April 2020 Income Report

As dividend growth investors we are focused on generating passive income. And what better way to do that than to share income generated?

April is my middle of the road month for dividend income. There aren’t that many companies that hit my stringent criteria, and I feel like a few of these companies were a stretch as I’ll go into later.

This month I generated $3,260.41 in dividend, interest, and other income across REITs and Stocks. This is in addition to my part-time software job, where I’m not doing too shabby either.

If you aren’t aware, I focus on buying well-managed, higher yielding, yet still growing assets, most of which are REITs and MLPs. There are a few C-Corps that still fit the bill, but they are few and far between, although with the recent downturn, there is good value to be found and I’ve deployed additional cash over the past month to buy some of those issues to get some of the better tax benefits of qualified dividends.

Without further ado, let’s review:

CompanyTickerIncome
AltriaMO$304.44
EPR Properties (increase)EPR$78.80
MAIN Street CapitalMAIN$68.06
Store CapitalSTOR$99.75
Preferred Apartment CommunitiesAPTS$262.50
Medical Properties TrustMPW$123.12
ComericaCMA$148.24
Interest$0.03
Total Dividends & Interest$1,084.94
Gumroad Earnings$2,175.47
Total Side Income$3,260.41

A number of these positions are worrisome in the current climate, however I’m giving all of them a pass in the face of the Coronavirus pandemic.

EPR Properties was the first income stock that I purchased several years ago. Last month I mentioned that with cinemas and Top Golf courses shuttered, I wouldn’t be surprised to see a temporary suspension or cut from this monthly payer. And they confirmed this recently.

Main Street Capital is another debt focused REIT as a business development corp. It has risk as well, but its strategy of paying semi-annual special dividends and having cash on hand for those distributions may help them in this situation. I could see them accelerating a move to smooth out those distributions and skip the mid-summer special dividend.

Preferred Apartments has taken a beating as well as fears over rent payments from consumers remains a potential issue. They have however closed a number of properties amidst the current environment which is either extreme stupidity or confidence in their business.

I made a decision to suspend blog ads last month as the viewing experience suffers too much given the money. So readers, you’re welcome! 🙂

Instead here is where I ask for you to support my work in another way.

My Products on Gumroad!

Finally, there is a non-dividend & interest row. If you don’t know, I have written a book on my dividend growth investing strategy called Too Much Money. Here’s 25% discount to normal price using this link just for being a blog reader.

Overall, nearly 500 readers have benefited from the products and I’m humbled that so many people have decided to part with their hard-earned dollars to help improve their own financial situation! So thank you. Over $2,100 generated in one month is incredible and really motivates me to keep pumping out great content!

I’m not expecting April to be as big of a book earnings month, because I’m focusing time on building some dividend investing software. This is a stressful affair but hopefully rewarding in helping people cut down the time they need to spend researching stocks. If you would like to give it whirl through a beta test let me know via Twitter.

Overall, this was still a great month in lieu of the crazy coronavirus markets! How was your April?

4 thoughts on “April 2020 Income Report

  1. Hello ,
    I’m a german so my english is not the best …. this is one of the first comments on a website outside from Germany ….. I am also a Dividend investor and wish you all the best … great blog … I come back …
    Thanks a lot for the inspiration
    Yours sincerelly
    Uwe

    Like

  2. Great month Cultivator. Crossing $1,000 in April is HUGE. It does sound like you have some potential items to review for your dividend in the face of the Coronavirus. However, lets see if some of the dividends from your REITs can hold on. I’ve been getting more and more nervous about REITs laterly as the shutdowns drag on. Even with the economy reopening, let’s see how packed AMC’s are.

    Bert

    Like

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