It rains, it pours, and as April comes to an end, I get my dividends. In total, I got paid $25.23 in April. The biggest paycheck of the month came from Altria Group (MO) being $11.79. Altria Group in the last month has been in the green, and with its payout ratio still below its 5-Year average plus its large dividend, I will keep buying. The next largest dividend paycheck comes from Comcast (CMCSA) at $5.17. Comcast struggled in 2022 but has stayed strong as one of the best dividend growth communication stocks. In comparison to AT&T and Verizon, I would own Comcast every day.
Coca-Cola (KO) is one of my favorite consumer defensive stocks. It has such a wide MOAT and for me, it great alternative to a bond. This month I got a paycheck of $4.69. Illinois Tool Works (ITW) is a dividend king and a great dividend growth stock. This month I got a paycheck of $3.59. The price has skyrocketed this year, so I am enjoying the capital appreciation and dividend paycheck.
Lastly, If you check the last picture below, I have just created a do-it-yourself portfolio dashboard. it has everything like a portfolio calculator, a dividend calendar, and much more. This is not on the Patreon yet, but will be very soon! Check out the page by clicking this link.
I use the stock trading platform called Public (this is an affiliated link where I get a small kickback if you sign up with my referral code/link!). Public charges no fees to invest, you can choose to have your dividends to be in a reinvestment plan (DRIP) (this is very important and will likely be explained in another blog), the platform is simple and user-friendly, and you can buy fractional shares. I have enjoyed Public’s platform during this past year and will continue to use it in the future. The link above is an affiliated link sign up today and get a free slice of a popular stock between $3-300! This is my compounding machine in which I hope to reach financial independence by using dividend growth stocks to supplement my income.
To act as a high-return savings account, I use an M1 finance account (Sign up today and get $10 for free!). I will use this fund to help pay a down payment on a car or house, and any other future expenses. Instead of getting a 1-2% yield/return, I hope to get an 8-12% return.
"Those times when you stay up late and you work hard; those times when don’t feel like working — you’re too tired, you don’t want to push yourself — but you do it anyway. That is actually the dream. That’s the dream. It’s not the destination, it’s the journey. And if you guys can understand that, what you’ll see happen is that you won’t accomplish your dreams, and your dreams won’t come true, something greater will." - Kobe Bryant