April 2023 Dividend Income

As I'm writing this blog post on May 12, the temperature here in Central Wisconsin is expected to reach 70 degrees Fahrenheit and we are receiving some much-needed rain to green up the grass.

With that aside, now is a good time to discuss the dividend income that I received in April 2023. Let's dig in.

During April 2023, I collected $222.78 in net dividends. This works out to a 1.3% quarterly growth rate against the $220.01 in net dividends received in January 2023.

Compared to the $139.19 in net dividends collected in April 2022, my net dividends grew at a year over year rate of 60.1%.

Going into further detail, I received $212.73 in net dividends from 29 stocks in my Robinhood portfolio. The four stocks within my Webull account produced $9.90 in net dividends for the quarter. Finally, I collected $0.15 in net dividends from seven stocks in my M1 Finance portfolio.

My net dividends received across my accounts edged $2.77 higher, which was due to the following activity:

I collected an extra $4.68 in net dividends from American Tower (AMT) within my Robinhood portfolio, which was the result of the timing of the dividend payment.

My net dividends received from Comcast (CMCSA) grew by $0.50 in my Robinhood account. This was due to the 7.4% dividend hike announced in January.

I collected an additional $0.22 in net dividends from Cisco (CSCO) within my Robinhood portfolio, which was the result of the 2.6% payout increase declared in February.

My net dividends received from Dollar General (DG) increased by $2.36 in my Robinhood account. This was due to my decision to open a position in the company in March.

I collected an extra $0.01 from STAG Industrial (STAG) within my Robinhood portfolio, which was the result of the 0.7% dividend raise in January.

My net dividends received from W.P. Carey (WPC) also rose by $0.01 in my Robinhood account. This was due to the 0.2% dividend increase announced in March.

I collected an additional $1.35 in net dividends from Main Street Capital (MAIN) within my Robinhood portfolio, which was the result of my purchase of six shares of MAIN in January.

My net dividends received from Realty Income (O) increased by $0.12 in my Robinhood account. This was due to the 2.4% dividend raise declared in February and the 0.2% raise in March.

I collected an extra $0.09 in net dividends from GSK Plc (GSK) within my Robinhood and M1 Finance portfolios, which was the result of the variability of its dividend payments.

My net dividends received from Kimberly Clark (KMB) increased by $0.08 in my Robinhood account. This was due to the 1.7% dividend increase announced in January.

I collected an additional $4.60 in net dividends from Coca-Cola (KO) within my Robinhood portfolio, which was the result of the timing of the dividend payment.

My net dividends received from FedEx (FDX) increased by $1.15 in my Robinhood account. This was due to my purchase of another share in December.

I collected an extra $5.00 in net dividends from Automatic Data Processing (ADP) within my Robinhood portfolio, which was the result of my purchase of four shares in February.

My net dividends received from Genuine Parts (GPC) rose by $0.33 in my Robinhood account. This was due to the 6.1% dividend hike declared in February.

I collected an additional $0.20 in net dividends from Allstate (ALL) within my Robinhood portfolio, which was the result of a 4.7% payout raise announced in February.

My net dividends received from Albemarle (ALB) grew by $0.03 in my Robinhood and Webull accounts. This was due to the 1.3% dividend increase declared in February.

I collected $6.02 less in net dividends from JPMorgan Chase (JPM) within my Robinhood and M1 Finance account, which was due to the timing of the dividend payment.

My net dividends received from PepsiCo (PEP) in my Robinhood and M1 Finance portfolios were $4.62 lower. This was the result of the dividend payment timing.

I collected $7.32 less in net dividends from Digital Realty Trust (DLR) in my Robinhood account, which was again due to the timing of the dividend payment.

Concluding Thoughts:

Since I plan on maintaining my monthly capital deployment in the range of $3,000 to $3,500, my net dividends should continue to steadily grow at a rapid rate moving forward.

Discussion:

How was your dividend income last month?

Did you receive any first-time dividends in April 2023 as I did with ADP and DG?

Thanks for reading and please feel free to leave a comment below!