The month of April is officially behind us and it has been another exceptional month. I initiated a few acquisitions in April, starting with Philip Morris and ending the month with Union Pacific. Although, I wish I had picked up PM before the ex-dividend date, unfortunately that was a miscalculation on my part. As a result, the Philip Morris acquisition did not produce extra dividend income, but in the future it will.
Now I’ll come out and admit that I am still a student in Dividend Growth Investing and continue to learn everything about it. Though, what I have noticed that I previously haven’t, is that some companies change their dividend payout dates on annual basis. For example, I find that some companies that payed dividends in April 2014 are no longer paying in April of 2015 and actually dropped back a month which causes some fluctuating correlations. This month is a fine example, because dividend income causes some inconsistencies when comparing year to year performance.
In addition, TROW payed a special dividend to its shareholders. Gotta love companies who reward their owners with generous surprise bonuses. Not very likely to see that working for an employer.
I enjoy publishing these dividend income reports as I have gained a better understanding in how much of passive income is coming in every month and how much it is growing over time. For the month of April, I have received a total of 6 diversified direct deposits in the form of dividends. When comparing last years total in April 2014 to April 2015 dividend income , it presents a negative 2.2% year over year increase. The difference from last quarter is negative 21.1% quarter over quarter decreased growth.
- Baxter International, Inc. (BAX) – $11.96
- Coca Cola Co. (KO) – $9.24
- Kimberly-Clark Corp. (KMB) – $8.87
- Phillip Morris International, Inc. (PM) – $42.19
- Realty Income Corp. (O) – $8.98
- T Rowe Price Group, Inc. (TROW) – $24.00 (Special Dividend)
Total – $105.24
Goal: With 4 months behind, I am 27.6% of my goal complete.
The dividend income page is updated accordingly.
Thank you for reading & have a great day!