Bank of Nova Scotia Increased dividend to C$0,90 per Quarter

bank of nova scotia logo

The Bank of Nova Scotia announced that the quarterly dividend will be increased with 3,4% from CAD 0,87 to CAD 0,90 per quarter.

As a result of the 32 shares I own my yearly estimated dividend income will increase by CAD 2,49.

Based on the new dividend my yield on cost will be 5,06%.

Purchase 650 shares Legal & General Group

Today I purchased 650 shares Legal & General Group against a price per share including transaction costs and stamp duty of GBP 2,21.

With this purchase my yearly estimated dividend income will increase with GBP 108,88.

Legal & General Group will pay their interim dividend in September and next month I will recieve a first dividend payment from Legal & General contributing GBP 32,05 to my dividend income this year.

The expected yield on cost based on the current dividend is 7,57%.

Legal & General Group is active as asset manager and is also the UK’s largest provider of life assurance products. Legal & General is also leading the market in managing retirement risk for pension schemes in the UK and the USA.

WDP has the intention to increase dividend from €4,80 to €5,20

Together with the publication of the 2019 interim rapport WDP announced the ambition to increase the yearly dividend from €4,80 to €5,20.

This is an increase of 8,3%. WDP also proposed a 7:1 stock split.

As a result of the 11 shares I own my yearly estimated dividend income increased by €4,40. Yield on cost of my WDP position based on the new dividend is 5,5%.

Purchase 60 shares Colony Capital Pref H

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Recently I purchased 60 preferred shares Colony Capital H at a price of $22,48. Coupon of this preferred stock is 7,125%. As a result the yearly dividend paid on this shares is $1,78125.

At the current stock price of $22,48 this is giving me a yield of 7,92%.

The preferred H stocks are callable from 13 April 2020 so this is giving me a realistic chance that within 9 months this preferred stock will be redeemed against $25 which is over 11% above the current price.

With this purchase I add a quarterly dividend of $26,72 to my portfolio, but as a result of a possible redemption in April 2020 it’s possible that I will only enjoy the dividend payment for 3 quarters.

Top 10 stock positions August 2019

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Last month there was not much change in the top 10 of my portfolio. The Value of the positions decreased as did most stocks in the market.

AbbVie lost 2 positions, because it declined a bit more than ASML and Facebook.

Bank of America enterred the number 10 position in my portfolio. It’s the first time I have a bank stock in the top 10 of my portfolio.

#changeNameSectorValue (€)
1(-)Royal Dutch ShellEnergy4.780
2(-)EnbridgeEnergy3.019
3(+1)ASML HoldingHealthcare2.873
4(+1)FacebookTechnology2.684
5(-2)AbbvieTechnology2.634
6(+1)DSMIndustrials2.569
7(-1)Macquarie InfrastructureBasic Materials2.516
8(-)GivaudanBasic Materials2.390
9(-)UnileverConsumer Defensive2.286
10(new)Bank of AmericaConsumer Cyclical2.276

Sold 58 shares Omega Healthcare Investors

This week I sold all my 58 shares Omega Healthcare Investors at a price of $38,26. As a result of this sale I reduce my yearly estimated dividend income by $136,56.

My average purchase price of the Omega Healthcare shares is $27,90 so I’m removing a 9,5% yield on cost position from my portfolio.

My return on investment in euro’s:

Purchase 58 shares-1.365,27
Sold 58 shares1.974,22
Dividend220,04
Profit828,99
Profit %60,7%
ROI per year31,9%

I decided to sell Omega Healthcare mainly because I don’t feel comfortable with the performance of the tenants of Omega Healthcare Investors. Tenants of Omega Healthcare are companies running skilled nursing facilities and many operators in this market are struggling to stay profitable.

A few times already Omega Healthcare Investors adjusted their contract with major tenants resulting in reduced rent income or taking over capital investments which normally were paid by the tenant.

As a result the payout ratio of Omega Healthcare is very high at the moment and as I see it realistic that some more rent discounts have to be given to struggling tenants I decided to close this position.

I will miss the steady dividends I enjoyed since 2017, but I’m not feeling comfortable by the performance of the tenants of Omega Healthcare Investors so I’m happy to close the position and realize the capital gain.

July 2019 Dividend Report

In July I realized a dividend income of €298,16. This is 204% up from last year. This big increase is mainly realted to new positions in Unibail-Rodamco-Westfield, Anally Capital and some small positions in preferred stocks from Colony Capital and National General Holdings.

I got paid in July by 13 different companies with Unibail-Rodamco-Westfield, Anally Capital and Altria Group almost accounting for 50% of this income.

Besides the dividend income I made €26,50 from writing a put option ING Bank.

Dividend Income – € 298,16:

Unibail-Rodamco-Westfield81,00
Anally Capital40,43
Altria Group24,25
Coresite Realty21,67
Colony Capital PREF I19,84
Colony Capital PREF H19,78
Bank of Nova Scotia18,91
HSBC17,44
AGNC Investment14,93
Coca Cola13,82
National General Holdings PREF O12,07
EPR Properties10,33
Brown-Forman B3,68

Option Income – €26,50:

  • ING P10.50 19JUL19 – €26,50

Transactions:

Dividend Changes:

2019 Target Status:

  • I’m at €8.700 out of €14.400 deposit target (60,4%)
  • I’m at €2.815,44 out of €3.500 dividend received target (80,4%)
  • I’m at €459,95 income from writing options
  • I’m at €2.600 in extra mortgage repayments

2,44% Dividend Increase Simon Property Group

Recently Simon Property Group announced an 2,44% increase of their quarterly dividend. The dividend got increased from $2,05 to $2,10 per quarter.

As a result of the 16 SPG shares I own my yearly estimated dividend income will increase by $2,80.

My yield on cost based on the new dividend is 5,12%.