May was another fantastic month for dividend investors. The stock market continues its insane march upwards due to the resilient economy and the AI Boom. Finding stocks to buy is becoming harder and harder. That said, while we are waiting for buying opportunities to identify themselves, we are also letting our other investments do work for us. This article talks about our strong May dividend income!
This is what dividend investing is all about! Investing in dividend stocks allows YOU to earn dividend income, the best passive income stream! Bias, you better believe it.
Time to dive into Lanny’s May 2024 dividend income results! Were records set? Love the end of the year Dividend Tally, as the retirement account is PUMPED UP. Almost to financial freedom? One day and one month at a time!
I have an old 401k plan. A 401k plan is an employer-sponsored retirement plan that the employer may or may not provide a match in and may or may not have a vesting schedule that also is part of the plan.
After checking my Vanguard 401k account today, as Vanguard houses my old 401k from when I left my employer almost 6 years ago, I was shocked when I saw the value.
I was able to filter their time-frame to see the returns over the last 5 years and… Continue reading
Back journeying on the blog site here for dividend investors and all investors alike. As you invest year after year, like we have, for the better part of 10 to 15 years, does Financial Freedom become a Mindset or a Milestone?
I explore what’s on my mind related to the financial freedom topic and what it may mean to me. Continue reading
April was a great month for dividend income! We had over 20% growth and nearly crossed a milestone number. In this article, we detail our April dividend income summary in detail!
I invest in dividend stocks to grow a my passive income with dividend income. One day, my dividend income will be large enough to cover my monthly expenses and allow us to retire early. That is why we are always relentlessly searching for undervalued dividend stocks to buy. To put our hard earned cash to work.
We save a high percentage of our income each month, to help fuel our dividend stock portfolio. Having a high savings rate is a key pillar of our strategy and helps fuel the fire and push the snowball further down hill. While we are waiting to invest our money in the market, it is earning a high interest rate in accounts. There is NOTHING more critical than maximizing EVERY DOLLAR in your savings account.
READ: How To Maximize Your Cash – 4 Simple Methods!
The 3 primary savings accounts I use are:
Read: Interest Rates on High Yield Savings Accounts Are SOARING!
That’s easy. We use our dividend stock screener with every stock purchase! This simple, 3 step stock screener is designed to identify undervalued stocks with a strong payout ratio that have a history of increasing their dividend. Fundamental dividend growth investing at its finest.
Watch: Dividend Diplomats’ Dividend Stock Screener
The three metrics of our screener are:
We use this stock screener for each purchase and have consistently done so for 10+ years on our journey to financial freedom!
We closed out the month in style, that is for sure. In April 2024, we received $957.15 in dividend income! This was a nice 28.81% increase compared to last year. This is going to be a short lived celebration. You will see why later in the article!
The following chart details our individual dividend stock holdings. This shows every single dividend we received during the quarter!
Well, this is going to be short lived. Why is that? Courtesy of Leggett & Platt, this dividend income will come crashing down. Leggett & Platt chopped its dividend down 90%! Unfortunately, this large item is the only observation that really matters. On top of it, the SOLV payouts is not recurring since it was made in conjunction with the MMM and SOLV. My July dividend income will look much different than this month after all.
There were still some positives, even with the negative news. We have successfully grown our Medtronic Dividend due to our purchases in 2024. The $30 dividend for this Dividend Aristocrat is oh so sweet!
In fact, there were only 5 companies that paid us less than $20 in quarterly dividends. That is what is freaking sweet. Slowly, but surely, we are trying to make sure income from our positions is substantial. We have been closing out smaller positions and investing them in the current positions we hold. That hard work is finally starting to pay off. This will hopefully continue if Paramount will ever get acquired!
There are still a lot of positives despite the negatives headwinds that will be coming my way in July. Our dividend income continues to trend upward, and that is what really matters. The goal is to ignore the noise and the bad news and focus on the long term goals instead. That’s what it is all about! Nearly hitting $1,000 in my lowest paying month was exciting. We look forward to working our tails off to get back after the dividend cuts!
How much dividend income did you receive in April? Did you set a record?!
Bert
This is what dividend investing is all about! Investing in dividend stocks allows YOU to earn dividend income, the best passive income stream! Bias, you better believe it.
Time to dive into Lanny’s April 2024 dividend income results! Were records set? Love the end of the year Dividend Tally, as the retirement account is PUMPED UP. Almost to financial freedom? One day and one month at a time!
As we enter May 2024, with a plethora of dividend increases in April behind us, it’s time to line up this month’s dividend increases we expect!
2024 is off to a rollercoaster ride already, many dividend increases, but there have been a few painful dividend cuts. Continue reading