April 2018 Dividend Income – Prioritizing Tax Sheltered Accounts

Posted on by Dividend Dozer

I received $69.61 in taxable April 2018 dividend income.

It’s boring, but I keep rebuilding my emergency fund and filling up my 2018 Roth IRA. I’m building my emergency fund to be larger than it was prior to my bathroom project. The peace of mind is far more valuable than having a slightly bigger dividend portfolio. Before long, I’ll have my emergency fund back up, my Roth IRA will be maxed, and I’ll be back to making taxable contributions.

You will see my dividend income chart has sort of leveled off the last few months. This is due to two things:

  • Prior portfolio restructure toward lower yield, but higher quality (in my opinion) stocks to hold long-term.
  • Lack of new contributions for almost five months now.

April 2018 Purchases

Taxable Account: 1 share of Cisco (CSCO) @ $41.29/share; 1 share of Hormel (HRL) @ $35.30/share

I love these lower priced dividend growers. They serve as my manual DRIP plan. Robinhood doesn’t offer DRIP, so I like picking up shares of CSCO/HRL/ADM/PFE when I accumulate enough in dividends. I’m looking to add AFL to that group. This month, I strengthened my CSCO and HRL holdings a bit.

Roth IRA: 3 shares of VTI @ $137.36/share; 11 shares of VXUS @ $57.07/share

Keeping with low-fee, broad market ETFs in my Roth IRA account, I added to my VTI/VXUS holdings. These will continue my no-brainer buys until I max out my 2018 Roth IRA. I can’t wait to add to my taxable accounts again! Very soon!

April 2018 Dividend Growth

April’s dividend growth was decent, but not as crazy as my last few months. Still, if I could get a guaranteed 6% increase on my dividend stream from now until forever, I would love it. My dividend increases in April totaled up to $9.90 in additional annual income, which would have required $429 of additional investments at my current portfolio yield of 2.34%.

April 2018 Taxable Income

 

Head on over to my portfolio page if you’d like to see what companies pay me in other months!

2 thoughts on “April 2018 Dividend Income – Prioritizing Tax Sheltered Accounts”

  1. Keep building your emergency fund. There will be plenty of value left in the market when you can make your regular purchases. Loving the Cisco and Hormel buys. I own them both myself. 🙂

  2. Your focus on the emergency fund is terrific, Dozer. I’d do the same.
    It’s great that you are consistently taking your dividends and putting them into an extra share here and there. It will keep your portfolio growing until you are able to add more cash later in the year.
    Wow, 6 companies giving you a dividend raise in April. That’s a terrific month.

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