Dividend Income Update April 2020
So it is again time to publish my dividend income update for April. Hm… so what should I say, somehow the market is decoupling from reality or the end of the lockdown is already priced in. Definitely the market is hard to understand and I am not really trusting this April rally at all. Nevertheless, I did some investments this month but I will talk about them later. In terms of dividends, it has been a bit disappointing, but due to the postponements of some shareholder meeting, I did not receive any dividends from my german and Austrian holdings. In total, I received 141.91 EUR compared to a dividend income of 343.18 EUR in 2019, which is a decrease of -58.65%.
Why am I actually publishing my monthly income result?
Well, to be honest for me it is more or less to write down my progress and to stay motivated in the end. It is still a long journey to reach my goal of a yearly dividend income of 10 000 EUR but it is more than doable, you just need the patience and this is what I want to show you with my monthly dividend income updates. So have fun reading my April Update…
Overview dividend income April
The decrease is mainly coming from the special dividend of Rio Tinto in 2019, my sells of Altria and PM (bought them back in the meantime :)), and not having the dividend of the Austrian Postpaid in April (will hopefully come later this year). For May I am expecting a similar scenario since BASF has already postponed their shareholder meeting to June.
Conclusion
My projected full-year dividend income is now at 2 849.34 EUR that means I have now an average of 237.45 EUR per month, assuming there will be no dividend cuts. This is now again much higher than last month as I really did some good investments in April. Concerning future investments I am really curious about May and June, I think these months will give us some good opportunities to invest in high-quality companies. I would not be surprised if we see new lows again, but let’s see.
That’s why I will stick to my goal until the end of the year to have a projected dividend income of about 3 700 EUR.So stick to your strategy through these tough times and you will be a benefit for it in the future.
Again I have to say that investing in Dividend Stocks, ETF’s or whatever which is for the long run really pays you back. It is not that difficult you just need to focus on the long run. I am quite sure in the midterm a lot of us might have a portfolio in the deep reds. But this is the time where we should buy and not sell. Investing is for the long term. I am now into that for three years and my snowball already starts to get bigger and bigger month by month. I am already curious where I am in 5 years from now on. It is just important to keep in mind:
Disclaimer: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in ...
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