Sale 29 stocks National General Holdings Pref O

Today I sold 29 stocks from National General Holdings Pref O against a price of $25,05.

I bought this series of preferred stock from National General Holdings in March of this year against a price of $22,23. Based on this price the initial yield was 8,43%.

As the call date of these shares is April 2020 I also hoped to make another quick 12% if the shares would be called and redeemed against $25.

This week I decided I would sell the shares, because the current price is now above $25 and I’m happy with the capital appreciation and dividends received since the purchase in March.

In 7 months I made a profit of €117,65 based on dividend received and capital appreciation and after deduction of transaction costs. This is 18,0% so I’m happy to close this position.

The proceeds from this transaction I’m probably going to invest in another preferred stock.

September 2019 Dividend Report

In September I realized a dividend income of €479,59. This is 193% up from last year. 18 companies or ETF’s payed me in September. The 3 biggest payers for me in September are Washington Prime Group, Royal Dutch Shell and Macerich. The big raise basically comes for a huge part from a speculative investment in Washington Prime Group which.

This month I also did repay €120 extra on my mortgage above the regular monthly payments.

From closed or expired options I realized €309,50 in profits this month. For more information please read September Option Report.

Dividend Income – € 479,59

Washington Prime Group113,53
Royal Dutch Shell79,51
Macerich53,90
Enbridge50,43
Aegon40,5
Dominion Energy25,08
Taubman Centers21,61
Unilever18,47
HSBC18,07
Qualcomm16,98
AGNC Investment15,23
Bank of America14,81
Johnson & Johnson12,90
Think AEX UCITS ETF11,96
McDonalds11,59
Monmouth REIT11,58
Boeing11,08
EPR Properties10,56

Transactions:

Dividend Changes:

2019 Target Status:

  • I’m at €11.700 out of €14.400 deposit target (81,3%)
  • I’m at €3.832,82 out of €3.500 dividend received target (109,5%)
  • I’m at €769,45 income from writing options
  • I’m at €2.940 in extra mortgage repayments

Purchase 30 shares Monmouth REIT

Today I purchased 30 shares Monmouth REIT at a price of $14,41. I now own 105 shares with. With this purchase my average purchase price declined from $16,23 to $15,71.

At the moment Monmouth is paying a yearly dividend of $0,68 per share. This purchase of 30 shares will increase my yearly estimated dividend income with $20,40.

Since starting a position in Monmouth I received €92,37 in dividends.

Option Income: Expiration September 2019

Last Friday the September option expiration date was. In September I rolled 3 positions to October and I closed 2 positions. The trades I rolled were all 3 rolled for a higher price and did result in a higher potentiol option profit to be realized.

The 2 closed option potitions resulted in €309,50 profit after transaction costs. My total realized profit this year is now €769,45.

The following 2 trades where closed in September:
  • 3x ING P9.40 20SEP19: profit €105,20

    I started this position in August. I decided to buy back the options a few days before expiry date, because the price of bank stocks increased a lot in the days before I closed this position. I closed this positions to not risk the options getting in the money again on a market correction.
  • 1x RD P26.00 20SEP19: profit €204,30

    This is a position I started in november 2018 when the price of Royal Dutch declined from around €30 to €26. Today the price is almost the same as when I sold this option in November a year ago.

    3 days before the expiry date I decided to buy back the options. The oil price increased a lot in the weekend before expiry as a result of the drone attacks on the Saudi oil installations.

    After closing this position I sold a new mid-term option on Royal Dutch. I did short 1 put contract RD P26.00 20MAR20 for €156.
The following 3 trades I rolled to October:
  • 3x AGN P4.20 20SEP19 rolled to 3x AGN P4.20 18OKT19:

    I bought back the 3 contracts for €35,45 after deduction of transaction costs. I sold the 3 AGN P4.20 18OKT19 contracts for €37,45 income also after transaction costs.

    Aegon closed friday at €3,86 so this series is almost 9% in the money and I don’t expect this position to expire worthless. Probably I will roll this position in October again, but I will probably roll it to a series with a longer expiration date with a lower strike price.
  • 10x AGN P4.00 20SEP19 to 10x AGN P4.00 18OKT19:

    I bought back the 1o options for €171,50 and opened the October position for €231,50. Current share price of Aegon is €3,86 so my target is to have a small price increase of almost 4% in October so this position will expire worthless.
  • 2x ING P10.00 20SEP19 to 2x ING P10.00 18OKT19

    I bought back the 2 options expiring in September for €62,30 and opened the October position for €86,3.

    Current price of ING is €9,73 so I target on having this position expire worthless in October.

Dividend Spotlight: National Grid

National Grid Logo

In August National Grid was my biggest dividend payer so I selected this company for the first Dividend Spotlight I publish

National Grid is operating electricity and gas networks mainly located in the UK and USA. National Grid. As system operator with regulated prices National Grid is having a nice and steady cashflow.

It’s often that utilities are regulated companies. Due to utilities often having some kind of local monopoly by being the ownly one owning a distribution network for gas or electricity, it’s common that authorities regulate the pricing these kind of companies are allowed to set.

The dividend payment frequency of National Grid is 2 times per year. 70% of their yearly dividend is paid in August. This is probably why National Grid is my biggest payer in August.

I received 2 dividend payments from National Grid this year of in total €85,70. National Grid is at the moment 1,7% of my portfolio and responsible for 1,8% of my dividend income.

Current yield of National Grid is 5,73%.

As a regulated utility the dividend of National Grid is increasing slowly, but steady. The graph below is showing the dividend history of National Grid in last few years:

The compounded anual growth rate since 2016 is 4,37%, but last 5 years the CAGR is 2,37%.

I expect an average dividend growth in the next 5 years between 2.5% – 3,0%. It’s not the biggest dividend growth in my portfolio, but it will result in a nice cashflow to reinvest.

Top 10 stock positions September 2019

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This month the value of the top 10 positions in my portfolio increased by 5,0%. Bank of America dropped from my top 10 positions and Alibaba enterred the top 10 on spot #8.

ASML Holding did increase from 3rd to 2nd position passing Enbridge on my biggest holdings list.

Basically no special events, but everything did go together with the rest of the market.

#changeNameSectorValue (€)
1(-)Royal Dutch ShellEnergy4.864
2(+1)ASML HoldingTechnology3.255
3(-1)EnbridgeEnergy3.148
4(+1)AbbvieHealthcare2.723
5(-1)FacebookTechnology2.707
6(+1)Macquarie InfrastructureIndustrials2.662
7(-1)DSMBasic Materials2.592
8(new)AlibabaConsumer Cyclical2.531
9(-1)GivaudanBasic Materials2.501
10(-1)UnileverConsumer Defensive2.451

August 2019 Dividend Report

In August I realized a dividend income of €537,79. This is 54% up from last year. I received a dividend from 15 companies this month. National Grid, Macquarie Infrastructure Company and Wereldhave are the biggest 3 payers this month.

This month I also did repay €220 extra on my mortgage above the regular monthly payments.

Dividend Income – € 537,79

National Grid67,69
Macquarie Infrastructure Company66,82
Wereldhave63,00
ING48,00
AbbVie43,48
Omega Healthcare34,56
Simon Property Group30,52
Ahold30,00
DSM17,71
Flow Traders17,50
AGNC Investment14,85
Royal Bank of Canada14,47
Novo Nordisk12,13
EPR Properties10,50
Apple8,35

Transactions:

Dividend Changes:

2019 Target Status:

  • I’m at €10.200 out of €14.400 deposit target (60,4%)
  • I’m at €3.295,03 out of €3.500 dividend received target (94,1%)
  • I’m at €459,95 income from writing options
  • I’m at €2.820 in extra mortgage repayments