Dividend Portfolio Update for April 2024

Earnings Season Delivers Amid Economic Concerns

Earnings season is in full swing, and it appears that the majority of S&P 500 companies are surpassing expectations, with nearly 80% beating forecasts. Despite initial concerns about the potential negative impact of rising interest rates on this quarter’s earnings, companies are demonstrating resilience. Guidance does seem more moderate and cautious. Interestingly, the most earnings surprises have emerged from the consumer discretionary sector. This trend could be indicative of sustained consumer confidence and spending habits, despite a savings rate that has dropped to a seldom-seen low of approximately 3.2%. The rising trends in credit card and auto loan delinquencies however are a cause of concern.

Life-Changing Opportunities in Times of Disruption

We are currently witnessing a major disruptive force beginning to shape the economy. Historically, such periods often conceal significant opportunities. One of the pivotal decisions we face today is whether to embrace the AI revolution or risk being left behind. As numerous “trains” depart from this economic station, the choices we make could lead to life-changing financial outcomes.

This moment stirs a mix of anticipation and uncertainty reminiscent of what I felt during the financial crisis and the recent pandemic. During those times, clear deductive decision making, resilience and adaptiveness were key to navigating the turbulent waters. Drawing from those experiences, it’s clear that staying informed and proactive is crucial in capitalizing on the opportunities that disruptions bring.

With that in mind, I plan to strategically position this income portfolio to capitalize on AI advancements while aiming to modestly squeeze yield. Let’s get this update in the books, shall we?

Buys and Sells

• Net contributions to portfolio this month: $96,689.27
• Purchased 14 shares of the QQQ’s this month standing at 110/500.

Pass Go Collect Dividends!

• Total divies received for the month: $1,161.12
• Yoy changes: 38.1%

Portfolio Snapshot

• Projected annual dividend is up 31.9% yoy.
• YTD Dividend income: $4,772.95

And that’s a wrap! 🤺