Monthly Update: November 2015

A bit overdue but I still need to present my dividend income for the month of November. In the table below I have presented some benchmark indicators of general market indices and my own dividend growth portfolio.

Indicator	As of 31-10	As of 30-11	% change
S&P 500 Total Return	3.871	3.883	+0,3%
Dow Jones Industrials Total Return	36.023	36.277	+0,7%
AEX GR	1.386	1.412	+1,9%
USD.EUR	0,9079	0,9444	+4,0%
Portfolio value	€ 23.787	€ 23.982	+0,8%

However, since I am in it for the long haul I am not too interested in these daily or monthly fluctuations. What matters is that I keep focused on buying high quality companies which provide me with a steady stream of growing dividends.

Purchases

None.

Dividends received
Nine separate companies paid me dividends during this month.

• DE: 18 shares @ $0.60 for a total of $10.80
• KMI: 48 shares @ $0.51 for a total of $24.48
• OHI: 59 shares @ $0.56 for a total of $33.04

Total: around €54 after tax, which is 26% higher than last year.

Dividend increases or decreases during this month

I have two companies in my portfolio that significantly reduced their quarterly dividend payments in recent history: Textainer and Kinder Morgan. The dividend from TGH will be reduced starting with the payment in December. The dividend payment from KMI this month was a "normal" one, however the next payment somewhere in February will be much smaller. I am contemplating what to do with these positions.

Yearly forward dividend
My 12-month forward dividend rate is now €940, compared to €1031 last month. I took a big hit in income due to the dividend from KMI.

Seeking Alpha articles
None.

Monthly Update: October 2015

A bit overdue but I still need to present my dividend income for the month of October. In the table below I have presented some benchmark indicators of general market indices and my own dividend growth portfolio.

Indicator	As of 30-9	As of 31-10	% change
S&P 500 Total Return	3.570	3.871	+8,4%
Dow Jones Industrials Total Return	33.172	36.023	+8,6%
AEX GR	1.261	1.386	+9,9%
USD.EUR	0,8953	0,9079	+1,4%
Portfolio value	€ 21.951	€ 23.787	+8,4%

However, since I am in it for the long haul I am not too interested in these daily or monthly fluctuations. What matters is that I keep focused on buying high quality companies which provide me with a steady stream of growing dividends.

Purchases

None.

Dividends received
Nine separate companies paid me dividends during this month.

• KO: 37 shares @ $0.33 for a total of $12.21
• BAX: 22 shares @ $0.115 for a total of $2.53
• BXLT: 22 shares @ $0.07 for a total of $1.54
• PM: 17 shares @ $1.02 for a total of $17.34
• I earned $37.70 in option premiums because I sold a covered call.

Total: around €62 after tax.

Dividend increases during this month

PM raised their dividends from a quarterly payment of $1.00 to $1.02.

Yearly forward dividend
My 12-month forward dividend rate is now €1031, compared to €1038 last month. I took a big hit in income due to a dividend cut from TGH. The dollar appreciated in value against the euro so that kind of offset the dividend cut from TGH.

Seeking Alpha articles
I wrote two articles for Seeking Alpha:

• Total Return In The Industrial Gases Sector: Why Airgas Outperformed Praxair And Air Products And Chemicals
• Total Return In The Insurance Sector: Why Aflac Was An Inferior Investment Compared To Chubb And Ace