April Dividend Income Update

I have been building a stock portfolio of dividend stocks outside of my retirement accounts that I will use to help produce income in retirement. This portfolio was valued at $151,577 as of the end of April.

My Annualized Dividend Income as of the end of April increased to $6,506 from $6,302 over the past month. This means my dividend stocks will pay $6,506 in dividends over the next 12 months. This portfolio of stocks has a current yield of 4.29%.

I made around $300 of dividend stock purchases for the past month from dividend distributions. The stock market was up for the month and we continue to see companies increasing their dividends this year.

Most of my stocks are held in my Zecco Trading account and the rest are DRIPs. I plan to look for a new brokerage firm in May as Zecco is now charging me $4.95 for stock trade commissions. The dividends from my stocks are reinvested but I am keeping track of the amount of income I could receive once I retire or choose to receive the dividends in cash.

I will post my Top 20 Stock Holdings on Wednesday.