Dividend update: April 2017

By | April 30, 2017

Author: Mr and Mrs DDU.

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One day we want to be able to live purely off the income from our investments. The earlier this happens in our lives, the better.

How do we know if we’re getting any closer? By tracking it of course.

Our dividend updates and graphs run from 1st July to 30th June each year, lining up with the Australian tax year. So this is this the 10th month of this tax year.

Dividend Update

In April we were paid the following in cash and franking credits:

  • Altium (ASX:ALU) $27.61 cash and $0 franking credits. Total $27.61
  • InvoCare (ASX:IVC) $10.20 cash and $4.37 franking credits. Total $14.57
  • Japara Healthcare (ASX:JHC) $57.42 cash and $24.61 franking credits. Total $82.03
  • Rural Funds (ASX:RFF) $10.39 cash and $0 franking credits. Total $10.39
  • Select Harvests (ASX:SHV) $6.70 cash and $2.87 franking credits. Total $9.57
  • WAM Capital (ASX:WAM) $17.03 cash and $7.30 franking credits. Total $24.33
  • WAM Research (ASX:WAX) $18.54 cash and $7.95 franking credits. Total $26.49
  • Combined $147.89 cash and $47.10 franking credits. Total $194.99

With the above dividends, we re-invested the ones that had DRPs (Dividend Re-Investment Plans) and received:

27 Japara shares

5 Rural Funds shares

1 Select Harvests share

7 WAM Capital shares

12 WAM Research shares

Here is our dividend graph for the tax year so far:

Wow! Not just another month over $100, but nearly $200! This was a great month. $195 could pay for a lot of things in our lives, but like you saw above we’re putting all of it back into more shares to grow the snowball quicker.

Let’s compare how we did against the previous year’s month. So let’s have a look:

April 2016: $42.20

April 2017: $194.99

Increase in dollars: $152.79

Increase in percentage: 362%

A gigantic increase in % terms. We must admit that around 200% of this gain came from Japara changing its payout from May to April. Without that change, our increase was still 168%. Either way, it’s a great increase and we couldn’t be happier with how much income we received this month.

We’re an extremely long way off being able to live off our investment income, but the ball is really rolling now.

How was your April for dividends?

Thanks for reading this article about our investing journey Down Under.

Onwards and upwards!

32 thoughts on “Dividend update: April 2017

    1. Dividends Down Under Post author

      Thanks WF30 🙂 Here’s a late reply! Yes, it’s not something we keep a constant track of (no value add necessarily), but it was 4.77% including franking credits last time I checked. Some of our largest holdings have small yields such as CGF, RHC and ALU.

      Mr DDU

      Reply
  1. Buy, Hold Long

    Very well done. I also hold RFF but wasn’t in time to put them into DRP. Next time they pay I definitely will. Thanks for sharing. Nearly $200 is fantastic. All the best.

    Reply
    1. Dividends Down Under Post author

      Thanks BHL. Shame that you missed the DRP! Have you taken up the capital raising offer? Hopefully you get some nice RFF dividends next time around now that you’re activating the DRP 🙂

      Mrs DDU

      Reply
  2. Stalflare

    Ciao,
    Looks like things are “heating up” there! 🙂 It’s great when you start running comparisons and see that the strategy is paying off, keep it up and all the best for the future! 🙂
    My April was very “full”, especially on the options front, but it should come up positive compared to last year, and that’s what it matters!
    Ciao ciao
    Stal

    Reply
    1. Dividends Down Under Post author

      Heating up just as we are coming into winter here in Australia – gotta get some warmth from somewhere haha.

      Glad things are looking positive for you too Stal.

      Mrs DDU

      Reply
  3. Dividend Divas

    I like the names you have in your portfolio. My April dividends came from stodgier companies: WOW, SUN, FLT, RFG etc.
    Like TheWealtyBogan above, WAM is on the watch list.

    With that kind of YoY growth, just think what next April will look like.

    All the best with the portfolio and life’s grandest adventure – parenthood!

    DD

    Reply
    1. Dividends Down Under Post author

      I like your description of “stodgier”. Thank you for your kind words Diva. When will you have a blog of your own up? Would love to read about your investing journey, the more Aussies the merrier!

      Mrs DDU

      Reply
  4. LadyFIRE

    Nice work! A lot of my things pay in April too so it was a massive month, like Christmas come again! Unfortunately I’ve got a drought from here till the next quarter :p

    Reply
    1. Dividends Down Under Post author

      Thanks Ladyfire. Sad to hear that you’ve gotta wait so long until “Christmas” comes again! Guess it’s the yearly total that counts in the end, right?

      Mrs DDU

      Reply
  5. Adventures with Poopsie

    We did pretty well for dividends this quarter, although I will admit I was expecting it to be a teensy bit higher. Perhaps I need to adjust my expectations.

    Sounds like you guys are doing well, very pleased to hear it!

    Reply
    1. Dividends Down Under Post author

      I’m always a little too optimistic about what levels our dividends will achieve, guess I’m a little impatient for them to grow. It will be a lovely day when the dividends surprise and boggle my mind – I hope that day comes for you too.

      Mrs DDU

      Reply
  6. Divnomics

    That’s very impressive! It’s good to see those dividend growing.

    We also had 1 of our holding decided to pay in a different month. Unfortunately it’s the other way around, they will pay in May instead of April, which skewered our growth rate a lot (in a negative sense).

    Do you expect less dividend income for the coming month because of the switch of Japara?

    Reply
    1. Dividends Down Under Post author

      Thanks Divnomics! Here’s a late reply haha – yes we definitely expected a lower dividend total for the next month as Japara is one of our largest holdings.

      Mr DDU

      Reply
  7. Dividend Portfolio

    Very impressive DDU. Not only did you record over 350% increase from last year April, you nearly hit the $200 mark. Keep it going. patience and persistency are the keys the success.

    Reply
  8. Divi Cents

    Very nice progress.
    It’s great to see the dividend pile keep growing. Soo close to the $200 mark

    Reply
  9. Dividend Daze

    Congrats, that is a great month. It is always a nice feeling to see over $100, but you almost doubled that. Lots of good DRIP shares on top of that to boost your growth even more.

    Reply
  10. DivHut

    Wow… impressive totals for the month of April. Nice amount of cash rolling in, huge year over year increase and continuing to DRIP to get that snowball growing even faster. Love it. Keep up the good work!

    Reply
  11. Dividend Noob

    Damn that’s huge growth! I remember you progress from the previous month. Definitely a big improvement

    Since you guys use Dividend reinvestment plan, do you guys use DRPS for all your stock as i heard it might be better to allow the dividends amounts to accrue in the cash account and decide to purchase more undervalued stock instead. What do you guys think?

    Anyways been a long time lurker finally decided to comment. Keep up the content~

    Reply
    1. Dividends Down Under Post author

      Thanks for following our blog and commenting 🙂

      We use DRPs for essentially all the shares that offer them. Some of our holdings are very small and we want to grow them with our overall portfolio, without necessarily adding another buy to that holding. Plus, a few offer small discounts for DRPing, such as Rural Funds and WAM.

      You’re right, it would be better overall to take the dividends as cash and re-direct that into the best choice. Perhaps in a few years we’ll do that when our initial buy is above $1k each time.

      Mr DDU

      Reply

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