Recent buy: TGH

Yesterday I purchased 57 shares of TGH for $16.20 per share. With this purchase I now have 100 shares of TGH. I plan to write covered calls against my position to generate extra income. I expect that the share price of TGH won't have any real upside in the short term due to low rental rates. The dividend however seems sustainable (see my article on Seeking Alpha). If the valuation multiple returns to the historical average in a few years, total return should more than offset the extra risk.

I'll get up another post in a few days about my possible option purchase.

Textainer: Dividend Seems Safe But Investors Need Courage

Textainer is facing difficult times. Rental rates are historically low and renewing long term leases at lower prices puts a dent in revenues. Textainer should be able to maintain their dividend, unless something dramatic and unforeseen happens. Read the rest of the article on Seeking Alpha!

Monthly Update: August 2015

It's that time of the month again! I guess last month wasn't kind to my portfolio but honestly I wasn't all that bothered. I was mostly frustrated by the fact that I did not have any real liquidity on hand to take advantage of some of the low stock prices. I kind of need to save a bit extra to fund my (possible) future home purchase (and consequently the costs of selling our current apartment).

After the big losses in earlier in June, followed by a small recovery in July, my portfolio really suffered this month. In the table below I have presented some benchmark indicators of general market indices and my own dividend growth portfolio.

August 2015
Indicator	As of 31-7	As of 31-8	% change
S&P 500 Total Return	3.896	3.661	-6,0%
Dow Jones Industrials Total Return	35.848	33.627	-6,2%
AEX GR	1.472	1.317	-10,5%
USD.EUR	0,9082	0,8909	-1,9%
Portfolio value	€ 24.074	€ 21.906	-9,0%

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.

Monthly Update: July 2015

It's that time of the month again! I am late because I just returned from my holiday. It's a nice feeling to be away for three weeks yet still get paid a few bucks for owning shares in some wonderful companies.

After the big losses in my portfolio last month, this month showed some black numbers again. In the table below I have presented some benchmark indicators of general market indices and my own dividend growth portfolio.

July 2015
Indicator	As of 30-6	As of 31-7	% change
S&P 500 Total Return	3.816	3.896	+2,1%
Dow Jones Industrials Total Return	35.662	35.848	+0,5%
AEX GR	1.403	1.472	+4,9%
USD.EUR	0,9032	0,9082	+0,6%
Portfolio value	€ 23.631	€ 24.074	+1,9%

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.

Omega Healthcare Investors: A Healthcare REIT That Under Promised And Over Delivered In The Last Decade

When I wrote my monthly update last Wednesday and had to write about my Seeking Alpha goal (writing 24 articles this year) I was actually feeling a little bit miserable about myself. I already had some valuation analysis done for Omega Healthcare Investors (OHI) and decided to put it in an article.

I have been a shareholder of Omega Healthcare Investors since December 2013. Back then I opened a position for roughly $30 a share. I was attracted by the consistent revenue growth in the past few years, high dividend growth rate and yield. This purchase has become one of my better buys in the past years with an annualized rate of return of almost 18%. I am contemplating adding to my position, but does that make sense when the stock has performed so wonderful the last 1.5 years? It must be overvalued, right? However there are some great companies like Johnson & Johnson, Colgate and Disney that constantly seem overvalued but still have the ability to provide great rate of returns for a shareholder. I am not comparing Omega to these companies in any meaningful way but still would like to investigate whether the current valuation merits a buy or not.

You can read the rest of the article here:

http://seekingalpha.com/article/3315655-omega-healthcare-investors-a-healthcare-reit-that-under-promised-and-over-delivered-in-the-last-decade

Monthly Update: June 2015

It's that time of the month again! A few days late but here's my monthly update for June. Markets lost a lot of ground, especially the Dutch AEX. But my portfolio definitely took a tumble this month. Down over 5%, with special attention to INTC (-11%), KMI (-8%) and TGH (-7%). In the table below I have presented some benchmark indicators of general market indices and my own dividend growth portfolio.

Indicator	As of 30-5	As of 30-6	% change
S&P 500 Total Return	3.891	3.816	-1,9%
Dow Jones Industrials Total Return	36.473	35.662	-2,2%
AEX GR	1.461	1.403	-4,0%
USD.EUR	0,9020	0,9032	0,1%
Portfolio value	€ 24.890	€ 23.631	-5,1%

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. Too bad I don't have any capital available right now to pounce on some of the value the market is currently offering.

Monthly Update: May 2015

It's that time of the month again! A few days late but here's my monthly update for May. In general markets rose with gains between 1 and 2%. The USD.EUR-rate also increased 1% which helps my portfolio since around 80% is USD-listed. In the table below I have presented some benchmark indicators of general market indices and my own dividend growth portfolio.

May 2015
Indicator	As of 30-4	As of 30-5	% change
S&P 500 Total Return	3.842	3.891	+1.3%
Dow Jones Industrials Total Return	35.927	36.473	+1.5%
AEX GR	1.437	1.461	+1.6%
USD.EUR	0.8929	0.9020	+1.0%
Portfolio value	€ 24.833	€ 24.890	+0.2%

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.