Dividend income April 2021: Chronicling monthly dividend income to document the journey to financial independence. 47% year-over-year (YoY) growth. This article is not investment advice. It is for entertainment purposes only.
Another month has passed, so it’s time to report how much dividend income was received in April 2021.
Last April was the lowest month for income in 2020. I was really hoping that history would not repeat itself.
Fortunately, I crushed last year’s results by 47% and I achieved year-over-year growth for the 4th month in a row.
In this post, I will show you the exact amount of dividend income that was earned in April 2021 and I will discuss which stocks paid dividends.
Let’s dive into the numbers.
Dividend Income April 2021 Highlights
- Total dividend income in April 2021 was $42.26
- 47% year-over-year increase compared to April 2020
- Year-to-date income from dividends is $214.26 (January 1, 2021 to April 30, 2021)
- 10 stocks paid dividends
- All-time dividend income received is $1,845.44 (June 2017 to April 2021)
- Monthly average dividend income in 2021: $53.57
- 4 months in a row of YoY growth
Dividend Income April 2021 Earnings: $42.26
The portfolio generated $42.26 in dividend income in April 2021.
This represents a 47% year-over-year increase compared to April 2020.
When factoring in April’s results, total year-to-date income is now up to $214.26. This represents a 14.6% increase over the same point last year. By March 2020, dividend income was $186.89 or $27.37 less.
Compared to the previous quarter (January 2021), dividend income was down by -1.7%.
The decrease can be attributed to changes that were made to the portfolio during the quarter. These changes were focussed on the long-term interest of the portfolio. The reasoning behind these are discussed in more detail under portfolio activity.
Stocks That Paid Dividends
Ten stocks paid dividends in April 2021:
- Telus (Ticker: T.TO)
- Altria Group (Ticker: MO)
- Bank Of Nova Scotia (Ticker: BNS)
- Riocan REIT (Ticker: REI.UN)
- SmartCentres REIT (Ticker: SRU.UN)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- Park Lawn (Ticker: PLC)
- Rogers (Ticker: RCI.B.TO)
- NorthWest Healthcare Property REIT (Ticker: NWH.UN)
- Savaria Corporation (Ticker: SIS)
Last quarter, CIBC accounted for 51% of my dividend income.
However, this quarter, Telus led a more balanced month overall. The telecommunications company accounted for 38% of total dividend income in April 2021.
The second highest dividend payer was Altria Group, which accounted for 27% of overall income.
Bank of Nova Scotia was the third highest payer, as it accounted for 15% of total income.
My two largest REITs, Riocan and SmartCentres, chipped in 8% and 6% respectively.
Otherwise, Park Lawn added another 3% of this month’s income, and Rogers, NorthWest Healthcare Property REIT, and Savaria made up the rest.
Portfolio Activity During The Month And Quarterly Commentary
Here is a summary of my portfolio activity in April 2021:
- Added to Royal Bank of Canada (Ticker: RY) – Strategic purchase to increase dividend income
- Added to Palantir (Ticker: PLTR)
- Bought additional units of NorthWest Healthcare Properties REIT (Ticker: NWH.UN)
- Added to Bitcoin (BTC)
- Added to Ethereum (ETH)
As expected, I was less active in April compared to last month. I got back to adding to positions instead of selling them.
With that said, the trades I made over the last quarter started to impact my portfolio this month.
Mainly, I sold CIBC shares during the quarter because the portfolio was overweight in the Canadian banking sector.
Frankly, I am concerned for the long-term outlook of banks in general. The tech sector is coming for them over the next 10 to 20 years. On one hand, you’ve got some of the brightest minds in the world working with the latest software. On the the other hand, you’ve got a too-big-to-fail attitude combined with lower-quality talent. Low quality talent works in the public sector, because they are not competing with anyone. But in the private sector, it’s a different story. Based on what I’ve seen, banks think a social media guru is a young adult that reposts other people’s political statements in their Instagram story. Meanwhile, companies like PayPal and Square are adding cryptocurrency to their platforms.
Additionally, I sold shares of Coca Cola and AT&T during the quarter. This also affected my dividend income in April 2021.
Fortunately, I was still able to achieve year-over-year growth because I increased my position in Telus.
Outlook: $535.74 More To Hit My Dividend Income Target For 2021
In order to hit my modest dividend target of $750 in 2021, I must earn at least $535.74 in dividends this year.
With 8 months to go, I need to earn an average of $66.97 per month.
Based on my dividend projections for the remainder of the year, I still expect to achieve this target.
Now that my student loan is paid off, I will be able to save considerably more over the next 8 months. Ultimately, I expect this will boost revenue considerably by the end of the year.
Dividend Income April 2021 – Final Thoughts
In summary, I earned $42.26 from dividend growth stocks in April 2021.
This represents a 47% year-over-year increase compared to April 2020.
Year to date, the portfolio generated $214.26 in dividend income and is still on pace to meet the end-of-year target of $750.
Related Articles On Dividend Investing
All Dividend Income Updates Since 2017
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