Dividend Changes 2018 up to today

I realized that I don’t have an idea how much my dividend income this year increased due to dividend changes from companies in which I own shares.

I always adjust the dividend in my google docs file after I learn about a dividend increase or decrease, but I don’t have a total overview.

I did make the comparison based on the following rules to keep things simple:

– Only stocks are included which where in my portfolio at the end of 2017 which I now still own.

– Stocks I bought in 2018 and had a dividend increase since opening the position this year are excluded.

– I calculate the extra dividend income based on the number of shares I owned at the end of 2017.

– I use the dividend date I have in my google docs file, no double checks

– I use the following exchange rates to translate to EUR:

EUR/USD 1,15
EUR/GBP 0,90
EUR/CAD 0,66

Dividend increases:

1) Abbvie – +50,0% – €16,70 dividend per year extra
2) Aena – +69,7% – €16,02 dividend per year extra
3) Novo Nordisk – +34,4% – €8,53 dividend per year extra
4) DSM – +39,3% – €8,45 dividend per year extra
5) Think AEX EFT – +15,9% – €6,50 dividend per year extra
6) Simon Property Group – +8,1% – €4,17 dividend per year extra
7) Apple – +15,8% – €3,48 dividend per year extra
8) Bank of America – +25,0% – €3,44 dividend per year extra
9) Coresite Realty – +14,4% – €3,17 dividend per year extra
10) Unilever – +22,9% – €2,89 dividend per year extra
11) Royal Dutch Shell – +2,7% – €2,84 dividend per year extra
12) Aegon – +7,7% – €2,40 dividend per year extra
13) Royal Bank of Canada – +7,7% – €1,85 dividend per year extra
14) Omega Healthcare – +1,5% – €1,84 dividend per year extra
15) WDP – +5,9% – €1,50 dividend per year extra
16) National Grid – +3,0% – €1,49 dividend per year extra
17) l’Oreal – +14,5% – €1,35 dividend per year extra
18) ASML – +16,7% – €1,20 dividend per year extra
19) Coca Cola – +5,4% – €1,04 dividend per year extra
20) Johnson&Johnson – +7,1% – €0,83 dividend per year extra
21) Macquarie Infrastructure Company – 29,6% – -€10,23 dividend per year less
22) Wereldhave – -18,2% – €11,20 dividend per year extra less

Macquarie Infrastructure Company (MIC) and Wereldhave were the only 2 companies in my portfolio reducing their dividend. In both cases I decided increasing the number of stocks I own after a stock price correction as a result of the communication of the dividend cut.

MIC reduced dividend to internally fund the repurposing of a Tank Terminal after a client cancelled a contract. I considerred the selloff to big and decided and increased the number of shares MIC in 2018 from 7 to 42. Currently the yield is 8,7%.

Wereldhave is did decide to cut the quarterly dividend from €0,77 to €0,63. I decided to increase the number of stocks I own from 20 to 55. I bought Wereldhave shares, because I considerred this stock undervalued. Wereldhave has issues with a shopping mall owned in Finland which results in negative valuation adjustments. After the stock correction due to the communication of the dividend cut I decided that I feel that the underlying assumptions I had when starting my position are not changed and bought more shares. Yield is now 7,9%.

In total the dividend changes above are good for €68,36. When setting my target for this year of €2200 income I calculated with €76,80 in extra dividend due to dividend increases. This is 6% of the estimated yearly dividend income at the end of 2017. I’m around this number if I also take into account that some stocks I bought in the first part of 2018 also increased their dividend.

Starting 2019 I will track dividend changes in detail so I have more information available about the development of my dividend income, but for now I’m happy with 22 companies increasing their dividend. I have 6 stocks which normally tend to announce a dividend increase in the last quarter of the year so I’m looking forward to more dividend increases this year.

2 thoughts on “Dividend Changes 2018 up to today”

    1. First I was disappointed by the relatively small amounts per company, but after realizing that this is very close to the 6% dividend growth I used while calculating the 2018 dividend income target, I realised that this is indeed the power of DGI, like you also said.

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