Another month is done and it’s time to look at the dividend income report again but first there is a small announcement.
I have updated the portfolio page to show my dividend portfolio. This is not all my holdings, just the dividend paying equities. I have manually entered the dividend paying tickers to a Google sheet so I can upload it. Since this is a manual process, the plan is to update it as infrequently as possible.
Let’s see what else….
I have included my dividend goals on the same page. Try to make $1000 in dividend income in 2023 and want to end reach $100 per month for every month in Q4 of this year.
The goal seemed like a nice, round number and achievable until I saw April dividend totals but I am going to keep the goals the same for now.
So for April, dividend income totaled $62.98 from 11 different tickers. 2 stocks had changes in their dividend from their last dividend cycle – 1 increase and 1 decrease.
Dividend changes in April 2023
- CSCO increased dividend by a penny. Past January the dividend was $0.38 per share and this time around it’s $0.39. A tiny 2.6% increase.
- The sad one, NLY cut dividend by 26% to $0.65. Previous dividend cycle, which was at the end of December, the dividend was $0.88 per share.
Dividends for April 2023
| Company | Ticker | Dividend amount |
| Iron Mountain | IRM | $9.90 |
| Seagate Technology | STX | $5.60 |
| Franklin Resources | BEN | $2.10 |
| Occidental Petroleum | OXY | $0.90 |
| Cardinal Health | CAH | $0.50 |
| Medtronic | MDT | $1.36 |
| Micron Technology | MU | $2.07 |
| Cisco Systems | CSCO | $0.39 |
| Altria | MO | $25.38 |
| Annaly Capital Management | NLY | $14.63 |
| Invesco S&P 500 High Div Low Volatility ETF | SPHD | $0.15 |
Year over year comparison
This April has been the worst of the last 3 years. (the time I have been tracking to this level). The dividend total saw a decrease of $16.37, about a 20% decrease.
Pretty much all the impact is from Occidental Petroleum where the dividend was $13.65 last April and $0.90 this April. I had a covered call that called away 100 shares at some point last year.
Dividend amount by month
Dividend amount by year
