April 2014 Dividend Income Results

The Money Sprout Blueprint is a guide that I am following to build a diversified set of income streams. If one or two of my income sources suddenly dries up, then I can rely on the others to keep my monthly income coming in. A large part of this blueprint is currently made up of dividend paying stocks.

I am slowly building a portfolio of dividend stocks as a way to diversify my income. Each month I reinvest dividend payments back into additional shares of stock, while also investing new money to help build my portfolio. Just a few months ago, I started tracking my monthly results to give a guide to those looking to do the same.

Each month I provide results on the dividends I earned during that time, changes to my portfolio, new capital invested, and any other important details.

Here are my results for April, 2014 –

2014 April Dividend Income Results

Each month I will provide details on my dividend income earned from stocks found in The Money Sprout Index. I received a dividend payment from 5 stocks found in my portfolio during April. These companies together combined for a dividend payout of $77.60.

Note – All the stocks I currently own pay quarterly dividends, so my income really fluctuates from month to month.

April 2014 Dividend Income – $77.60

Note – As you will see below, I reinvest my dividend income into new shares of stock using DRiP. The only exceptions are stocks that I purchase through my LOYAL3 account – which does not currently offer dividend reinvestment.

Here is the breakdown of dividend income (by stock) in April, along with the number of new shares added from DRiP –

  • Cincinnati Financial (CINF) – $30.63 (.64 shares)
  • Lockheed Martin (LMT) – $35.00 (.22 shares)
  • Sysco Corporation (SYY) – $8.40 (.23 shares)
  • The Coca-Cola Company (KO) – $2.32 (LOYAL3 – No DRiP)
  • Wal-Mart Stores Inc. (WMT) – $1.25 (LOYAL3 – No DRiP)

New Capital Invested in April

In order to accelerate the growth of my dividend income portfolio, I need to continue to invest new capital. Every month I plan to leverage my automatic monthly investment plans to help accumulate stock in a variety of companies. Also from time to time, I will make a lump sum investment in a dividend stock that is attractively priced.

Here are the new investments I made in April –

  • $150 automatic investment in Intel (INTC) – 5.69 shares
  • $25 automatic investment in Coca-Cola (KO) – .65 shares
  • $200 automatic investment in Microsfot (MSFT) – 4.98 shares
  • $50 automatic investment in Verizon (VZ) – 1.05 shares
  • $50 automatic investment in WalMart (WMT) – .64 shares
  • $250 automatic investment in Exxon Mobile (XOM) – 2.49 shares

Note – As you will notice, all of my purchases in April were from automatic monthly investments. I did not make any lump sum investments during the month. Collectively these small monthly investments will add up over time.

The total amount of new capital invested in April was – $725, which was below my goal of $850 per month. Here are my new investment totals for the year –

  • January Investments – $1,747.41
  • February Investments – $475.00
  • March Investments – $575.00
  • April Investments – $725.00

New 2014 Investments – $3,522.41

Final Thoughts

While my dividend income from April was not as high as March, I still raised my 3 month rolling average to $72.86. That is an increase of $2.50 from March. Since all of my stocks pay quarterly dividends, I prefer to track my results on a 3 month rolling average. This lets me track my average results for the past 3 months. Otherwise, I would see large fluctuations month to month based on the quarterly schedule of the companies I own.

My total dividend income earned for 2014 so far (January to April) is – $288.68.

Full Disclosure – At the time of this writing, I owned shares in the following stocks noted in this post – CINF, INTC, KO, LMT, MSFT, SYY, VZ, WMT, and XOM. The material above is not a recommendation to buy. Please do your own research on a company before deciding to invest.

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