April. Another wonderful month! Better weather, spring flowers and more dividend income! Yay!
Here is a shot from the Skagit Valley in Washington where they grow 75% of the United States' tulips. Amazing colors!
Just mesmerizing.
Also, since I am consistently building my portfolio of dividend growth stocks, I have to look back at the previous month and see the progress.
The whole point of this process is to build enough passive income to eventually replace my work income and be financially free. Monthly, I review the progress and report it here.
I write this blog to keep a track record of this progress, and hopefully someone will gain even a tiny bit of motivation or helpful information that helps them on their journey towards financial independence. It also keeps me focused.
This is definitely not a get rich quick scheme. It takes lots of time, patience and determination. And as time moves on, the monthly income steadily grows.
In April, I earned an impressive $2,458.63 from 36 companies. Bam! That's a 161.39% increase from 2021's $940.61. That's going to be tough to beat, but I'll try my best.
Here's the nitty gritty of the month.
Date |
Company |
Dividend |
|
4/1/22 |
ADP |
$6.24 |
|
4/1/22 |
KO |
$48.40 |
|
4/1/22 |
CMA |
$38.76 |
|
4/1/22 |
GPC |
$21.48 |
|
4/1/22 |
HBAN |
$67.43 |
|
4/1/22 |
NTRS |
$28.70 |
|
4/3/22 |
KMB |
$52.20 |
|
4/3/22 |
WHF |
$1065.00 |
|
4/5/22 |
CNQ |
$64.97 |
|
4/6/22 |
STX |
$46.90 |
|
4/7/22 |
MRK |
$44.16 |
|
4/8/22 |
OMC |
$46.90 |
|
4/8/22 |
CB |
$25.60 |
|
4/14/22 |
BEN |
$40.89 |
|
4/14/22 |
ITW |
$4.88 |
|
4/14/22 |
MAIN |
$27.09 |
|
4/14/22 |
VTR |
$38.70 |
|
4/14/22 |
AQN |
$51.04 |
|
4/15/22 |
CINF |
$3.45 |
|
4/15/22 |
FITB |
$34.80 |
|
4/15/22 |
LEG |
$28.14 |
|
4/15/22 |
ONL |
$26.60 |
|
4/15/22 |
O |
$21.00 |
|
4/15/22 |
STLD |
$29.58 |
|
4/15/22 |
STOR |
$64.68 |
|
4/21/22 |
ORCL |
$17.60 |
|
4/22/22 |
SYY |
$33.37 |
|
4/27/22 |
BNS |
$53.60 |
|
4/27/22 |
CSCO |
$36.48 |
|
4/27/22 |
CMCSA |
$25.65 |
|
4/27/22 |
NTAP |
$37.00 |
|
4/28/22 |
CIM |
$102.63 |
|
4/28/22 |
CM |
$72.53 |
|
4/29/22 |
AMNF |
$56.79 |
|
4/29/22 |
TWO |
$62.39 |
|
4/30/22 |
JPM |
$33.00 |
$2458.63 |
|
|
|
|
My favorite (and one of few) non div growth stocks, Whitehorse Finance (WHF) is the clear winner for single payout with the $1,065 handout. I particularly us the dividend income from them to make a single large purchase of some other stock.
Little by little anyone can do this. After reaching a certain level, you can really see the growth and the downhill snowball that happens. IT tkes major determination and consistent saving to add to the fund.
But look at the result. I have no plans to sell these shares. This is permanent passive income.
And someday, it will be my kid's permanent passive income.
Cheers!
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