The month of April is not quite over yet, but my passive dividend income for April has all arrived in my accounts. The end of the month is one of my favorite times, because I get to tally up the passive income that I earned from dividends over the previous 30 (or so) days.
April was the first month of the second quarter. This means that fewer companies tend to pay out, which hurts my income from my 401k fund. Regardless, all of the companies that I own continued to work making money for me.
Every share that I own is an ever-so-small slice of the company that issued the shares. In effect, I own 0.0000000001 percent of these companies (or some other such minuscule number). Regardless, I love the fact that they work on the other side of the world while I’m sleeping to make me money.
Regardless of what I do in a given month, I get paid. Of course, I have a regular job and work hard to supplement that income, but it’s good to know that I have a growing stream of passive dividend income. Here are the companies that paid me in April:
Passive Dividend Income For April 2017
Coca-Cola (KO) $3.24
Realty Income Corp (O) $2.11
General Electric (GE) $9.60
JP Morgan Equity Income R5 (OIERX) $0.01
TOTAL DIVIDENDS FOR APRIL 2017: $14.96
Yes, I earned a whopping penny from my 401k. Not terribly impressive, but better than nothing, I suppose.
Admittedly, not even reaching $15 might cause frustration for many people. However, when I look at this amount and compare it to the same month last year, I earned only $8.90 last year. This means that I increased my dividend income by 68% in just 12 months.
Increases of this size will not continue indefinitely, but they are pretty cool. They also help me build up my passive dividend income. They are important building blocks toward my goal.
I’ve now earned $105.31 so far in 2017. At this point last year, I’d earned only $33.27. This means that my passive dividend income is up 217% in just a year’s time. Pretty cool. Onward and upward.
I have to point out one thing, however. I sold all of my taxable investments over the past month, because, as I noted previously, Loyal3 is shutting down. As this was my taxable investment vehicle of choice, I sold out and put the money into my Traditional IRA, hoping to cut my taxes for 2017 in the process.
This means that you’ll no longer see some of the common dividend payers on my reports previously. I wanted to let you know why.
I replaced my taxable holdings with more AT & T. This brings my estimated dividend income (not counting the 401k) to $398.90 for the next 12 months. I’m only one more purchase or one more dividend raise from crossing over the $400 mark. Again, pretty cool stuff.
How was your dividend income for April? Let me know in the comments. I’ve also updated my passive dividend income page so you can see the growth of my income over time.
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Disclaimer: I am not a professional financial advisor. I intend this information for informational and educational purposes only. Perform due diligence before investing in any equities. See my disclosures page for more information.
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