- Dividends received: 4
- Dividend Income in September 2017 landed on: 258 NOK or $33.61
Almost $300 LESS than the total dividend income from September 2016 !
- No reinvestments
- Sold Telenor with a 40% total return
Hello everyone, once again it´s time for one of my favourite posts, namely the monthly dividend income report. As you loyal readers know, you can always find my updated income by looking at Dividend Income. For the looks of it, it seems like the dividend-blog community have blasted though September 2017 with records after records. For me, september has actually been quite boring, but let´s go ahead and take a look:
- Target (TGT), 111.70 NOK or $14
- Global Superdividend (SDIV), 2 NOK or $0.25
- Compass Minerals Inc (CMP), 89 NOK or $10.80
- Realty Income Group (O), 70 NOK or $8.80
As you can see, last years dividend was much higher. Why? Well, last year I owned two companies, Shipping Finance limited (SFL) and BWLPG yielding from 12% to 25%. However, I sold BWLPG afterwards because they needed to cut their dividend (also sold SFL). Chasing high yielders will provide a big fat check, but is it sustainable? Not likely. I´m now much more focused on having companies that has a low payout ratio and a good solvency.
Another argument is basically that September isn´t a good month for me. However, November should provide some nice fat checks so that we reach $1100 – $1200 in total dividend income.
Total Dividend Income 2017
- The Total Dividend Income for 2017 is $945, so we are pretty close to the $1000 now. Looking forward to crossing that line.
I sold Telenor (norwegian telecom company) and took a total profit around 40%. For me, Telenor was a trade when I bought it at around 127 NOK in the beginning for January 2017. At that point, the newspapers and the press was very hard on the new CEO since it turned out he had “cheated” on his scores from the university (long and complicated case). The point is that Telenor was down a lot and the price looked attractive. Right now, the price isn´t so nice anymore, and with a pretty low solvency and high fundamental data, I wanted to sell to raise some cash.
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What´s happening in the near Future?
A) First, I´m going to do a eye-laser-surgeryso that I don´t have to wear glasses anymore. It should cost around $4000 so pretty expensive, but worth it. I´m going to write a huge post about why this surgery actually is smart, from a financial point of view.
B) Second, I´m moving to Tokyo in Japan for 5 months in the beginning of the next year, so I want to have some cash in hand so that I´m able to travel around and explore this beautiful country. Therefore, I´m likely going to SELL SBUX (Maybe Target too?) which is a great DGI stock, but I think my purchase price at $54 is a bit to high, proving a small margin of safety. With a low yield around 2% and high multiples, it might be time to consider exiting SBUX for now.
Remember: Even though we are savers, frugal people thinking long-term about the future, it´s important to live right now. For me, both A and B will provide my life with a lot more joy, so I don´t feel bad at all using a lot of money. It´s not waste! It´s investing in yourself!
How was your September? Are you selling or buying any shares? Investing in yourself? Please, do tell!