Monthly Dividend Income Portfolio | 2023 April

Here's my monthly dividend income portfolio report for the month of April. In total, I received dividends from seven companies and made on (big) purchase.
Monthly Dividend Income Portfolio Report 2023-04

Contents

 

In April 2023, my total monthly dividend income of my All-Weather Portfolio is $1,077 US.  Last year, I wrote my first passive income report for the month of April, with a total dividend income of $623 US.

 

 

Apr 2022

Apr 2023

🇸🇬 DBS $107 $427
🇬🇧 Rio Tinto $0 $340
🇺🇸 Avalon Bay $88 $95
🇺🇸 Realty Income $89 $93
🇺🇸 Pepsico $54 $75
🇺🇸 Mondelez $43 $47
🇺🇸 Cisco $70 $122
🇨🇦 Brookfield Renewables $120 $0
🇺🇸 Store (acquired) $81 $0
Total $634 $1,077

Chart-wise, the year-on-year monthly dividend income comparison looks like this:

 

Monthly Dividend Income Portfolio Year by Year

 

The month of April used to be my worst, but now with the dividend of Rio Tinto (RIO), it is becoming a stronger month.

 

When looking at the year-on-year comparison, we can see not a steep but steady uptick.

Monthly Dividend Income Chart 2023-04

 

The month of May should become a very month, with many European-based income stocks paying their annual dividends.

 

Full Monthly Dividend Income, By Quarter

 

Monthly Dividend Income Portfolio 2023-04 all stocks

 

I so far earned a total 0f $34,902 US since I started my dividend income portfolio in May 2020.

 

Purchases To Increase Monthly Dividend Income 

 

This month I only continued with my DCAing (definition) into the Scottish Mortgage Trust, in my opinion, the best-managed tech fun investing solely in disruptive tech companies. Check out my reasoning for why I decided to buy this trust in my recent monthly passive income report for March 2023.

 

In total, I bought the following:

Purchases   Amount
2023-04-27 🏴󠁧󠁢󠁳󠁣󠁴󠁿 Scottish Mortgage Trust  NEW $11,975
  Total $11,975

Below is my order ticket – love the fees of TradeRepublic!

Tech Stock Scottish Mortgage Trust Buy 2023-04

 

As of Apr 30, my portfolio looks like this:

All Weather Portfolio 2023 04 30

 

As you can see, Tech only represents about 8% of my overall portfolio. In the mid-term, I like to increase this to 10%, and I decided to do this via the Scottish Mortgage Trust.

I now own 3,000 units, and the goal is to invest a total of $55,000 USD, roughly 6,500 units.

 

A Tech Fund With Dividends

 

The Scottish Mortgage Trust distributes semi-annually dividends, in July and December.

The mid-year dividend is typically 20% higher than the year-end one.  In 2023, I’m not sure, but roughly estimate it will pay out $0.025 US in July, and $0.02 US in December. In terms of passive income, I can expect $100 US in July (4,000*0.25), and approx. $130 US in December (6,500*0.20).

The dividend is of course tiny, but the $230 US easily covers all trading/brokerage/account fees (in this case only $1 US per purchase on TradeRepublic) and pays for a beautiful dinner for the family. Given that it is a tech fund, I am more than happy to even receive a dividend at all.

 

📘 Read Also

 

 

FAQ

How to get monthly dividend income?

Buy dividend stocks that pay you either annual, semi-annual, quarterly, or monthly dividends. One of the most popular dividend stocks providing monthly dividend income is the real estate investment trust Realty Income, ticker symbol: $O. Many income investors also combine 3-4 dividend stocks that each pay dividends in different months.

When do monthly dividends get paid?

That is different from each dividend stock. The popular REIT, Realty Income, for example, pays its dividend on the 15th of each month and has done so more than 635 times (as of Apr 2023), equalling about 53 years. Other stocks paying monthly dividends: Agree Realty Corporation ($ADC), Ellington Residential Mortgage REIT ($EARN), and Sabine Royalty Trust ($SBR).

Are monthly dividend stocks worth it?

Yes, but as with all investments, you need to give the companies enough time to do their work to increase and enable them to return cash back to their shareholders. Whether a stock distributes profits on an annual, quarterly, or monthly basis does not really matter or make much difference. The share price of a company is automatically lower on the ex-dividend date, subject to the amount of the respective dividend paid.

How to create a monthly dividend income portfolio?

The easiest way is to invest in REITs that pay monthly dividends, such as Realty Income ($O) or Sabine Royalty Trust ($SBR). Alternatively, you can construct a portfolio of 3x separate dividend stocks such as
Cisco Systems ($CSCO, with dividends in the months of 1,4,7,10)
Procter & Gamble ($PG, 2,5,8,11), and,
3M ($MMM, 3,6,9,12)
By this, you already have a basic industry diversification (IT & security, consumer goods, and industrials), and you would be receiving a dividend every single month. If you for example invest $25,000 in those three stocks, you can expect to receive approx. $65 USD every single month.

How much to invest to get $100 a month in dividends?

1. $100 US per month equals $1,200 US per year.
2. The average dividend yield is 3% per stock.
3. Divide 100 / 3 = 33.33
4. Multiply $1,200 US * 33.33 = $40,000 US
5. Buy 3x or more dividend stocks with $40,000 US

Dividend stocks that each pay dividends in different months: $CSCO, $PG, $MMM

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About Me

Hi there, I’m Noah, an avid DIY investor on a quest for wealth & wisdom. I’m sharing my portfolio, trades & dividend income so you can learn from my missteps! Sign up for my 100% free newsletter to get updates.

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🧑🏻‍🌾 Age when reaching FI: 40 in 2018
😰 Left the rat race: May 2017
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👨‍👨‍👧‍👦 Number of kids: 2
💵 Net Worth: $5.5 Mio US
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Dividend Income (2023): $25k
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