I believe they’ll raise their payout by the end of the year and I’ll be following very closely.
After one year and eleven months of receiving dividends, my lifetime total equals $1,290.30.
Growth is the name of the game, and I witnessed a great month in that regard. At the end of each of these monthly write ups I find myself pumped up and motivated to keep at it. I’ll be looking to make an investment soon to add even more income to my ever growing dividend stream.
How was your April?