Dividend Income – January 2017

Dividend Income

My Freedom Fund is off to an amazing start for the year 2017. The first month of the year of the rooster netted me RM1,180 in dividends from Scientex and CBIP. Compared to the same month last year where I received RM794 in dividends. That’s a whooping 48% increase in dividends for me. I did not increase my stake in either companies, the increase was from sound business conducted by them.

Scientex Berhad

January 2017 Dividends – RM760

Total 2017 Dividends – RM760

Dividend Yield – 3.41%

Weight – 14.68% of the Freedom Fund

Scientex Dividend

As most of you regulars would know, Scientex has been one of the top performing company in my portfolio. I’m always on the lookout to add more of their shares but the price is never right. Maybe a big market crash is the only time I’ll ever get to buy more Scientex.

Back in January 2016, Scientex gave me RM494 in dividends. Fast forward a year to January 2017, they are now churning out RM760 in dividends for me. If you’ve not caught on by now, that’s a 53% increase. I’ve had Scientex in my portfolio since 2014 and the dividends have been increasing ever since. If you’re looking for a fundamentally sound business, keep an eye out for a buy opportunity here with Scientex.

RM760 in dividends translates to a 3.41%. Already at 3.41% and we have another round of dividends to look forward to later in August.

CBIP Berhad

January 2017 Dividends – RM420

Total 2017 Dividends – RM420

Dividend Yield – 1.88%

Weight – 7.84% of the Freedom Fund

As usual, the dividend voucher from CBIP has yet to arrive (same occurrence last year).

The company’s dividends back in January 2016 stood at RM300. The increase to RM420 this year represents a 40% growth. Apart from Scientex, CBIP has been performing wonderfully for me. I expect good things from the company and looking forward to another round of dividends later in July.

End.

Total dividends for the month is RM1,180. Currently, dividend yield stands at 0.38%. It’s only the first month of the year but it’s looking good.

How was the first month of 2017 for most of you? I’d love to hear from you guys on how your investments did in January. 

2 thoughts on “Dividend Income – January 2017

  1. My dividend in January just less than 50.because just start investments end of year 2016.now need accumulated my capital.My capital mostly stuck on my housing loan.

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