Dividend income April 2022 — Chronicling monthly dividend income to document the journey to financial independence. I am not a licensed investment advisor and this post is not investment advice.
Another month has passed, so it’s time to report how much dividend income was earned in April 2022.
I am happy to report that I followed up last month’s record dividend income with another strong performance.
For the first time ever, I received triple digit dividend income in back-to-back months. In addition, year-over-year growth was the highest it has been since December 2018.
Although it was another month of extreme volatility in the markets, my dividend income continued to move forward.
In this post, I will report how much dividend income was earned in April 2022 and discuss which companies paid dividends.
Let’s dive in.
Dividend Income April 2022 Highlights
- Total dividend income in April 2022 was $102.74
- Year-over-year (YoY) dividend income grew by 143% compared to April 2021
- Highest month of YoY growth since December 2018
- It was my first time ever of back-to-back months earning triple digit dividend income
- Year-to-date (YTD) dividend income in 2022 is $395.18 (January to April)
- YTD dividend income is up by 84% or $180.92 compared to the first four months of 2021
- 2022 dividend income is higher in the first four months than the entire 2018 year
- Quarter-over-quarter dividend income is up by 14% compared to January 2022
- All-time dividend income since June 2017 is $2,843.28
Dividend Income April 2022 Earnings — $102.74
My investment portfolio generated $102.74 worth of dividend income in April 2022.
This represents an impressive 143% year-over-year growth rate or increase of $60.48 compared to April 2021. During the same month last year, the portfolio generated $42.26. Moreover, the YoY growth rate increased substantially compared to the 47% increase that was recorded in April 2021 compared to April 2020.
Also worth pointing out, this was the first time ever that back-to-back triple digit months of $100 or more occurred. It appears as though double digit months will soon be a thing of the past.
Otherwise, year-to-date dividend income is up to $395.18, which is 84% or $180.92 higher than what was earned during the first four months of 2021. It’s also more than what I earned during the entire year of 2018 in the first four months alone.
Based on the results over the last two months, it’s quite clear that the pace of my dividend income is beginning to pick up speed.
Stocks/REITs That Paid Dividends/Distributions In April 2022
Fourteen positions paid dividends or distributions in April 2022. Below is the breakdown from highest payer to lowest:
- Algonquin Power & Utilities Corp (AQN)
- Telus (Ticker: T.TO)
- Altria Group (Ticker: MO)
- CIBC (Ticker: CM)
- Bank Of Nova Scotia (Ticker: BNS)
- Riocan REIT (Ticker: REI.UN)
- Cicso (Ticker: CSCO)
- SmartCentres REIT (Ticker: SRU.UN)
- Park Lawn (Ticker: PLC)
- NorthWest Healthcare Property REIT (Ticker: NWH.UN)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- Restaurant Brands International Inc (Ticker: QSR)
- Rogers (Ticker: RCI.B.TO)
- Savaria Corporation (Ticker: SIS)
In total, fourteen positions paid dividends or distributions in April 2022. This is up by one compared to the prior quarter as I initiated a new position in Restaurant Brands International Inc.
Cost To Manage The Portfolio In 2022: $12.37
One of my main investment goals in 2022 was to incur $0 in commission fees.
Unfortunately, I did incur a commission fee during the course of April 2022 to purchase 11 more shares of Starbucks. I paid a commission fee of $9.95 USD to make the trade. When converted from USD to CAD, it works out to $12.37 CAD.
As such, I am back to my original plan for the year of keeping my commission costs to less than 0.25%.
Frankly, I will probably spend significantly less than 0.25% on investment fees during the course of 2022. But in case I need to make any other trades, I will stick to that limit.
Outlook — $804.82 To Achieve Target Dividend Income For 2022
Aside from remaining competitive with the S&P 500, which I am handily beating right now, my goal for 2022 is to earn at least $1,200 in dividends.
This represents a 47% year-over-year increase compared to the $816.82 I earned in 2021.
After April’s dividend income is factored in, I have $804.82 to go in order to achieve this target.
Put another way, I still need to earn nearly as much in dividends as I did in 2021, which may seem like a lofty goal.
However, considering that year-to-date dividend income is up by 84% over the first four months of 2021, I am well on my way to achieving this goal.
If I maintain the 84% growth rate for the rest of 2022, I could end up earning more than $1,500 in dividends.
Of course, it will be challenging to maintain this growth rate during the final six months of 2022 because my dividend income was higher towards the end of 2021.
In order to earn $804.82 more in dividends by the end of the year, I need to average $100.60 per month during the remaining eight months in 2022. Although May’s dividend income is expected to be below $100, it will likely be the last time I ever earn less than $100 per month in dividends.
Based on the performance over the first four months of 2022, I am confident that I will meet and exceed my $1,200 dividend target.
Dividend Income April 2022 — Closing Remarks
In summary, my investment portfolio generated $102.74 in dividend income during the month of April 2022.
This represents an astounding 143% year-over-year growth rate compared to April 2021. It was also the highest rate of YoY growth since December 2018, when my portfolio was much smaller.
Furthermore, this was the first time ever that back-to-back months of more than $100 were recorded.
As of the end of April 2022, year-to-date dividend income is up to $395.18, which is 84% higher than what was received during the first four months of 2021.
The portfolio appears to be on track to meet and exceed my 47% year-over-year growth target for the year.
Related Dividend Income Posts To Check Out
Dividend Income April 2021 — 47% YoY Growth
Dividend Income January 2022 — 110% YoY Growth
All Dividend Income Updates Since June 2017
I am not a licensed investment or tax adviser. All opinions are my own. This post may contain advertisements by Monumetric and Google Adsense. This post may also contains internal links, affiliate links to BizBudding, Amazon, Bluehost, and Questrade, links to trusted external sites, and links to RTC social media accounts.
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