Amsterdam Commodities decreases final dividend with €0,10

Amsterdam Commodities (Acomo) announced a decrease of their final dividend from €0,70 to €0,60. As a result my yearly estimated dividend income is decreasing by €4,50.

The full year dividend is now €1,00 instead of €1,10.

The net profit declined from €32.5 to €31.1 mainly due to the increase of declining commodities prices.

Yield on cost will now be 3,94%. This is the first dividend decrease this year. I keep Acomo in my portfolio as the change in net profit is modest. Nevertheless I will be cautious with the next profit report to monitor if I need to change my position from ‘hold’ to sell.

Purchase of 45 shares Amsterdam Commodities Acomo

Today I bought 45 shares of Amsterdam Commodities at a price of €25,35. Amsterdam Commodities N.V. (Acomo) is an international group of companies with its principal business being the trade and distribution of agricultural products.

Acomo has a yearly dividend of €1,15 at the moment. With this purchase my yearly estimated dividend income increases with €51,75. The yield on cost is 4,54%.