Saturday, September 19, 2020

Dividend cut (BBL) and raises (PM, O)

This year has not been too kind with regards to dividend growth. I received several dividend cuts (or "suspensions") with the cut from Shell being the toughest. The latest dividend cut is BBL. A few weeks ago they declared a dividend of $ 1,10 per share which is a 15% decrease from last years dividend. My annual dividend income will decrease by about € 10.

However there's also some good news. Recently PM raised its dividend by almost 3% to $1,20 per share. Realty Income (O) raised its monthly dividend to $0,234 which is a whopping 0,2% increase. My annual dividend income increased by just under € 2 due to these raises.


In total I received 22 raised (and cuts) so far this year. Maybe growth will return later this year, but for now I don't expect anything going forward. I'll just have to deposit more money to grow dividends!

Sunday, September 6, 2020

Dividend Report: August 2020

We're done with July! Let's see how many companies sent me a dividend check for my ownership. These checks are the results of decisions I made earlier in life, sometimes years ago, where I decided to purchase shares in these companies. Nowaydays I still collect these checks but I have to do absolutely nothing to receive them. They just get deposited in my brokerage account, no questions asked. Isn't that great?!


Compared to last year my dividend income remained fairly in place, what isn't exactly a great thing to be honest. I received about € 87 after taxes, compared to € 91 last year. In total I got paid by 5 different companies. Most of my holdings showed some dividend growth albeit really small. However with the decreasing value of the USD compared to EUR my monthly dividend income is almost 5% lower.



I am still ahead compared to the cumulative total I received last year till now. However the trend is not in the right direction. I still aim for an increase this year, but it won't be a growth of 40% as targeted but maybe something like 10%. We'll see what happens! In the meantime, I just keep grinding away, putting money to work and reap the rewards down the line.

How was your month? Do you see values in the current marketplace?

Sunday, August 9, 2020

Dividend Report: July 2020

We're done with July! Let's see how many companies sent me a dividend check for my ownership. These checks are the results of decisions I made earlier in life, sometimes years ago, where I decided to purchase shares in these companies. Nowaydays I still collect these checks but I have to do absolutely nothing to receive them. They just get deposited in my brokerage account, no questions asked. Isn't that great?!


Compared to last year my dividend income decreased drastically. I received just € 35 after taxes, compared to € 72 last year. My US holdings recorded slight increases all around, however my only EUR-denominated stock (Brink) postponed its final dividend payment due to COVID-19. They expect to pay later this year (or beginning of next) if things normalize. In total I got paid by 4 different companies.

I am still ahead compared to the cumulative total I received last year till now. However the trend is not in the right direction. I still aim for an increase this year, but it won't be a growth of 40% as targeted but maybe something like 10%. We'll see what happens! In the meantime, I just keep grinding away, putting money to work and reap the rewards down the line.


Friday, July 10, 2020

Recent buy: Brookfield Infrastructure Partners (BIP)

Last week I purchased 32 shares of Brookfield Infrastructure Partners (ticker: BIP) for $41,62 per share. BIP pays a quarterly dividend of $0,485 so this purchase adds roughly $62 per year before taxed and FX-change.


The reasons of my purchase are as follows:
  • BIP operates a diversified collection of assets generating resilient long-term cash flows. Regulatory frameworks and contracted capacity leads to predictable cash flows.
  • Assets are in various businesses like transportation, utilities, energy, data infrastructure which can be described as recession resistant.
  • Its business is diversified over different areas, but also in a geographic manner. 
  • No significant debt maturities in next five years.
  • Yield of 4,7%.
  • Dividend growth of more than 9% per year in the last five years.
  • Price-to-AFFO is around 16x, which seems like a fair price (but who knows!)
  • Desire to further increase the diversification in my own portfolio by adding another utility-like business.
Thanks for reading! What do you think of my purchase?

Tuesday, July 7, 2020

Dividend Report: June 2020

We're done with June! Let's see how many companies sent me a dividend check for my ownership. These checks are the results of decisions I made earlier in life, sometimes years ago, where I decided to purchase shares in these companies. Nowaydays I still collect these checks but I have to do absolutely nothing to receive them. They just get deposited in my brokerage account, no questions asked. Isn't that great?!


Compared to last year I received a 10% higher dividend income. I received almost € 175 before taxes, about € 150 after. As mentioned earlier, the dividend cut of Shell stings. However, my additions to Unilever, Aflac, and earlier purchases of BEP and JNJ offered some relief. Of course the dividend raises from TROW and UNP were welcome as well! In total I got paid by 12 different companies. 

Based on stock prices, almost all of my companies ended lower. Only BEP increased slightly. Big losers are Aflac, Exxon, Shell, Omega Healthcare. All of these companies decreased between 13 to 17%.

If I look at my progress based on the cumulative dividend income this year I am still about 25% ahead compared to last year. That sounds perfect, especially during these rough times! However, I expect this growth percentage to come down during the year because of the dividend cuts I received in the last two months and the slow dividend growth going forward.


My current forward dividend is slightly below € 1.700,-. I just keep doing what I've been doing in the last years: work, earn money, deposit into my brokerage as much as I can and keep buying income producing assets to enhance my financial situation. Rinse and repeat.

Sunday, July 5, 2020

Dividend raise: Realty Income

Recently Realty Income Corporation (Realty Income, NYSE: O) announced its Board of Directors has declared an increase in the company's common stock monthly cash dividend to $0.2335 per share from $0.233 per share. This raise adds a whopping € 0,14 to my annual dividend income. Ka-ching!


All jokes aside, Realty Income increases their dividend on more than one occasion each year. Last year they raised the dividend 5 times. This is their fourth raise already in 2020. Hopefully there's more to come this year!




So far this is my 17th dividend raise (and two cuts). The Royal Dutch Shell dividend cut still stings and weights heavily on the dividend growth this year. All the raises combined added roughly € 95 to my annual dividend income, however the two cuts decreased my dividend income with more than € 170, for a net reduction of € 77. Let's what the rest of 2020 brings us. I'll keep you updated!

Did you like the dividend raise of O? Do you think the dividend is safe during COVID-19 times? 

Monday, June 1, 2020

Monthly report: May 2020

We're done with May! Let's see how many companies sent me a dividend check for my ownership. These checks are the results of decisions I made earlier in life, sometimes years ago, where I decided to purchase shares in these companies. Nowaydays I still collect these checks but I have to do absolutely nothing to receive them. They just get deposited in my brokerage account, no questions asked. Isn't that great?!



Compared to last year I received a slightly lower dividend income. This is mostly because of the Accell dividend cut I mentioned earlier but the muted (in some case non-existent) dividend growth doesn't help either. Nonetheless, I still received € 94 after taxes. I got paid by 5 different companies. 

Based on stock prices, all companies ended up this month. Only RDS and Aflac finished were they started at the beginning of this month. These two happened to be my last two purchases (here and here). What's up with that?!

If I look at my progress based on the cumulative dividend income this year I am about 25% ahead compared to last year. That sounds perfect, especially during these rough times! However, I expect this growth percentage to come down during the year because of the dividend cuts I received in the last two months and the slow dividend growth going forward.






My current forward divided is slightly below € 1.700,-. I just keep doing what I've been doing in the last years: work, earn my wages, deposit into my brokerage as much as I can and keep buying income producing assets to enhance my financial situation. Rinse and repeat.