Yesterday I purchased 1 share of Givaudan against a price of CHF 2.610. With this purchase I’m adding CHF 60 to my yearly dividend income. In euro’s this is a yearly dividend of around €52,80. Based on the purchase price my yield on cost will be 2,30%.
Givaudan is a Swiss manufacturer of flavors, fragrances, and active cosmetic ingredients which. Givaudan has a marketshare of approximately 25% in flavors and fragrances.
Due to the absolute high price of Givaudan shares I waited to buy this stock in April so besides my monthly deposit I could also use the dividend income from March and April to fund the purchase of this stock.
Today I purchased 26 shares Bayer against a price of €57,24 including costs. Bayer is down almost 50% to it’s 52 weeks high. Last month the stock price declined almost 20% after a U.S. jury found the Roundup weed killer to have been a substantial factor in a California man’s cancer.
I decided to start a position in Bayer to keep them for the long term and enjoy their divind of €2,80 per year. My yield on cost will be 4,89%. Bayer has many quality divisions, but the stock price is under big pressure due to legal issues regarding Roundup. Bayer acquired the Roundup brand as part of the merger with Monsanto.
My yearly estimated dividend income increased by €72,80 as a result of this purchase.
Today I a total of 100 preferred stocks from Colony Capital divided over 2 different series.
50 preferred shares from series H with a dividend of 7,125%. Series H are callable from 13 April 2o20. Based on a purchase price of $21,97 my yield on cost will be 8,1%.
I also bought 50 preferred shares from series I with a dividend of 7,15%. Series I are callable from 5 June 2022. Based on a purchase price of $22,55 my yield on cost will be 7,9%.
With the purchase of 50 shares of both series I add $178,40 to my yearly estimated dividend income.
Yesterday I started a small position in software company Tableau (DATA). Tableau is offering software which is strong in data visualization. I’m using their applications myself and I’m extremely positive about the capabilities of Tableau.
As business controller I’m often working on turning data into information which supports making decissions. Tableau helps to turn data into visualized analysis which makes way more easier to understand the data than just sending some tables in Excel.
Tableau is already long on my watchlist, but I never spotted a serious dip to start a position. I’m now starting a minor position of 6 shares with a purchase price of $134,30 with the intention to increase this position in the future.
Tableau is not paying a dividend at the moment so my yearly estimated dividend income doesn’t change.
Today I purchased 5 shares of salesforce.com (CRM) at a price of $165.06. I have Salesforce on my watchlist for a really long time already and planned to buy it on a dip, but was never able to find a good moment to buy.
Because of the strong positions Salesforce has in CRM software I decided to start an initial position in Salesforce.com with the intention to increase this position further in the future.
Salesforce.com is not paying any dividend so my estimated dividend income will not change.
This week I bought 91 shares AGNC Investment Corp at a price of $17,60. AGNC is a mortgage REIT. AGNC is an internally-managed mortgage REIT which is predominantly investing in agency mortgage-backed securities.
AGNC Investment Corp is currently paying a monthly dividend of $0,18. On a yearly basis the yield is 12,3%. As a result of the 91 shares I purchased, my yearly estimated dividend income increased by $196,56.
Mortage REIT’s are a very specific investment category. Mortage REIT’s provide financing for real estate by purchasing or originating mortgages and mortgage-backed securities. mReit’s are basically earning their income by the difference between the interest they receive on the mortages or mortage-backed securities they own and the interest they pay on their loans.
Mortgage REITs often attract short term loans against a low interest rate to originate long term mortgages or buy long term mortgage-back securities. As a result mREIT’s are extremely sensitive to interest rate increases, because this will reduce the spread between the interest they receive and pay.
I own shares in REIT’s in various categories. Already for a long term I have AGNC investment corp on my watchlist to also have exposure to the mortgage REIT category.
I have to say that I consider it difficult to understand a company like AGNC. Normally when I read the annual report or other presentations of the company it’s rather easy to get an idea about what a company is doing from the brands they own, the products they produce or the list of properties they own.
In the annual report of AGNC is a list with the duration and interest rates of their assets, but I consider it difficult to see in this what the MOAT is of a mortgage REIT. AGNC is mainly investing in securities backed by single-family residential mortgages and collateralized mortgage obligations guaranteed by government agencies Fannie Mae, Freddie Mac, and Ginnie Mae. For this reason and their monthly payments I decided to add AGNC Investment Corp as mREIT to my portfolio.
I will enjoy their monthly payments, but I don’t expect any capital appreciation from this investment. Also I realize that rising interest rates will mean a dividend cut. To keep a balanced portfolio I will probably add another mREIT, but I doubt these will ever be among my biggest positions as mREIT’s are able to often bring high yields, but also volatile yields.
Today I purchased 21 shares Wereldhave at a price of €603,88 including fee’s. As a result of this purchase I now own 76 shares Wereldhave against. My average purchase price declined from €34,33 to €32,79.
With this purchase I add €52,92. to my yearly estimated dividend income. Yield on cost of my Wereldhave shares is 7,68%.
Today I bought 27 shares Macquarie Infrastructure Company at a price of $41,18. As a result I now own in total 74 shares.
My average purchase price of MIC shares is declinging as a result of this purchase from $52,95 to $48,66.
Due to this purchase I add $108 to my yearly estimated dividend income. My yield on cost MIC is 8,22%. The current yield is 9,71%.
Today I purchased 3 shares Unibail Rodamco Westfield at a price of €143,30 including transaction costs and French stock transaction tax.
As a result of this purchase I now own 15 shares Unibal-Rodamco-Westfield. The average purchase price is reducing from €171,03 to €165,49.
Due to the purchase of the 3 shares Unibal my yearly extimated dividend income will increase with €32,40.
Yield on cost is 6,52% based on my average purchase price.
This week I bought 32 shares of The Bank of Nova Scotia at a price of $53,48. As a result of this purchase my yearly estimated dividend income will increase with $81,35.
The Bank of Nova Scotia is paying a yearly dividend of C$3,40 / $2,54. As a result of this dividend the yearly yield is 4,75%.