Monthly update: March
Three months have passed already, the first full quarter of 2018 is behind us. Time to review month #3!
I’ve transferred €46,84 to my broker in March, it’s my monthly pay out of FundingCircle cash which I always directly transfer to my brokerage. I decided not to add more cash to build up reserves for personal spending and to have more cash on hand when some sort of correction finally hits. After the rollercoaster rides this month I’m more and more confident a real correction is upon us.
I have made zero changes this month, after some rebalancing (selling NKE, CVS, ORC and CSCO) in the first two months of the year, my portfolio is steadily spitting out dividends without interruption once again. Due to some changes in my personal life like work and housing the next few months my priority will be on building up my bank balance instead of investing. Luckily however I have a steady amount invested already and the rewards will keep coming to me without even lifting a finger, the power of DGI!
Luckily I have some things to list here, this is perhaps the most exciting part of dividend growth investing.
–Qualcomm announced a 8,77% increase on the 8th of March, this comes during turbulent times. Trying to buy NXP, having a hostile takeover happening by AVGO (Broadcom) and a year full of legal battles with no other than Apple. Yet they have great opportunities on the horizon and I’m confident the legal battles will get settled and the NXP deal will soon be finalized. The yearly pay out per share increased from $2,28 to $2,48. This added $6,00 before tax to my yearly dividends. My YoC increases from 3,96% to 4,30%.
-Realty Income announced another 0,2% increase on the 14th, this comes after their 3,1% increase back in January. This new increases adds a whopping $0,18 pre-tax to my annual payout. Not a whole lot, but you won’t hear me complain about free money. It was the companies 96th consecutive dividend increase, getting very close to a nice round number of 100!
Net March dividend increases: $5,25
The total net dividends for March were:
Making for a total of €53,30
These are the companies who contributed this month:
I’m not quite sure if I missed something but Pepsico has not paid me in the third month of the quarter this time. Even though I ‘missed’ one payment I’m still up €10,16 compared to last year, an increase of 23,55%.
This month I have not finished my book ‘Onward’ by Starbucks chairman (former CEO) Howard Schultz. As I had a job interview, and limited time to find a car and housing (four weeks of time) and I’m currently even in Italy to visit my girlfriend I had little time to read. So far the book is very interesting and tells the story of how Howard Schultz behaved himself as a chairman and eventually decided to come back as CEO of Starbucks. He thought the morals and principals of the company had changed over the past few years and he describes how he wanted to change them and return to company to new highs.
Tune in next month to hear the ending!
Thank you for reading, I hope your March dividends were just as great as mine!