April was overall another positive month for the market, after a wild ride down in the mid-to-end of March. There were dividend suspensions across the retail industry and even dividend cuts, including one from a major oil player that did not cut their dividend since the World War days. Time to dive into April’s dividend stock purchase activity!
This article contains the dividend growth stocks that I will be keeping my eye on this month. Continue reading to view Bert’s May Dividend Stock Watch List.
Last week, I released my March dividend income summary. Typically, I’ll show my stock purchases in the summary article. However, in March, I made a lot of low dollar stock purchases, as the market showed its twists and turns. As a result, I decided to split the articles so I can discuss some of the purchases in greater detail. This article will summarize my March dividend stock purchases.
March was the most interesting month, in quite some time, to say the least. We witnessed many down and up days of over 5%. As I am typing this, the market has had their best 4 day run since 1974, literally 46 years ago. This just goes to show you how low the market hit and even with this, the market is still undervalued. Could this be a teaser upswing, to set us up for the next bear drop? Who knows. What I do know is that the dividend stock purchases continued through the month of March!
The last month has been unlike anything I have experienced as a dividend investor. I primarily started investing in 2011 and 2012, well after the the market calmed down after the financial crisis. There have been blips since then (Oil prices collapsing in 2016, for example), but nothing close to the magnitude of what we are experiencing now. It is most important that we all remain healthy. But after that, my family and I are trying to make the right financial and investment decisions. Because after all, as we are unfortunately seeing, you cannot predict what tomorrow will bring. So today, I spent some time researching dividend growth stocks and built my April dividend stock watch list.
I thought the end of February was insane for the market. During that time, I took advantage of some great deals in the stock market. But if March has proven anything to me, it is the importance of why you cannot try to time the market. Each day presents a new set of twists and turns, as more information and details come to light about the coronavirus and those impacted. The most important thing is we all do our best to stay healthy. Like Lanny this week, who wrote about how his family added $230 in dividend income from purchases in February, I also wanted to take some time and summarize my stock purchases from February.