€358 Dividends, 78 Payouts: My COMPLETE Portfolio Unfiltered — April 2026

€358.28 in dividends in 30 days. 78 payouts. 91 entries. 276 positions. Plus May outlook, plus my COMPLETE portfolio from top to flop — unfiltered.

In this portfolio update I show you my entire hard-asset portfolio without any filter: which stocks are running (Canacol Energy +256%, Mara Holdings +45%, Vale Indonesia +28%, GERDAU +27%, M.P. Evans +22%, BW LPG +19%), which are bleeding (Bukit Asam −27%, Indo Tambangraya −19.5%, Unilever Indonesia −18%, PBF −17%, Horizon Oil −17%), and what my plan is for May 2026.

Also: my learning curve since 2022 — from hydrogen hype and tech FOMO to hard-asset cash flow. April 2026 delivers MORE dividend in one month than all of 2022 combined (€45.74). That is 7.8x growth in 4 years.

€358 Dividends, 78 Payouts: My COMPLETE Portfolio Unfiltered | Portfolio Update April 2026

1. April 2026 in Numbers

• €358.28 dividends (78 payouts)
• €5.63 interest
• €1,611.34 new buys
• 91 total activities
• 276 current positions
• CMB.Tech: $0.64 Dividend June 2026 — Ex-Div Explained
• Sell in May 2026: Myth or Real Signal?

For comparison: in 2022 I received only €45.74 in dividends — the entire year. April 2026 beats that in 30 days by a factor of 7.8x. That is the magic of cash-flow compounding — not witchcraft, but consistent hard-asset strategy with dividend reinvestment.

More Oil & Gas: Full guide: Best Upstream Oil & Gas Stocks 2026 — Devon, APA, Var Energi, Coterra and more with dividend analysis.

2. April Buys: €1,611 Across 5 Positions

3. Top Dividends April 2026

4. Top Performers: Canacol, Mara, Vale Indonesia, GERDAU

Other mid-field performers: BW LPG (+19%, see BW LPG Consolidation), M.P. Evans (+22%, palm oil pure play), NewtekOne (BDC), CVS Health (pharma retail), Ardmore Shipping, Hafnia (see Tanker Comparison), ING Groep.

5. Underperformers: Bukit Asam, Indo Tambangraya, Unilever Indonesia, PBF

Unilever Indonesia (−18%) is a small consumer-goods position, currently under pressure from rupiah weakness. PBF Energy (−17%) suffers from refinery margin compression. Horizon Oil (−17%) I recently analyzed — Horizon Oil Analysis 2026 — Papua New Guinea risk persists.

6. Learning Curve Since 2022: From Hydrogen Hype to Hard-Asset Cash Flow

2022: hydrogen stocks (Plug Power, Nel ASA), tech-growth FOMO, crypto bets without a clear thesis. Dividends 2022: €45.74. Full year.

2023: first tanker positions (Frontline, DHT), pivot to yield-oriented sectors.

2024: full pivot to hard assets. Mining sleeve built out (see the complete Mining Overview 2026). Upstream sleeve follows — Upstream Finale with 26 stocks.

April 2026: €358 dividends in one month. 7.8x the entire year 2022. Not a question of faith, but math: consistent cash-flow investing beats FOMO trading across every cycle.

7. May 2026 (Running): €12.98 from 7 Payouts + €800 Deposit

May start: €12.98 from 7 payouts (AT&T, Universal, Verizon, Edison International, Trinity Industries, Altria). Plus €800 fresh deposit. Planned May buys: Hapag-Lloyd (container consolidation play, see Shipping Consolidation 2026), APA (continued build), BCE (telecom yield), Champion Iron (iron-ore mid-cap).

Also: ISIN switch Bitfarms → Keel Infrastructure (crypto mining restructuring).

8. Portfolio Structure: How 276 Positions Are Distributed

• Shipping (Tanker, LPG, LNG, Bulk, Car Carrier, Diversified) — cash-flow anchor. See Shipping Hub.
• Mining (Diversified, Coal, Gold/Silver, Copper, Steel, PGM) — commodity supercycle. 22 mining stocks overview.
• Upstream (Oil & Gas) — 26-stock sleeve. Upstream Finale 2026.
• REITs (Equity + Mortgage) — yield diversification. MPW Analysis.
• Pipelines / Midstream — stable yield component. Midstream Hub.
• Pharma (Novo Nordisk, Pfizer, soon Bayer) — comeback sleeve.
• Dividend classics (Tobacco, Telecom, Insurance) — cash-flow base.

9. Strategy Update Q2 2026: What Is Changing?

Three strategic shifts for Q2 2026:

1. Pharma sleeve widening: Novo Nordisk (see Analysis) is just the start. Bayer is coming in KW20, Pfizer already in.
2. REIT series starting: with MPW as REIT #01 (see MPW Analysis 2026) and STAG Industrial as REIT #02 (KW20).
3. Mining becoming more selective: instead of all 22 stocks, focus on cash-flow champions: Rio Tinto (see BHP vs. Rio Tinto Comparison), Glencore, Central Asia Metals, Valterra Platinum.

→ FLEX LNG Q1 2026: April Portfolio Context →

Glossary: Dividend Safety explained — payout ratio, FCF coverage, net debt, and the 5 metrics that predict dividend cuts before they happen.

Glossary: Free Cash Flow (FCF) explained — why FCF is more important than earnings for dividend investors, and how to calculate it from annual reports.

AuthorMarco Bozem

Independent hard-asset investor since 2022. Covers dividends from shipping, mining, energy & pipelines from a real private-investor portfolio — with disclosed positions on every analysis.

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Dividend Strategy Guide 2026 →