At the begin of February Wereldhave announced a dividend reduction to fund internal projects. The dividend was reduced from €3,08 to €2,52. A reduction of 19%. As a result of the dividend cut the share price went down from €40 to €30. A correction of 25%. At a price of €30 the expected dividendyield is 8,4%.
Today I decided to buy 35 shares Wereldhave at a price of €30,73. The expected yield on cost of these shares will be 8,2%. With this purchase I add €88,20 in yearly expected dividend income to my portfolio.
Today I bought 8 shares Unibail-Rodamco at a price of €187,00. The shares have a dividend outlook for 2018 of €10,80 so the estimated yield on cost will be 5,77%. Last few weeks the share price of Unibail-Rodamco decreased from €224 on 6 december to €187 today. A decrease of 17% due to ricing interest rates and market selloffs in the REIT market.
The current share price offering an estimated yield on cost of almost 6% is for me reason to add this big REIT to my portfolio.
Unibail-Rodamco is in the process of acquiring Westfield Corporation. The offer on Westfield is a combination of cash and Unibail-Rodamco shares. Due to the decrease in the Unibail-Rodamco share price there is a risk that Westfield shareholders will try to negotiate another deal.
With this purchase the estimated yearly dividend increased by €86,40.
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%.
Today I purchased 4 shares Simon Property Group at a price of $164,15. I already owned 4 shares so I now have 8 shares. The average purchase price of the shares decreased from $184,16 to $174,16 by this purchase.
Simon Property Group is paying a quarterly dividend of $1,85 per share. On a yearly basis this is $7,40 per share. With this purchase I add to my expected yearly dividend an amount of $29,6 or €24,93 against todays exchange rate.
The yield on cost is 4,2%.
Today I bought 100 shares Royal Dutch Shell A against a price of €27,53 per share. I now have a total position of 120 shares Royal Dutch Shell. Royal Dutch Shell is currently paying a quarterly dividend of $0,47. This is an expected yearly dividend op $1,88 per year. In euro’s this is €1,59 against the current exchange rate of 1.178.
With this purchase I add €159 in yearly dividend income. The yield on cost of this purchase will be 5,8%.
I bought these stocks, because Royal Dutch Shell announced strong cashflow figures last week. They also announced to stop their stockdividend program. In my eyes this is a sign that Royal Dutch Shell considers their cashflow strong enough to fund investments and dividend payments.
Today I bought 53 shares Omega Healthcare at a price of $27,05
At the moment Omega Healthcare is paying a quarterly dividend of $0,65. The expected yield on cost is 9,61%. With this purchase I expect to add $137,80 / €115,43 in yearly dividends.
The share price dropped from over $32 to $27 dollar due to Omega Healthcare reporting some issues with 2 out of the 77 tenants.
Today I bought 50 shares National Grid at a price of 885,8 pence. I now own 100 shares National Grid. My average purchase price decreased from 1088 pence to 987 pence.
With this purchase I expect to add €24,88 in yearly dividends. The expected yield on cost of my National Grid position is expected to be 4,51%.
Today I bought 100 shares Kas Bank at a price of €9,956 per share.
Kas Bank is a small bank listed at Euronext Amsterdam. Kas Bank is a custody, clearing en settlement bank. Kas Bank is focussing entirely on wholesale securities services to professionals. At this moment Kas Bank has 450 billion euro under administration.
Kas Bank is a small bank and has a market capitalization of approximately 150 million.
Kas Bank is paying a yearly dividend of €0,64 per share. The yield is 6,4%. With the purchase of the 100 Kas Bank shares I add €64 in yearly dividends to my portfolio.
Today I bought 10 shares of Royal Bank of Canada against $76,23.
Royal Bank of Canada is paying a quarterly dividend of $0,724 per share. With this purchase I’m adding $28,96 to my yearly expected dividend payments. The expected yield will be 3,8%.
The average dividend growth rate of Royal Bank of Canada is 9,7% over the last 5 years. With a payout ratio of 46% I expect it’s possible to maintain dividend growth in the near future.
It’s hard to make an estimation on the interest rate trend, but I expect the interest rates to increase in the near future as a result of the changing monetary policy of the federal reserve. The federeal reserve announced the plan to stop buying bonds on the open market and start selling bonds they own. This could result in higher interest rates, because investors could buy the bonds sold by the FED. As a result less money is available to buy newly offered bonds and as a result the interest rate should increase.
As banks tends to make higher margins when the interest rate is higher I decided to increase my exposure in the financial sector by adding Royal Bank of Canada shares.
Today I bought 4 facebook shares at $162,71.
Although Facebook is not paying any dividends I wanted to add a few shares to my portfolio for some time. Today Facebook is almost 5% down from $170,54 to 162,71. For me reason to buy 4 shares. I tend to have problems seeing the value in stocks like facebook with a high PE ratio and no dividend yield, but based on the return on equity of above 20% and the profit growth figures I consider this a good buy for the long term.