Dividend Income – April 2014

This post may contain affiliate links. Please read our disclosure for more info.

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.

Ready To Reach Financial Independence?

Sign up below and join others who've taken the first steps to grow their income, save more of their hard earned cash, and grown their net worth.

Click Here to Leave a Comment Below 0 comments