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 $147,490 as of the end of April.

My Annualized Dividend Income as of the end of April increased to $6,512 from $6,494 over the past month. This means my dividend stocks will pay $6,512 in dividends over the next 12 months. This portfolio of stocks has a current yield of 4.41%.

All my dividend distributions from the month went toward paying down debt. The stock market was about the same for the month and we continue to see companies increasing their dividends this year.

Most of my stocks are held in my Vanguard Brokerage account and the rest are DRIPs. 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 Thursday.

April Net Worth

As of the end of April our Net Worth increased to $1,007,528 from $1,004,492 for the month which is a .30% increase. We are still above the $1M barrier which we broke in March for the first time. The increase in net worth is tied to the increase in cash savings. The stock market in April was down very slightly.

The breakout is as follows:
ASSETS
Retirement Accounts $526,161
Taxable Accounts $147,490
Cash $35,785
Home $205,000
Other Real Estate $145,000
Cars $17,800
Personal Property $3,000
Kids 529 Accounts $45,981

DEBT

Other Mortgage $110,057

Car Loan $8,632

NET WORTH

$1,007,528

Here is the summary for this month:

The stock market was down slightly for the month of April. The S&P 500 was down .39% for the month and that accounted for the account staying nearly the same in value.

We use our other credit cards for rewards but pay off the balances each month. All dividends received this month went toward paying down debt.

We also have a car loan of $8,632 since we purchased a new car in October 2011.

We will be paying down debt and trying to building up our cash over the next few months to increase our cash reserves. You can click on my Net Worth graph on the right to see the changes in each category from the previous month. We continue to fund our Roth IRA's each month.

I will post my Dividend Income Update on Wednesday.