Dividend Income – October 2016

Dividend Income

Happy Halloween! It might have been fright night with costumes for some of you. Or perhaps like me, you spent your Halloween at a small party at a close friend’s house. Whichever it is, with dividend income investing, your dividends trickle in no matter what. It really feels good to be able to sum up your dividends at the end of the month and watch your hardworking money work for you.

Without further ado, my October dividend update: RM800

The companies that contributed to this RM800 are only two: Malayan Banking Berhad (better known as Maybank) and Sunway Berhad.

Malayan Banking Berhad – Dividend Income

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As mentioned in my earlier post, I opted to forego my dividends from Maybank and instead traded it for shares. This is known as a dividend reinvestment plan. Through the DRP, I received 68 units of Maybank shares and the remaining RM127. However for yield calculation, we will just say I received RM620 in dividends.

Since my last post on Maybank, I’ve added quite a bit to more to my portfolio. My average purchase price is now RM8.12, market price is at RM7.81.

Yes I am currently making a loss with Maybank. However, I still believe in the bank and will continue to purchase more shares should it drop further. The total dividends received from Maybank currently stands at RM1,070 giving me a yield of 4.16%. Here’s to a better 4Q and 2017 moving forward.

Sunway Berhad – Dividend Income

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From the conglomerate that is Sunway Berhad, I received RM180 for October 2016. The dividends received in 2016 and 2015 stayed the same (not taking into account the one-time special dividend received last year). This is actually good news because Sunway Berhad actually listed their construction arm last year and this would’ve led to some loss in revenue.

Total dividends received for the year is RM396 translating to a 3.52% yield.

End.

I have no plans to dispose of any shares in both Maybank and Sunway. If the opportunity presents itself, I might even find myself adding shares to my portfolio.

As of now, the total dividends received in the year 2016 stands at RM9,844.32. My dividend yield comes in at 3.22%. I am 99% certain that I’ll be able to achieve RM10,000 in dividends this year. Maybe even RM12K, which would give me an average of RM1,000 a month.

As always, thank you for reading and for all your support. Onwards and upwards!