Today I am going to look back a bit on the growth of the dividends of the companies I own. Normally I do this more frequently but in the past two years I haven't updated my blog. So here goes!
In 2016 I received about €785 in dividends. This is net (after dividend tax) and calculated using the USD.EUR rate at the time of the dividend payment. In reality however I don't convert and just use the USD to reinvest in a new purchase. This is a rather big decline compared to 2015. There are several reasons:
- Various serious dividend cuts
- Kinder Morgan (KMI)
- Billiton (BBL)
- Textainer (TGH)
- Spin-off Baxalta from Baxter and subsequent dividend reduction.
In 2018 the growth in dividend income was slightly higher (+10%). I received some big increases (>15%) in 2018. Billiton, Kinder Morgan, Aflac, Union Pacific and T Rowe Price come to mind. However my biggest holdings in terms of income (Royal Dutch Shell and Omega Healthcare) decided to keep the dividend at its place. This kind of muted the overall dividend growth. I don't expect these kind of raises at my current job, so I'm quite satisfied with a 10% increase.
I expect a higher dividend growth in 2019, because I started to deposit new funds on a monthly basis. Depending on the amount of available funds I hope to achieve a growth of 15-16%. More on that later though!
How was your 2018 dividend wise? Are you satisfied with your dividend growth?