April 2020 Dividend Income

As I'm writing this post, it's difficult to comprehend that April is already behind us and the year is already more than a third in the books with less than 8 months remaining.

Given that I discussed my dividend stock purchases for April last week and the expected dividend stock announcements for May the week prior to that, I'll be reporting my dividend income for the month of April 2020.

Analysis:

Overall, I collected $49.52 in dividends net of the $23.41 in Robinhood Gold fees and interest on margin during the month of April.

This represents an 8.1% quarterly growth rate compared to the $45.81 in dividends that I collected in January 2020 and a YOY growth rate of 56.4% compared to the $31.67 in dividends that I received in April 2019.

Delving into my dividend income further, I received $59.57 in dividends from the 15 companies in my Robinhood portfolio that paid dividends during the month of April, $13.11 in dividends from the 5 companies in my Webull portfolio that paid dividends during April, and $0.25 from the 11 companies in my M1 Finance portfolio that paid dividends in April.

When weighed against the $23.41 in Robinhood Gold membership fees/margin interest, the $3.71 in additional dividend income collected during April compared to January of this year was as a result of the following activity within the portfolio:

I received an additional $3.36 in dividends from Altria Group (MO) due to my purchase of an additional 4 shares in March.

Due to the timing of The GEO Group's (GEO) dividend payment and the purchase of an additional 4 shares in March, I also received an additional $7.68 in dividends from the prison REIT.

Another $0.72 in dividends received were from my 3 share addition to my stake in Realty Income (O) also in March and the most recent dividend increase.

An additional $2.09 in dividends were received from WP Carey (WPC) as a result of my purchase of an additional 2 shares in March and the recent dividend increase.

Another March purchase that provided me with a first time dividend during the month of April was that of my 16 share purchase of STORE Capital (STOR), which boosted dividend income by $5.60.

Yet another March purchase was Main Street Capital (MAIN), which provided me with my first dividend from the company of $2.26 for the month of April.

I received an additional $2.38 in dividend income from Ventas (VTR) as a result of my purchase of 3 shares of the stock in March.

GlaxoSmithKline (GSK) paid out an additional $0.47 in dividends compared to January as a result of its historically higher April payout.

I purchased an additional share of Philip Morris International (PM) in March, which boosted my dividend income by $1.17 during the month of April.

I purchased 4 shares of Iron Mountain (IRM) in my Webull account in January, which increased my dividends by $2.47 during the month of April.

Eastman Chemical Company (EMN) paid an additional $0.66 in dividends during the month of April as a result of my purchase of a share in March.

Albemarle's (ALB) recent dividend increase added $0.09 to my dividend income for the month of April.

Yet another dividend increase that boosted my dividend income during the month of April was PPL Corp's (PPL), which added $0.02 to my dividend income.

The final dividend increase came via Genuine Parts Company (GPC), which padded my dividend income by $0.08 for April.

The dividend income across my Robinhood and M1 Finance portfolios was $1.93 ($1.91 in Robinhood and $0.02 in M1 Finance) lower as a result of the timing of PepsiCo's (PEP) dividend.

Concluding Thoughts:

April was a record month for dividend income for an opening month of a quarter and I expect that my July income report will eclipse the $55 mark in net dividend income as I continue to use my dividends and fresh capital to pay down my margin to the first $1,000 in interest free margin within my Robinhood account.

Discussion:

How was your April in terms of dividend income?

Did you receive any dividends from new stocks in your portfolio for the first time as I did with STOR and MAIN?

As always, I appreciate your readership and look forward to reading any comments that you are encouraged to leave in the comment section below.