Dividend Income – February 2018

Dividend Income

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.

IGB REIT

IGB REIT Dividend February 2018
IGB REIT Dividend February 2018

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.

 

Axis REIT

Axis REIT Dividend February 2018
Axis REIT Dividend February 2018

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?

 

Homeritz Bhd

Homeriz Dividend February 2018
Homeriz Dividend February 2018

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.

 

End.

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?

To summarize,

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!

14 Replies to “Dividend Income – February 2018”

  1. Hi Leigh, Ive been following your blog for some time now. I too have started investing in Malaysian REITs (IGB, Al Aqar and Axis) given the recent selloff. Im a real estate development executive and have found REITs really interesting especially given that many REITs in Malaysia are trading closing to NAV now after interest rate hikes in US, and whats interesting is that many of these REITs are not really exposes to floating rate debt.

    Im curious though, do you personally invest in any overseas based REITs? Would love to discuss more if you do.

    1. Hi Prem,

      Good to meet ya! Maybe you can let us know more about the Real Estate climate here in Malaysia =D

      Yep many REITs are close to NAV and not many investors see that. All they cry about are ‘Oh why did the share price drop, should I sell?’
      In times of fear like these, its best to invest.

      I don’t invest overseas because of the taxes involved when getting my money back to Malaysia.

  2. Hi. I already bought axis reit stock. May i know how can i attend the agm? Is there any criteria to attend it such as minimum holding quantity.

  3. Hi, I’m very new in investment of any sort and would like to start investing but Ive no clue where should I begin or start. Was wondering if you could shine some light onto how you started. Did you have a broker when you started investing?

    1. Hi Tep,

      Please go ahead and read my post for beginners on the site.
      And no, I didnt have a broker when I started. You’ll find that everything can be done online yourself now. No need to pay extra for a remisier. =)

  4. Hi! I’m quite impressed with your dividend result…You really expert in finding those dividend income. I’m quite interesting on it. Is there any way I can start to achieve the results same like? Please advise.. thanks

    1. Hi Steve,

      I don’t give advice on what stocks to buy.
      But you’re free to emulate my portfolio or pick from there based on the dividends the companies have been distributing.

      A good tip would be to look for companies whose dividends keep increasing every year.

  5. Hi,

    Appreciated you shared your work to us. Been learning so much from you.

    Just curious if you are still holding Sunreit now? As today the price has dropped to RM1.53 which is quite cheap it seem to me.

    Thank you so much!

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