Recent Buy: Unilever

 A few days ago I added to my existing position in Unilever (ticker: UL). I purchased my first 37 shares back in 2013 when the dividend yield was around 3,6%. The Price/Earnings-ratio at the time of my first purchas was around 20x. In those eight years the quarterly dividend has grown by almost 7% annualy. That's not too bad considering the starting yield. 

Subsequently I purchased additional shares in 2019 and 2020 with starting yields between 3,0 and 3,2%. The P/E-ratio hovered between 17-20x for those purchases. Currently Unilever is valued at a comparable forward P/E-ratio but with a somewhat higher starting yield of 3,6%. 

Even though my position in Unilever is already slightly bigger than average, I decided to increase my position by purchasing another 18 shares for €46,85 per share. This purchase added about €30 to my forward dividend income which currently stands at about € 2.070 before tax.

What do you tink of my purchase of Unilever?

Recent buy: TROW

A few days ago I added to my existing position in T. Rowe Price (ticker: TROW). I purchased my first 20 shares back in 2016 when the dividend yield was around 2,9%. The Price/Earnings-ratio at the time of my first purchas was around 17,5x. In those five years the quarterly dividend has exactly doubled, and the share price followed suit. The shares of TROW outperformed the S&P500 by a wide margin. Needless to say I am more than satisfied with this investment.

Currently TROW is valued more or less at the same P/E-ratio albeit with a slighly lower dividend yield. The company is firing on all cylinders, has improved its net income margin, decreased the number of oustanding shares by almost 10% and still has no debt whatsoever. Obviously the performance was boosted by increasing share prices accross the board.

Even though my position in TROW was already slightly bigger than average, I decided to increase my position by 50% by purchasing another 10 shares for $ 176,70 per share. This purchase added about $43  to my forward dividend income which currently stands at about € 2.060 before tax.

What do you tink of my purchase of TROW?

Dividend report: March 2021

March is over! 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?!

Based on a constant exchange rate my dividend income grew by about 7%. It's not bad considering what happened last year when Shell had a major dividend cut. However, I did have some nice raises last year, for instance from BBL and TROW and Aflac. I also added to my position in Aflac last year and opened a new position in BIP.

All in all I received more than € 200 after tax from my investments, which is a milestone! Besides the month of January when I receive my annual dividend in Brink, I have never reached such a high passive income. I might not reach this milestone again for six months because of the semi-annual payout from BBL but we'll see what happens!

With a great first month, a decent 2nd and a fine 3rd month, 2021 is off to a good start. With my latest addition in Ahold Delhaize my dividend income increased to more than € 2.000. Let's keep it going! 

How was your March?