AGNC decreases monthly dividend with 2 cents

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AGNC Investment Corp announced this week a decrease of their monthly dividend from 18 cents to 16 cents. As a result of this dividend decrease my yearly estimated dividend income from AGNC will drop $16,51 per year.

After the dividend reduction was announced the stock price declined a few percent and I decided to make a small purchase of 14 more shares to keep my dividend income from AGNC on the same level as before.

Stock price is now very close to NAV, but there is still possible price pressure due to the current market development of interest rates. The lack of spread between long and short interest rates makes it that the stock price of mREIT’s is under pressure.

BMW reduces dividend by 12,5%

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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

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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.