We are six days into May so it’s time to update our monthly dividend income for April. We’re working to build our dividend snowball into a giant, out of control avalanche. It may be a long time until then, but you have to start somewhere. Since this is our first time tracking our dividends for each month and year, we’ll go back in time to last year and compare April of 2014’s dividend income to this year’s passive income amount.
April 2015 Dividend Income:
Bank of Novia Scotia (BNS) – $16.94
Main Street Capital (MAIN) – $28.88
Coca Cola (KO) – $3.63
Altria (MO) – $61.53
Realty Income Corp (O) – $8.15
Chicago Bridge and Iron – $0.59
April 2014 Dividend Income:
Main Street Capital (MAIN) – $4.46
Realty Income Corp (O) – $7.48
Cisco Systems (CSCO) – $12.35
Looking at the two income streams, in April 2014 we earned $24.29. In April 2015, we earned $119.72! That’s an increase of 392%!
Of course we recognize that this dramatic increase will not repeat itself next year, because we changed our investment strategy and moved to stocks that pay dividends. The increases over time will be less impressive, but they will happen. Prior to September of last year one of our IRA’s did not receive any dividend income at all.
It is certainly encouraging to see progress, and we look forward to comparing last year’s total dividends to this year’s at the end of 2015. So far, we’ve collected $457 through the month of April. That is 62% of 2014’s total dividend income received! Things really have changed. Overall, our portfolio value has dropped compared to last year’s at this time, (Thank you, bad investment!), but we will make up for that mistake over time. We’re young enough to recover and still meet our goals in the future.
What about you? How much of an increase in your passive income have you seen in just one year?