This week ASML Holding announced a 50% increase of their annual dividend. The dividend per share will be increased from €1,40 to €2,10.
As a result of this dividend increase my yearly estimated dividend income will increase with €10,50.
Yield on cost after the dividend increase is 1,56%.
In September I made 3 purchases. The first purchase was Aena and the 2nd purchase I made was 4 shares ASML Holding at a price of €160,94. It’s the 2nd time I bought ASML shares and I now own 10 shares.
When I bought shares of ASML (EPA:ASML) for the first time in January of 2017 the share price was €113,90. So with this purchase my average purchase price is going up to €132,94.
ASML is paying a yearly dividend of €1,40 so my yield on cost is now 1,05%. With the purchase of 4 shares I add the humble amount of €6 to my yearly estimated dividend income.
ASML is currently the largest producer of photolithography systems for the semiconductor industry. Basically ASML is producing the machines which are needed to produce computer chips. ASML has a unique position in the market due to the quality of their products. In 2017 that had a market share of over 85%. With this purchase I increase my exposore in the Technology sector.
Recently ASML proposed a dividend increase from €1,20 to €1,40. The dividend still needs to be approved by the shareholders. The proposed 2017 dividend is 17% higher than previous years dividend.
As I own 6 shares ASML my estimated yearly dividend income will increase with €1,20.