Here is the dividend income report for April, 2024.
The monthly dividend income came out to $302.91. The yearly income total for 2024 through the end of the month was $2767.61.
The income for April, 2023 was $206.73, and the yearly income for 2023 through the end of April was $2591.69.
The twelve-month moving average broke $1,100 for the fifth time.
Since I am behind, I will discuss a few changes I am making and thinking about making to my portfolio.
I have bought shares in XDTE, the Roundhill S&P 500 0DTE Covered Call Strategy ETF (Yahoo page here, Roundhill page here). It is similar to XYLD, the Global X S&P 500 Covered Call ETF (Yahoo Finance page here, GlobalX page here). I have been looking into option ETFs to possibly replace XYLD. A lot of people are concerned about return of capital and that a lot of option ETFs do not appreciate in price along with their underlying index (or the index underlying their index, since XYLD does not follow the S&P directly). I have done some reading and seen a few interviews with ETF managers on YouTube. I plan on writing more about this subject in the future.
For now I will keep XDTE and XYLD. XDTE pays weekly and has a higher expense ratio. Hopefully the more frequent dividends will make up for the higher expenses. XDTE is actively managed, and only has $27 million under management with an expense ratio of 0.95%. XYLD is passively managed, has $2.8 billion under management, and has an expense ratio of 0.60%. Another passive fund from GlobalX (QYLD) has $8.2 billion assets, and they just increased the expense ratio to 0.61%. XDTE is actively managed and has about 0.96428% of the assets as XYLD. XDTE is a newer fund. I predict that as it gets more assets its expense ratio will come down. I have a few more interviews with GlobalX managers to watch, but given how much they charge they seem expensive.
Together these two funds make up about 1.5% of my total assets.
I have also sold all my shares of SDY, the SPDR S&P Dividend ETF (State Street page here, Yahoo Finance page here). As soon as the cash is all settled, I will buy SCHD, the Schwab US Dividend Equity ETF (Schwab page here, Yahoo Finance page here).
I am thinking about replacing a couple of my other funds. I might replace WDIV (SPDR S&P Global Dividend ETF; Yahoo Finance page here, State Street Page here) with SCHY (Schwab International Dividend Equity ETF; Schwab page here, Yahoo Finance page here). Here is a table comparing the two, using information on the fund pages:
| SCHY | WDIV | |
|---|---|---|
| Assets | $755M | $199M |
| Expense Ratio | 0.14% | 0.40% |
| 30 Day SEC Yield | 4.33% | 4.56% |
| Fund Distribution Yield | 5.05% | 4.76% |
SCHY has a lower expense ratio, and a better yield.
Here is the country breakdown for SCHY (I think this adds up to 82.09%):
| United Kingdom | 14.95% |
| Australia | 12.06% |
| France | 11.75% |
| Japan | 10.48% |
| Switzerland | 9.12% |
| Italy | 7.52% |
| Canada | 6.67% |
| India | 3.87% |
| Germany | 3.15% |
| Netherlands | 2.52% |
Here is the country breakdown for WDIV (this does add up to 100%):
| United States | 24.24% |
| Canada | 20.24% |
| Japan | 13.25% |
| Switzerland | 8.21% |
| Hong Kong | 8.16% |
| United Kingdom | 3.86% |
| Italy | 2.91% |
| South Korea | 2.80% |
| Belgium | 2.50% |
| France | 2.45% |
| Finland | 1.87% |
| Taiwan | 1.68% |
| Germany | 1.53% |
| Saudi Arabia | 1.41% |
| China | 1.37% |
| Australia | 1.30% |
| Norway | 0.81% |
| Portugal | 0.73% |
| Sweden | 0.69% |
SCHY does not have any money in the United States, while WDIV has 24.24% in the United States. I have plenty of other funds invested in the USA. SCHY has 14.35% outside of Western/Eurocentric countries, while WDIV has 28.67% of its assets outside the west. I might instead go with a mix of the two.
Schwab also has a real estate ETF (SCHH; Schwab U.S. REIT ETF). I have RWR (SPDR Dow Jones REIT ETF). RWR has a higher expense ratio than SCHH, but it also has a higher yield. The difference in expenses is less than the difference in yield.
Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each April from the beginning of my records through 2024:
| Month | YTD | Amount | 3MMA | 12MMA |
|---|---|---|---|---|
| 2024-04 | $2,767.61 | $302.81 | $894.76 | $1,138.72 |
| 2023-04 | $2,591.69 | $206.73 | $831.05 | $1,031.66 |
| 2022-04 | $2,397.58 | $265.84 | $774.77 | $917.50 |
| 2021-04 | $2,339.11 | $259.95 | $750.24 | $884.09 |
| 2020-04 | $2,271.57 | $200.13 | $753.19 | $907.51 |
| 2019-04 | $1,855.76 | $483.26 | $588.35 | $629.22 |
| 2018-04 | $1,276.89 | $50.88 | $405.77 | $583.24 |
| 2017-04 | $1,814.94 | $324.66 | $532.02 | $522.40 |
| 2016-04 | $1,622.67 | $270.38 | $461.86 | $471.14 |
| 2015-04 | $1,441.12 | $261.30 | $409.21 | $395.68 |
| 2014-04 | $1,130.58 | $196.43 | $323.64 | $303.18 |
| 2013-04 | $898.59 | $179.23 | $262.82 | $289.40 |
| 2012-04 | $1,010.82 | $218.56 | $274.05 | $271.21 |
| 2011-04 | $848.29 | $203.10 | $216.30 | $179.46 |
Here are the securities and the income amounts for April, 2024:
- Vanguard Total Bond Market ETF: $232.54
- Vanguard Total International Bond ETF: $21.99
- Global X S&P 500 Covered Call ETF: $48.28
There is no good place to look at your phone.
Painting ‘Jacob Wrestling with the Angel’ by Alexandre-Louis Leloir (1843-1884); image from Wikimedia; image assumed to be under public domain.
Perfect
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