As previously mentioned in the last quarterly update, this will be an attempt to try and provide a quarterly dividend income update to see on how it is progressing so I can have a clearer year to year comparison moving forward.
For those who are new readers to my blog, dividend investing is a big part of my investing strategy because the end goal is for me to achieve sufficient income to cover my expenses. That is when I declared myself financially independent.
Having said that, that does not mean that I will go for the highest dividend yield counters I can find out there. What I need is sustainable dividend payout and prudent management such that it will continue to support me as I grow older each year and not having to worry about whether the dividends will be coming in or not. Make no mistake, I still continue to monitor my portfolio very closely each time.
I love dividends because they are hard cold cash which the company earns that they choose to give back to shareholders. I'll take it as if I am putting my hard earned money in a company which gives out profit share once they make profits. The other reason I like about dividends is they are automatically deposited into my account without having the need to have my presence at a particular time in a particular place. A good management will take care of all these hassles which employees dread about.
The 1st quarter dividend income came to $3,056 which I think was pretty good as they are not traditionally a strong quarter to begin with. I don't have any particular to where the money should be spent on so they will most likely be reinvested in the stock market to accumulate more dividends in years to come. I think this should be the right cycle to kick things off especially in a bear market where we are right now.
|Counters||Dividends (S$)||Payable Date|
|Nam Lee Metals||875.0||22-Feb-16|
|Keppel DC Reit||328.0||29-Feb-16|
For those who are just starting out, this may be one of those strategies which you can try out. The hardwork is always in the beginning but once the fruits is harvested, the rest of the gratification should come in pretty nicely later.