Dividend Income – February 2016

Dividend Income

Another month has passed by and it’s time for me to post an article on my favorite subject: Dividend Income. The reason why I love to publish articles updating my dividend income is because it’s pure numbers. It’s hard to argue the success of long-term dividend growth investing when you can slowly and surely see dividend income rise over time, getting closer to covering one’s expenses. So, without further ado – dividends received in February 2016.

For February, I received a grand total of RM1,635.72 in dividends from three different companies – Homeritz Corporation Berhad, IGB REIT and Axis REIT. The dividend voucher from IGB REIT has yet to arrive by mail unfortunately. (EDIT: IGB REIT’s voucher has just arrived together with their 2015 Annual Report. Read about IGB REIT’s 2015 financial performance HERE.)

 Homeriz Corporation Berhad Dividend Income February 2016
Axis REIT Dividend Income

Homeritz Corporation Berhad

Homeritz has been in my portfolio since the early days. As of this month, the stock has been up by almost 80% and the RM611.25 I received is already translating to a yield of 4.3%. What’s more, this is only the company’s first of two dividends for the year and I still have August’s dividends to look forward to, which should bring the total yield to more than 8% for 2016 (I hope).

The stock currently makes up 9.01% of my total portfolio. With the further weakening of the Malaysian Ringgit in the future, I might be picking up more of this stock, provided the fundamentals are right and in place. For now, I’m happy to just hold onto Homeritz and reap the sweet rewards.

Axis and IGB REIT

Both Axis and IGB REIT make up around 20% of my total investment portfolio, which is a good indicator of how important dividends are in my style of investing. The dividends received are RM258.39 and RM611.25 respectively from Axis and IGB REIT.

Axis REIT focuses mainly on large parcels of industrial and commercial properties which they lease out as opposed to IGB REIT, as most of you will know, manages Mid Valley Megamall and the Gardens Mall which makes it a retail REIT. Axis REIT has been in my portfolio since May 2014 and IGB REIT since March 2015.

Going with my current strategy of chasing those dividends, I will be adding more of both stocks to my portfolio when the price is right.

Dividend Yield

Total yield of my investment portfolio currently stands at 0.97% for the year 2016.

A summary of my investments for the year 2015 can be found HERE for a rough comparison.

Do you have an investment portfolio of your own? If so, what is its current yield and what is your targeted yield for 2016?

Thanks for reading.

6 Replies to “Dividend Income – February 2016”

  1. Hi Divvy Leigh,

    Thank you for sharing your investment portfolio.

    I’m a newbie in stocks investment, more so on REITS investment in Malaysia. I’m interested to learn how to invest in REITS, would like to seek your advice on this.


    1. Hai Azhar,

      Thanks for the list, a pretty neat website you have there.
      A word of caution to everyone reading though, a high dividend yield does not necessarily make it a good buy.
      In fact, most times, it definitely is not a good idea to buy just because a company is offering you high dividends. It can be very misleading.

      Always ask why a company is offering higher than average yields and look at the fundamentals.

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