Welcome to another monthly review of DivGro, my portfolio of dividend growth stocks. I founded DivGro in January 2013 to generate a reliable and growing dividend stream, and this is monthly review number 52!
After last month's record-breaking dividend income total, April's total was quite disappointing. As a matter of fact, the last time I earned less than $415 in a single month was way back in October 2015.
So why the big drop?
The main reason is that I
closed my PennantPark Investment (
PNNT) position in February and so gave up a fairly large dividend. Specifically, in
April 2016, I collected $531 just from PNNT... and dividend income totaling $651. This month, without the boost from PNNT, I collected only $414.