February 2018 – RM1,732.06
February 2017 – RM2,081.80
That’s a 16.8% decrease in dividends for me y-o-y. This is mainly due to Public Bank declaring its second interim dividend late this year. I’ll be receiving it in March or April.
The RM1,732.06 this February came from IGB REIT, Axis REIT, and Homeritz.
This Month’s Dividends – RM1,007.99
Total 2017 Dividends – RM1,007.99
Dividend Yield – 3.36%
IGB REIT’s dividends increased from RM733.50 to RM1,007.99 y-o-y.
We should see IGB REIT’s dividend yield pass the 6% yield this year.
This Month’s Dividends – RM186.17
Total 2017 Dividends – RM186.17
Dividend Yield – 0.54%
Axis REIT’s dividends decreased from RM271.20 to RM186.17 y-o-y.
I’ve had many many queries from concerned readers regarding Axis REIT’s performance.
Axis had been aggressively acquiring new properties lately, as many as 2 in 2017 alone. Coupled with new unit placements in November, this has seen a drop in share price for the REIT.
As a shareholder, I’m of course always happy to see the management acquire solid new properties. However, with new share placements, I expected a share price drop but not a drop in my dividends. Food for thought.
Also, Axis’ AGM is coming up in April. Anyone attending?
This Month’s Dividends – RM537.90
Total 2017 Dividends – RM537.90
Dividend Yield – 3.81%
Homeritz’s dividends decreased from RM733.50 to RM537.90 y-o-y.
Homeritz was buoyed by the decrease in value of the Ringgit last year and translated to huge gains for its exports.
Still, a 3.81% yield from its first dividends this year is good.
February in 2018 has been disappointing compared to last year’s. Mainly due to underperformance by Axis REIT’s dividend distribution.
March should see some improvement. How has everyone’s February been?
Freedom Fund as at February 2018
Dividend Income (February): RM1,732.06
Dividend Income (2018): RM3,072.06
Dividend Yield: 1.07%
I’d like to apologize for not replying some of your comments and messages on time as I’ve been away on holiday up till today – the 21st of March. Will be replying everyone real soon!!
As always, thank you for reading!