Dividend Income – June 2017

Dividend Income

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.

Sunway REIT

SunREIT Dividend Income June
Sunway REIT Dividend

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

Maybank Dividend Income June
Maybank Dividend

This Month’s Dividends – RM1,013.76

Total 2017 Dividends – RM1,013.76

Dividend Yield – 3.82%

Weight – 7.83% of the Freedom Fund

Maybank’s DRP

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.

Awesome Returns

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

Dividend Income June
Nestle Malaysia Dividend

This Month’s Dividends – RM260

Total 2017 Dividends – RM260

Dividend Yield – 1.94%

Weight – 3.95% of the Freedom Fund

Tune Protect

Dividend magic income july 2017
Tune Protect Dividend

This Month’s Dividends – RM561.60

Total 2017 Dividends – RM561.60

Dividend Yield – N/A (Sold)

Weight – N/A (Sold)

Homeritz Corporation Berhad

Dividend magic income july 2017
Homeritz Dividend

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

Dividend magic income july 2017
Scicom (MSC) Dividend

This Month’s Dividends – RM168

Total 2017 Dividends – RM336

Dividend Yield – 1.92%

Weight – 4.71% of the Freedom Fund

Cypark Resources Berhad

Dividend magic income july 2017
Cypark Resources Dividend

This Month’s Dividends – RM426.40

Total 2017 Dividends – RM426.40

Dividend Yield – 2.41%

Weight – 4.66% of the Freedom Fund

AirAsia Berhad

Dividend magic income july 2017
AirAsia Dividend

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%
IRR: 12.76%

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.

End.

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

Dividend Income – May & June 2016

May and June Dividend Income

If April was a slow month for dividends,  May is infinitely slower as I did not receive a single dividend. Hence my failure to procure a post for the month – more on that later.

June however, proved to be one of the most bountiful months so far with a total dividend of RM1,852.37.

Sunway REIT

The first company to hand out its dividends in June was Sunway REIT with RM297. This effectively brings SunREIT’s total dividend for the year to RM617.69, its yield currently stands at 3.11%.

I recently paid a visit to the newly refurbished Sunway Putra Mall in Kuala Lumpur and was happy with the new vibrant and colorful look. The mall is surrounded and jam packed with high rise apartment towers all around it, giving it a sort of permanent consumer base already. I look forward to the REIT performing superbly in the future, with shrewd and shareholder oriented decisions by the management.

Nestle Berhad

Nestle Malaysia paid out RM260 in dividends this time around, its first for the year 2016, bringing its yield to 1.94% for the year. The recent rise in consumer product stocks has seen Nestle become a really strong performer in my portfolio.

I’ve held this stock for 2 years now and it has been rising steadily even managing to maneuver itself past certain crippling events such as the implementation of GST. The goody bags given out by the company every year to shareholders is something I look forward to every year. Nestle will be the blue chip dividend producing defense I will continue to rely on in the coming years.

*Note: The dividend vouchers from both SunREIT and Nestle did not arrive by mail unfortunately and I fear it may be lost in transition.

Maybank

Dividend - Maybank

Maybank paid me RM450 in dividends, bringing the yield to 3.61%. I missed out on the company’s earlier dividends this year which would’ve brought my yield for the year to 5-6% easily.

Dear readers, this is a great example of why one should be investing in shares of solid companies. I know most of you are placing your funds into fixed deposits which gives you a yield of what? 3%? 3.5%? Maybe topping out at 4.5% for those promo rates (which you don’t get every year and comes with tonnes of T&C). Instead, if you had invested in  company like Maybank when its shares dropped to a low, you’d get a cool 5-6% per annum.

Alright alright, I can already hear some of you muttering ‘but not all of us know when the shares are at a low’. Fine, let’s say you invest when the share prices are high, the yield would still be in the 3% region. And guess what? You get the potential that the stock will increase in price, giving you more gains.

I bought into Maybank earlier this year when the stock declined to RM8.3, it seemed a good decision for the next few months as I saw the stock climb past RM9. The company’s stock then fell to a low of RM8.1 of which I was really tempted to add more to portfolio, I am currently waiting for a bit before deciding. The current dividend yield (if maintained by the management) is very attractive.

Cypark Resources Berhad

Dividend - Cypark

Cypark handed me RM410 in dividends so far this year, giving me a yield of 2.32%. The company’s core business is a unique one and I liked its venture into the solar business last year. Will continue to hold onto this stock for the foreseeable future.

Axis REIT

Dividend - Axis REIT

I received RM263.37 from Axis REIT for June bringing the total dividends received this year from Axis to RM521.76 with a current yield of 2.15%. Nothing new with the company so far except its ongoing refurbishment of assets.

AirAsia Berhad

Dividend - AirAsia Berhad

Air Asia, one of the most traded stock in Bursa for the past month has been making headlines for all the right reasons in June. I bought the stock at RM1.67 and its recent surge has made me a lot of money. The dividend paid out was a surprise as Air Asia was a company that retained most of its earnings for growth. The 2.41% yield came as a pleasant surprise for me.

Tune Protect

Dividend - Tune Protect Insurance

I received RM540 from Tune Protect this year, giving it a yield of 2.92%. The share has not been doing well an has been on a steady drop, not one of my best buys but I’m still holding on to the stock because of the huge potential it has in the travel insurance industry.

Conclusion

Total dividends for the year stands at RM5,933.18 giving me a 2.16% dividend yield so far. We are now halfway through the year and in my Review of 2015, I set myself a goal of RM8,500 in dividends this year. I hope to surpass that goal in the coming months.

I would like to apologize for the absence recently, as I’ve been busy with a new business venture which I will be posting about soon if all goes well. Thanks for reading!!

On an unrelated note, you may notice the new Celcom sim in my pictures. To answer your question – Yes I’ve made the jump to Celcom because of their awesome phone plans. I’ve also looked hard at Axiata as a company and may be purchasing the stock soon.