Purchase 8 shares AbbVie

This week I purchased 8 additional shares AbbVie at a price of $95,85. This brings my total position in AbbVie on 23 shares. With this purchase my yearly estimated dividend income increased with $7,96.

AbbVie is down 23% from the high course of $123,21 reached at the end of January. This is mainly due to Abbvie backing away from pursuing accelerated approval for Rova-T after disappointing mid-stage data in third-line lung cancer. As I didn’t want to put my full monthly deposit in the speculative purchase of Washington Prime Group, I decided to also buy a few additional shares of AbbVie now the share price is down a bit.

Current yield of AbbVie based on a quarterly dividend of $0,96 is 4,0%.

Purchase 200 shares Washington Prime Group

Today I bought 200 shares of Washington Prime Group at a price of $6,21 per share. It’s a more speculative purchase.

Washington Prime Group is a REIT which invests in shopping centers and is a spinoff from Simon Property Group. Washington Prime Group is disfavored in the market at the moment due to amazon fears. Washington Prime Group is aggressively working on the traffic in the malls they own by converting them to local dominant shopping centers by attracting entertainment and foot tenants. They try to increase the traffic by offering a combined shopping and leisure experience.

Washington Prime Group has a dividend of $1,00 per share per year at the moment. This results in a dividend yield of 16,1%. This insane yield is a clear warning sign that the market is expecting a dividend cut. I picked up a few shares as a speculative investment. Washington Prime Group is after reaching a 52 weeks high $9,58 in July down 35% to $6,21.

For me it feels like the market did overreact to this REIT, but I know that in investing feeling is not always the best advisor. Nevertheless I added 200 shares to my portfolio which at the current quarterly dividend of $0,25 brings in an estimated yearly dividend income of $200.

Dividend report February 2018

In February I received €86,53 in dividends:

AbbVie €8,51
Apple €5,03
EPR Properties €8,63
Iberdrola €12,08
Omega Healthcare €27,95
Royal Bank of Canada €5,85
Simon Property Group €12,79
Verizon €5,68

Targets:
I’m at €300 out of €5.000 extra mortgage repayment above the regular repayment (6,0%)
I’m at €4.200 out of €18.000 deposits in my stock account (23,3%)
I’m at €128,96 out of €2.200 dividend received (5,9%)

Transactions:
Buy 8 Unibail-Rodamco
Buy 21 Macquarie Infrastructure Company
Buy 35 Wereldhave
Sell 11 Think Global Real Estate UCITS ETF
Sell 15 Think Morningstar High Dividend UCITS ETF
Buy 10 Unilever
Sell 30 Elior
Buy 3 l’Oreal
Sell 20 iShares MSCI Emerging Markets UCITS ETF
Buy 10 Royal Bank of Canada

I have a bit too many positions in my portfolio which are relatively small, because when I started investing I often bought 2 or 3 different companies a month to spread my money. This month I closed some relatively small positions and invested the money back in some medium sized positions.

Purchase 35 shares Wereldhave

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.

Purchase of 8 shares Unibail-Rodamco

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.