The month of August is typically not a month with a high dividend income. However, now that our portfolio is starting to really grow, we still had a very decent income. Let take a look at the August 2017 Dividend Update.
Monthly Dividend Update
With AH taking another dive this month, we added yet more shares to the position and are now at 800 shares (and losing money on paper….). The business is generally good, albeit upcoming heavy competition from the US is not helping. The share price has dropped about 30% from its high a few months back, and we have been buying on the way down. Probably not a bad moment in time to buy this stock, albeit it will go down further if we get another crisis (North Korea anyone?).
We continue to DRIP as many shares as possible (no fees and some share price discounts!). These include the usual monthly dividend payers such as AAR.UN, CJR.B, DRG.UN, LIQ.UN, HR.UN, PLZ.UN, CIX and SJR.B. We also dripped a few others including EMA, MIC and POT.
All the dividend deposits received into the bank accounts (correct for exchange rates) sum up to a total dividend income of ~€378. That is pretty neat! It’s actually an increase of about 6.6% compared to last year. This is not stellar, but at least it’s an increase!
Talking about an increase, we were a bit too soon with posting last months’ dividend update. There were some dividends that came in late and where higher then anticipated. In short, last months total dividend has been revised to €499.30. The YOY increase for July therefore jumped to 9.5%.
The graph below is showing the yearly dividend totals for 2015 and 2016, and a year-to-date dividend total for 2017. We are slowly creeping up towards the total for 2016. It’s not unlikely that we will hit this by next month!
The “Dutch” dividend income (AH, ABN, BOS, UNA and RDSA) are all after taxes (15%). The rest are held in RRSP’s and are not taxed (we will pay withholding tax when we withdraw from the account, but the dividends are not taxed themselves).
Dividend Stock Overview
Our dividend portfolio still contains 46 companies with a total of 12.133 shares and looks like this (up 2.089 shares from a year ago):
Dividend Sector Breakdown
When you breakdown the previously shown dividend stock overview by sector, it looks as follows:
Are you satisfied with you August Dividend Income? How much free money did you get?