Although it is not quite the end of the month, I have received all the dividends that are due in April, and can therefore report on my dividend performance for the month.
I am delighted to report that the amount paid in April was £598.04, which is a great monthly income, and if my assessment of future dividends is correct, will be the first of four months this year where I earn more than £500 in the month. the increase in the month was 29.77% from April last year which is an increase of £137.20 in actual cash terms.
The table below shows the breakdown of where the dividends were paid
Some of the increase is due to two companies in my SIPP changing the month when the dividends were paid (but the months they have moves from will still show an increase compared to last year). The main increase without the month changes has come from my ISA, and this is due to the amount of money invested in the last twelve months, and the re-investment of dividends. In my SIPP the change in income is due to the dividend increases by all the companies paying out in April compared to last year. This “pay rise” has come without me having to work any extra hours, or improve my performance and shows the benefit of investing in shares instead of fixed income, as if I held bonds my income would have been no more than last year compared to the 6.85% increase in these companies dividend pay out.
I will therefore continue to invest my money in high quality dividend shares in order to not only provide an income stream, but for that income stream to increase most years (there will be some years when companies hold or cut their dividend, but if this is only one or two from a portfolio, I should still achieve an overall increase). This increase should protect me from inflation over the (hopefully) many years of Financial Independence.