working towards €1.000 a month in dividend income
Today I noticed in my account that the yearly dividend of Aena SA was increased from €6,50 to €6,93 per share.
This is an increase of 6,6%.
As a result of this dividend increase my yearly estimated dividend income increased by €5,16. Due to the increased dividend my yield on cost is now 4,44%.
Recently BMW announced a reduction of their dividend by €0,50. The dividend got reduced from €4,00 to €3,50.
I own 30 shares of BMW so my yearly estimated dividend income declined by €15. Dividend got reduced in line with the profit development. Payout ratio over 2018 is 32% whereas the payout over 2017 was 30,3%
Based on the cyclical nature of the automotive industry I understand that BMW is a position in my portfolio where times of dividend growth can stop for some time, although I not expected a cut this year already. Based on the relative low payout ratio of BMW I assumed a steady dividend.
As a result of the dividend reduction my yield on cost will now be 4,87%. I hold this position in my portfolio.
Bank of Nova Scotia announced a dividend increse of 2,4%. The dividend goes up from CAD 0,85 to CAD 0,87 per quarter.
I have 32 shares of Bank of Nova Scotia so my yearly dividend income will increase with CAD 1,66.
As a result of the dividend increase the yield on cost is now 4,89% for me. This is the 18th dividend increase this year for me.
Royal Bank of Canada announced a 4 cent increase of their quarterly dividend. The dividend is increased from C$0,98 to C$1,02.
This is an increase of 4,1%. I have 21 shares Royal Bank of Canada. As a result my yearly estimated dividend income will increase with C$2,18.
Based on the new dividend my yield on cost is now 3,48%. This is the 17th dividend increase in 2019 for me.
Today Coca Cola announced a 2,6% increase of their quarterly dividend. As a result of this increase the dividend is up from $0,39 to $0,40 per quarter.
I have 39 shares Coca Cola so as a result my yearly estimated dividend income increased with $1,36. Yield on cost is now 3,60%.
This dividend increase is slightly disappointing for me, because I expected a 2 cents increase just as in previous years. Nevertheless I’m happy with the 16th dividend increase this year.
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.
Aegon announced an increase of their half year dividend from €0,14 to €0,15. This is an increase of 7,1%.
I have 270 shares Aegon. As a result my yearly estimated dividend income increased by €5,40.
Due to the increased dividend my yield on cost will be 5,77%.
Aegon is the 14th company in which I own shares which is increasing their dividend in 2019.
Today Flow Trades announced that the interim dividend will be increased from €0,35 to €1,00. I have 50 shares flow traders so my yearly estimated dividend income will increase by €32,50.
Yield on cost of my Flow Traders shares is now 7,24%.
This is dividend increase number 13 this year.
Yesterday l’Oreal announced an increase of their yearly dividend from €3,55 to €3,85. This is an increase of their dividend by 8,5%.
I own 6 shares so my yearly estimated dividend income is increasing with €1,80. My yield on cost is now 2,22%.
l’Oreal is already the 12th company increasing their dividend payment this year.
Nordea Bank announced an increase of their annual dividend from €0,68 to €0,69. As a result of the 220 shares I own, the dividend increase is increasing my yearly dividend income with €2,20.
Yield on cost of my Nordea shares is now 8,9%.
Nordea is the 11th dividend increase in 2019 for me.