BMW reduces dividend by 12,5%

bmw logo

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 declares CAD 0.87 dividend

bank of nova scotia logo

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 adding 4 cents to quarterly dividend

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.

Quarterly Dividend Coca Cola up from $0,39 to $0,40

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 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.

Aegon adds €0.01 to their half year dividend

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.

l’Oreal Increases Yearly Dividend with €0,30

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.