Lanny's April Dividend Income Summary
We know what time it is. This is one of the best months to be a dividend investor, as we wrap up a quarter-end. The market finished off an impressive note, closing up 13% for the year, thus far. The weather is finally warming up, as I believe we reached 60 degrees one day or two in the month. This was a fantastic month of investing and earning dividends, which truly shows the power of time and consistency pushes you forward.
Dividend Income I received a total of $594.13 of dividend income in April. Not too shabby right? This is, like a broken record, the most ever earned in April. Additionally, my wife earned $44 this month and I am still debating on how to incorporate that into the analysis; I don't mind this problem, right? Therefore, combined, we earned almost $640 for the month!
Further, the 401(k), Health Savings Account (HSA) and all dividends are automatically invested/reinvested and help take the emotion out of timing & making a decision. Also, to find out why I max out my 401(k) and HSA - please refer to the 3rd part of my tax series, as that describes the magnitude of benefits to increase the amount you can invest due to reduction in taxes.
Here is the breakdown of dividend income for the month of April!
As you can see, the taxable income is on the left and the retirement accounts are under the title to the right. 14 companies paid me in the taxable account and 4 in the retirement vehicles. Philip Morris (NYSE: PM) and big oil Total (NYSE: TOT)... Read more