Monthly Dividend Income Update (July – 2016)
– Slow and steady wins the race!
Another month has passed, and it is time for my monthly dividend income update for July.
July brought one new addition to the portfolio, this time it is a stock in a new market segment which I was not exposed to until now. I have added 250 shares of DHT Holdings Inc.
DHT plays in both the long-term and the spot rate market. DHT has a fleet of 20 VLCCs (including two under construction) and two Aframaxes. Of the 20 vessels in operation, six of the VLCCs and the two Aframaxes are on fixed rate time charters.
DHT has a policy of returning at least 60% of its ordinary net income. It’s stock price have been beaten down due to the falling shipping rates. The stock currently yields a whooping 20.71%.
I would prefer that DHT didn’t have variable dividend policy, as variable dividend is an enemy of stable dividend income. I won’t be having more than 1-2 of these variable dividend stocks. I will keep DHT a small position, preferably under 1% of total portfolio value.
As it now has been 1 year ago since I started this project, I am now able to compare year over year dividend increases. My dividend income from July 2015 to July 2016 has increased by 27%.
Dividend income for July came from 3 companies for a total of $43.52.
From June to July portfolio value vent from $53,265.00 to $59,686.00 which is an increase of 12.05%
July was also a great month regarding portfolio value growth.
I also managed to inject $3263 which is way above my monthly target of $1000, I am doing everything in my power to live as frugal as possible and save where ever I can without impacting joy of living too much.
In July I was invested in 24 companies across 13 sectors.
Smallest sector: Materials @ 2.0%
Biggest sector: Tech @ 31.8%
|DIVIDEND RAISES FOR JULY – 2016|
Dividend Portfolio Income
|JULY – 2016|
|Main Street Capital Corporation (MAIN)||$8.82|
|Union Pacific Corp (UNP)||$16.50|
|Number of companies||24|
|Largest holding – Thin Film Electronics (THIN)||13.70%|
|Yield On Cost (YOC)||3.83%|
|Portfolio value with debt||$59,686.00|
|Debt at max. 1.99%||$13,984.00|
|Real portfolio market value||$45,702.00|
|Portfolio value change from previous month||12.05%|
My primary goal for the future is to keep working on portfolio diversification, as I don’t want any single portfolio holding to be more than 5% of portfolio value. In the long run, I will even aim to lower that number to maximum 3%.
For those who would like to follow my dividend portfolio live, you can now do it here: Dividend Freedom. My broker has a very smart feature where you can share your portfolio. It requires an account at Nordnet. I am not affiliated any how with my broker.
Are there some stats additions you would like me to add in my future monthly portfolio updates?
How has your month of June been?
What do you think about Thin Film technology?
Which stocks are under your radar?
You can see my June update here.
Thanks for reading and stay tuned for further updates!
I appreciate any feedback and support!
Thanks for reading!