June is an important month for me, it marks the end of the first half of the year. It’s the time when I take a closer look at my finances and investments, to assess how my year has been so far and to plan for the 2nd half. Historically, June has also always been the most productive month for me every year in terms of dividends. Barring any unforeseen special dividends, the 6th month of the year is set to retain that title this year. By a big margin.
I raked in RM3,750.74 in dividends for June from a total of eight different companies. Last month’s dividends totaled RM393.79, which as you can tell, is roughly only 10% of June’s dividends.
This is a huge milestone for me. For one, this is the first time my portfolio has crossed the RM3K per month threshold in dividends. Secondly, comparing to last year’s RM2,392.37 in dividends, that’s a 56.8% increase.
The figure for June 2016 was increased from RM1,852.37 (in the previous article) to RM2,392.37 here as I made a minor mistake in forgetting Tune Protect’s dividend of RM540 June last year.
Moving on, we’ll have a look at the companies that contributed to my RM3,750.74 in dividends. And then at my Freedom Fund’s performance.
This Month’s Dividends – RM296.48
Total 2017 Dividends – RM583.85
Dividend Yield – 2.94%
Weight – 6.25% of the Freedom Fund
Malayan Banking Berhad
This Month’s Dividends – RM1,013.76
Total 2017 Dividends – RM1,013.76
Dividend Yield – 3.82%
Weight – 7.83% of the Freedom Fund
A couple of weeks ago, I participated in Maybank’s Dividend Reinvestment Plan and opted to receive a portion of my dividends in shares instead of cash. This is the result of that. The total RM1,013.76 in dividends includes the share portion of my dividends.
Take a look at the dividend yield, that’s 3.82% yield for me – so far! This is only the first of two dividends to be paid out this year, the other being in October. I managed to purchase the bank’s shares when it was spiraling down back in 2016.
Nestle (M) Berhad
This Month’s Dividends – RM260
Total 2017 Dividends – RM260
Dividend Yield – 1.94%
Weight – 3.95% of the Freedom Fund
This Month’s Dividends – RM561.60
Total 2017 Dividends – RM561.60
Dividend Yield – N/A (Sold)
Weight – N/A (Sold)
Homeritz Corporation Berhad
This Month’s Dividends – RM244.50
Total 2017 Dividends – RM978.00
Dividend Yield – 6.92%
Weight – 6.25% of the Freedom Fund
Scicom (MSC) Berhad
This Month’s Dividends – RM168
Total 2017 Dividends – RM336
Dividend Yield – 1.92%
Weight – 4.71% of the Freedom Fund
Cypark Resources Berhad
This Month’s Dividends – RM426.40
Total 2017 Dividends – RM426.40
Dividend Yield – 2.41%
Weight – 4.66% of the Freedom Fund
This Month’s Dividends – RM780
Total 2017 Dividends – RM780
Dividend Yield – 2.65%
Weight – 8.26% of the Freedom Fund
The Freedom Fund
The Freedom Fund‘s updated stats are as follows:
Gross Investment: RM295,114.52
Market Value: RM388,720.81
Dividends (2017): RM8,138.90
Cash Available: RM34,000
Capital Gain: 31.72%
I aim to have at least RM25,000 at all times at the ready to invest in the case of a market correction. Ideally, I’d like to have RM50,000 in in the saddle. Trying to keep myself disciplined and at the same time I’ve been keeping busy adding more stocks to my buy list.
Concluding this post, total dividends for the year stands at RM8,138.90. The Freedom Fund’s dividend yield comes in at 2.76%.
Same time June last year, my total half-year dividends were only RM5,933.18. That’s a nice 37.18% increase in dividends for me y-o-y. Moving forward, I expect to break the RM10,000 in dividends mark in September.
My goal set earlier this year in my Review of 2016 was RM15,000 in dividends for 2017. It’ll be tight and achieving that goal would ultimately depend on increases in dividends from my holdings.
I’ve seen an increase in readers having started investing this year! Please do write in and let me know how you’re doing. Even if you’ve started small, don’t forget to keep track of your investments. Thank you for reading!
I’m finally on Instagram! Follow me hERE or look for me on Instagram @dividendmagic