April offered further gains through mid month and ended about the same as it started. It was not possible to find any good entry opportunities for my watchlist stocks. The major indices I track ended the month in three different ways (April 1-29): (S&P +0.27%, NASDAQ -1.94%, TSX +3.39%). I’ve actually avoided making any new stock purchases this month as I plan on holding off on my next purchase until the market dips significantly.
Several of my holdings paid dividends this month and my April dividend income brought my 2016 total to $37.62. While April was not a new record, it still felt good to see such solid numbers from my small dividend portfolio. This was my third highest month overall and would have beat my best in 2015. I’m sure my monthly dividend income figures will continue to fluctuate until I have more holdings as some months are more stacked than others.
April Dividends Received
TD $4.95 (To be paid April 30)
It is very encouraging to see the money I have invested in equities generating some passive income. As usual, my Canadian bank holdings keep cranking out solid dividends. TD recently raised its dividend from $0.51 to $0.55 a 7.8% increase. It was nice to get that newly raised dividend this month. The holdings in my Niche Fund pay quarterly dividends so some months will have more income reflected than others. My Dividend Income page has a calendar showing when I expect to receive dividends from each of my holdings.
If you’re new to my site, my plan is to buy and hold high-quality dividend paying stocks in order to enjoy the flexibility offered by the passive income stream generated by regular dividend payments to shareholders. In the long run, these dividends will start to grow on their own through dividend hikes. I look forward to posting the next dividend income update at the end of May.
My DGI journey began in July 2015 and is off to a modest start. I aim to save a portion of my income and devote it towards (somewhat) regular dividend stock purchases. This year will be a bit different – I have a number of large purchases coming up in 2016 so the amounts for my purchases will be lower than what I plan on investing in future years. April was a good month for me to look at my overall portfolio beyond my dividend growth portfolio and see where I would like to be by the end of the year.
Did you find any good buying opportunities in April? Are you planning on waiting for better valuations before adding to your holdings? Thanks for stopping by!