May 10, 2018

Dividend Income - April 2018

All right, the month of April is over and it's time to tally up those sweet dividends. If you remember my April report last year, you know this is going to be a bit different kind of summary. That is because I'm going to include all my annual Nordic dividends in this report, no matter what month they actually arrive in my bank account (most will arrive in April anyway). I did the same thing last year, so this should be fully comparable. So, last year in April I managed to collect $1,256.71. Since then two stocks have left my portfolio: Agrium (AGU.TO) and General Electric (GE). On the other end there are also two new payers: Kimberly-Clark Corp (KMB) and PPL Corp (PPL). In total 22 companies paid dividend to me this month. Here is the comparison table of April 2017 and 2018 dividends:


CompanySymbolApr 2017Apr 2018
Algonquin Power & UtilitiesAQN.TO15.7318.06
Bank of Nova ScotiaBNS.TO15.9620.50
Baxter International IncBAX2.603.20
Cisco Systems IncCSCO13.6316.83
Coca-Cola CoKO11.8412.48
Kimberly-Clark CorpKMB020.00
Main Street Capital CorpMAIN5.556.08
Medtronic plcMDT5.599.20
PPL CorpPPL018.45
Realty Income CorpO7.399.22
Republic Services IncRSG7.688.28
Rogers Communications IncRCI.B.TO9.609.60
W.P. Carey IncWPC15.9219.28
Xcel Energy IncXEL11.5216.34
Agrium IncAGU.TO13.980
General Electric CoGE10.080
Fortum OyjFORTUM.HE319.00319.00
Metso OyjMETSO.HE105.00105.00
Nokia OyjNOK.HE21.2534.20
Nordea Bank ABNDA.HE201.50210.80
Sampo OyjSAMPO.HE253.00$286.00
Telia Company ABTELIA.HE65.14$69.17
Tieto OyjTIE.HE102.75$105.00
Valmet OyjVALMT.HE42.00$55.00
TOTAL
$1,256.71$1,371.69

All right, so the total this April was $1371.69. This means 9,1% increase year-over-year. Generally speaking I would like to see at least 20% growth every month, so this is clearly below that target. But considering the cash amounts, this is not a realistic target for April months.

If I exclude Nordic dividends from the picture counting only my North American investments, I will get these kind of numbers. April 2017: $147.07 vs. April 2018: $187.52. Increase of 27,5%. This clearly shows that I'm still making good progress within my active portfolio.

Good progress at XEL thanks to dividend raises and additional shares bought. And of course KMB and PPL as new investments compared to last year. But the biggest income producer (within my active portfolio) this month was BNS.TO. Here are my dividends in a graph:
Total dividends during months 1-4 this year: $2,038.20 This is 18,0% increase from last year. My goal for this year: $3,900. This would mean 18,7% increase to 2017's income. Wow, April has thrown me back every year, but this year less than previously. This year's goal looks very achievable now.

I stayed on the buying front through April and the beginning of May. I added to my existing positions at CU.TO, EMA.TO, ENB.TO, RY.TO, JNJ, MMM, PNW and TGT. But I also have a newcomer in my portfolio: Leggett & Platt, Inc (LEG). This Dividend Champion should bring a nice addition to my quarter-starting months, beginning from July. My Portfolio page has been updated to reflect these trades.

Nice. This year my Nordic investments didn't deliver big (negative) surprises and as a result my pace is looking good after April.  But now the eyes will turn into coming months. All these (North American) companies should pay dividend again in July. Before next ex-dividend date I'm currently looking to buy additional shares at KMB, MDT and PPL. I will buy more LEG too, since at the moment it's just a tiny starter position.

Please note that I don't make any currency conversions here. I report dividends as they appear in their own currency. This time BNS.TO and RCI.B.TO were paid in CAD, all ".HE" companies in EUR, and the rest in USD. Additionally all numbers are before taxes. This prevents currency fluctuations and tax hassles from affecting my progress.

Thanks for reading. Dividend Income page has been updated to include April dividends.

Disclosure: Long all stocks that paid dividend to me in April 2018 plus LEG.

6 comments:

  1. Man I just need JNJ and MMM come down a bit more. I'm definitely feeling tempted to add MMM this week as a new position as well add more JNJ. Will se how the market treat us. In the mean time I keep loading on the consumer staples. Nice progress hey I don't mind 9% growth either if I can sustain that growth for the rest of my life I would not complain at all. Thanks!

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    1. Any other month I wouldn't be too happy about 9% growth, but for April it's a good result.
      Can't really blame you for wanting to buy JNJ and MMM, since they are my cornerstone positions. Many DG investors are loading consumer staples, and I will join the crowd with KMB buy at least.
      Thanks for stopping by!

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  2. Hi DS... my first time visiting. Congrats on your steady progress over the years. To the right and up on all the charts... that's the way to do it. It appears that I picked a good time to visit as April is the month with lots of dividend activity for you. I share MAIN, O and WPC with you. They have been some steady dividend payers.

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    1. Hello ED. Thanks, to the right and up is the way to go. Indeed, April is a busy dividend month for me.
      Good to share MAIN, O, WPC with you. They have really been steady payers.

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  3. There it is Dividend Lord, I mean Dividend Snail. Congratulations on another great month and a very solid dividend increase!

    Bert

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    1. Ha! Thanks Bert. Can't complain here. Nice growth in April, which has been a bit problematic month in previous years.

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