Dividend Builder – April 2020

The initial shock of the market crash is over. Life is settling into a routine of political and economic volatility. I am trying to stay aware of these moods, but mostly staying apart from them. A luxury not everyone has available to them.

My investment portfolio has lost value, but the sting is blunted. I am after dividend income first. Share appreciation is a secondary goal. A few of the companies I’m invested in have cut or suspended their dividend. Disappointing, but not enough to put too big of a dent in my budding passive income stream. The market is jumpy. It shies or bellows at every whiff of good, bad, or different news. I love the great swing and position trade set-ups these conditions offer. In part, this turmoil motivated me to take another crack at swing trading. I’m tracking my weekly progress. You can check in on the first update at Swing Trading with $300.

Let’s dig into the details for April.

April 2020 Dividend Income

TickerCompanyDiv Income
IRMIron Mountain Inc$3.09
FRTFederal Realty Investment Trust$5.25
STORStore Capital Corp$5.25
HRZNHorizon Technology Finance Corp$3.45
CSCOCisco Systems, Inc.$4.32
JPMJPMorgan Chase & Co.$2.70
Total: $28.82

My lowliest month for dividends since starting this blog, but I am up 40% or $8.29 from my dividend income in April 2019. Not quite the 323% increase I experienced from March 2019 to March 2020. I am content with this progress as my account is contending with APLE suspending their dividend and NRZ not paying out their first quarter dividend until May 15th. NRZ also slashed their dividend from $0.50 a share to $0.05 a share. The economic fallout from Coronavirus cost me $65.00 in lost dividend income for April. I have nothing to complain about though. In all of this, I have been fortunate and I am counting my blessings.

April 2020 First Time Additions

JBLUJetBlue Airways Corporation20$7.84
AZULAzul SA30$8.24

I bought into both airlines with the intention of swing trading all or some of the shares. If a swing opportunity did not come along, I would have been happy to hold both for long term growth. Down below, I’ll share how the swing played out.

April 2020 Increased Positions

Ticker CompanySharesEntry
HRZNHorizon Technology Finance Corp7$9.17

I wanted to add to to HRZN due to their ongoing strong performance. They distributed an extra dividend payment of $0.05 on top of their standard $0.10 monthly dividend payment. These seven shares rounded out my holding to thirty shares of HRZN.

April 2020 Position and Swing Trades

As I teased above, I did execute a couple of swings. I sold all twenty of my AZUL shares at $9.45 for a total profit of $24.20. I sold ten of my JBLU shares at $9.12 for a profit of $12.80. My execution was not perfect and I left profit on the table; however, I am happy with the overall result. Profit is profit and it all adds a little more capital to my account.

Monthly Summary

Dividend income drizzled in at $28.82. Pandemic and economic meltdown impacted results, but I made progress against April 2019.

Trading income splashed in at $37.00 even. I am not counting any profit or losses from my Swing Trading with $300 challenge as that is being tracked as its own entity.

Total income for April 2020 showered in at $65.82. Sorry, I just had to do April shower verbs for each of these lines.

This has been an entertaining month purely from the perspective of market turmoil and market opportunity. I have enjoyed being a trader and an investor despite seeing my overall portfolio value plummet. I am confident prices will recover, and I’m confident that most suspended or cut dividends will make their way back.

Thanks as always for reading. I’ll be back in early June with the May 2020 Dividend Builder update.

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