Another month comes to a close, and thus, we mark the occasion by logging the dividends. Will it be a surprise record breaker? Let's dive in and find out, shall we?
PepsiCo (PEP): $1.52 (+$0.09 QoQ, +$0.32 YoY)
SpartanNash (SPTN): $0.85
Invesco High Dividend Low Volatility ETF (SPHD): $0.15 (+$0.14 YoY)
Coca-Cola (KO): $0.93 (+$0.07 YoY)
Paramount Global (PARA): $1.21 (+$0.48 QoQ, +$0.97 YoY)
Kimberly Clark (KMB): $1.20 (+$0.03 QoQ, +$0.06 YoY)
HP (HPQ): $0.08 (- QoQ)
Iron Mountain (IRM): $3.69 (+$0.05 QoQ, +$0.21 YoY)
AGNC: $0.59 (+$0.09 QoQ, +$0.28 YoY, +$0.03 from last month)
GlobalXSuperdividend (SDIV): $0.11 (+$0.03 QoQ, +$0.08 YoY, +$0.03 from last month)
Franklin Resources (BEN): $2.57 (+$0.02 QoQ, +$0.28 YoY)
Main Street Capital (MAIN): $0.05 (+$0.02 QoQ, +$0.04 YoY, - from last month)
Stag Industrial (STAG): $0.07 (+$0.03 QoQ, +$0.06 YoY, +$0.01 from last month)
Realty Income (O): $1.26 (+$0.04 QoQ, +$0.21 YoY, +$0.01 from last month)
Leggett & Platt (LEG): $1.29 (+$0.85 QoQ, +$0.88 YoY)
Best Buy (BBY): $6.47 (+$1.35 QoQ, +$1.45 YoY)
McCormick (MKC): $0.01
Nasdaq 100 Covered Call ETF (QYLD): $0.10 (-$0.02 QoQ, +$0.09 YoY)
Wisdom Tree (DON): $0.03 (+$0.02 YoY, same as last month)
Armanino Foods (AMNF): $0.60 (+$0.30 QoQ, +$0.35 YoY)
That brings the sub-total to $22.78, which is up $5.33 from last quarter and up $6.08 from last year.
Not too much on the 401K front, the Baird Aggregate Bond fund threw in $1.29 and that was about it.
That brings the grand total to $24.07. Interest threw in $5.03, which isn't too shabby all things considered.
In addition to the Robinhood buys (which you can read about here, here, here, here, and here) I also made single share buys of AT&T (T), Procter and Gamble (PG, Coca-Cola (KO), SpartanNash (SPTN), and Tanger Outlet (SKT) over on E-Trade. The AT&T buy was the impromptu one that I made when I saw that the price had dipped below $20.
I've been trying to get all of my E-Trade positions over the one-dollar dividend mark not taking into account any Robinhood holdings. All I have left is AGNC, Armanino, and SJW. It's gonna be good. It'll also be good to get back to adding to positions that aren't People's United, Tanger, and SpartanNash. I think they've been neglected the past couple of months.
The real move made this month had nothing to do with me. Rather, Publix announced a stock split. This is a rather nifty little accounting hack where a company's stock price is cut to a fraction of what it was, but the number of shares goes up in the same ratio. It's like a controlled correction. The dividend per share is less, but doing the math, I think they snuck in a dividend increase, but we'll talk about that next month. Suffice it to say, the number of Publix shares held increased substantially. As such, when the price goes up, the shareholder's net worth increases much faster. Of course, the opposite holds true as well. When it goes down, so too does the individual's net worth. If you're just holding, you could argue it's a moot point, but it is worth bringing up. In any event, I am looking forward to being able to acquire more shares at that reduced price going forward.
The portfolio has been updated accordingly
April also brought several dividend increases. Coke, Pepsi, Armanino, Franklin Resources, SpartanNash, Best Buy, and Tanger all upped their dividends. That last one is the most encouraging as they had suspended their dividend at the beginning of the pandemic. They still aren't to where they were, but that increase did close the gap quite a bit. It's just good to see them getting back on the horse after being thrown for a loop. Their aristocrat streak may be over, but at least they're shaking it off quick.
All in all, April went well. The dividend numbers weren't jaw dropping, but they were solid. It was also one of the more active months for the portfolio. With the snowbirds going home, it was a good way to end the season. The next few months will be interesting, as I simultaneously hunker down and try to keep some semblance of momentum going. Throw in all the madness on the macro front and you have a bizarre tight rope to have to walk. You do what you can with what you've got, and that's really all you can do. Beyond that, how things play out is anyone's guess.
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