Dividends

A list of my past dividend income and updates can be found below:

• Dividend Income Update 2017
• Dividend Income Update 2016
• Dividend Income Update 2015
• Dividend Income Update 2014
• Where it all started – April 2014

December

The last month produced RM1,111.65 in dividends for me. A 14.78% dip compared to last year’s RM1,304.48. TENAGA paid out its dividends in October this year.

Also, I received AirAsia’s special dividend of RM5,320 just in time for the New Year.

I’ll refrain from adding that into my dividend yield for 2018 as that may skew and mislead you. 

Sunway REIT

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This Month’s Dividends – RM310.35

Total 2018 Dividends – RM1,179.94

Total 2017 Dividends – RM1,204.55

Dividend Yield – 5.95%

A small drop in dividends from Sunway REIT this year. Still a solid 6% yield.

Axis REIT

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This Month’s Dividends – RM437.30

Total 2018 Dividends – RM1,359.45

Total 2017 Dividends – RM1,619.51

Dividend Yield – 3.96%

Bad, bad performance from Axis. The price has slightly rebounded but I’ll continue to monitor their dividend payments for the first half of 2019.

Nestle Malaysia Berhad

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This Month’s Dividends – RM140

Total 2018 Dividends – RM550

Total 2017 Dividends – RM540

Dividend Yield – 4.11%

A slight increase in dividends from Nestle. We should see stronger yields next year as the share price has shot up to RM147 per unit right now.

Scicom (MSC) Berhad

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This Month’s Dividends – RM224

Total 2018 Dividends – RM1,008

Total 2017 Dividends – RM756

Dividend Yield – 4.52%

A surprise coming from Scicom this year. Their share price has tanked.

I believe that it is trading at a huge bargain right now.

End.

2018-  RM18,072.25 (4.92%)
2017 – RM15,705.71 (4.69%)

Gross Investment – RM367,168.13
Market Value – RM443,435.79

A good year in terms of dividends. But with the current situation of the market, the Freedom Fund is actually making a slight paper loss this year.

PS. I decided against adding AirAsia’s special dividend into the fray. But just so you know, the yield would have come up to 6.37% if I had.

Here’s to reaching that 5% mark in 2019. 

Happy New Year everyone! Don’t drink and drive.

The Freedom Fund has been updated as of December 2018. The full list of dividend yields from my shareholdings can be viewed there.

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Follow me on Facebook and Instagram to keep up with my dividend income updates.

November

What with the news of the bonus RM0.40 dividend per share announced by AirAsia last night, I am in an upbeat mood as I write this today.

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The dividend income for November 2018 came up to RM1,806.62, compared to RM1,438.87 the same month last year. A 25.56% jump in dividends!

And of course, an equal 25% jump in satisfaction on my part.

Contributing partners to the dividend income: Malayan Banking Berhad (better known as Maybank), Aeon Credit Service Berhad and IGB REIT.

Maybank

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This Month’s Dividends – RM813

Total 2018 Dividends – RM1,853.64

Total 2017 Dividends – RM1,761.72

Dividend Yield – 6.99%

A 7% dividend yield from Malaysia’s largest bank is no easy feat. This amount materializes firstly from my low buy-in price and also from the bank’s financial performance.

The dividend yield has also increased, with the additional shares from Maybank’s dividend reinvestment plan taken into account.

If and when the share price dips to low levels again, I’d suggest investing here. Instead of the constant, tedious chase for 4% promo rates.

Aeon Credit

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This Month’s Dividends – RM378.25

Total 2018 Dividends – RM718.25

Total 2017 Dividends – RM359.21 (comparison with RM378.25 as I bought end of 2017)

Dividend Yield – 3.18%

Give Aeon some time, the growth of their loan portfolio is strong for 2018 and I only see them moving forwards. That said, 3.18% ain’t too shabby.

IGB REIT

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This Month’s Dividends – RM615.37

Total 2018 Dividends – RM2,865.43

Dividend Yield – 7.09%

My all-time favorite REIT right now. (Sunreit is a close second)

I’ve always believed that IGB REIT is a no-brainer and investors new to dividend investing should drop some dough into this counter.

Bought at the right price, you’ll get a nice starting yield of maybe 5%? Hold it for a few more and a 7-8% yield is right around the corner.

A tip: Mall REITs like IGB REIT derive their income mainly from 2 sources – Rentals and parking. IGB has a huge waiting list of tenants and their parking bays are always full.

October

October was a relatively volatile month. And I’ve noticed most of you who started investing recently weren’t able to handle the dip in the market. Emotionally.

Reminder: You’re investing for the LONG term. Don’t let temporary dips or so-called financial crises shake you.

Remember to always do your research and have target prices for your stocks. And based off that TP, decide to buy or sell. I know most of you are just looking for re-assurances. And I’m more than happy to remind and reassure everyone again and again.

So, moving on. The tenth month brought in only RM599.64 in dividend income compared to RM1,454.52 last year. A 58.77% dip. The difference? AirAsia declared October last year but not this year. We did have TNB’s contribution this year though.

Sunway Berhad

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This Month’s Dividends – RM296.94

Total 2018 Dividends – RM551.46

Dividend Yield – 4.84%

I’ve held Sunway’s shares for years now which is why I get good yields like these from them. Total yield is up from 4.59% last year. I always love it when yields increase y-o-y.

Tenaga Nasional Berhad

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This Month’s Dividends – RM302.70

Total 2018 Dividends – RM516.80

Dividend Yield – 3.66%

TNB has been a new addition to the portfolio. Up from 3.12% last year. Increasing yields? Check.

End.

Dividends from both companies are above the 3% mark and have been increasing every year. Keeping both companies for many years to come.

To summarize,

Freedom Fund as at October 2018
Dividend Income (October): RM599.64
Dividend Income (2018): RM15,153.98
Dividend Yield: 4.13%

We’ve almost crossed the 4.28% dividend yield mark for last year and we’ve got 2 more months to go. Barring any unforeseen circumstances, it’s a solid year for the Freedom Fund.

Onwards and upwards! And remember, don’t panic during recessions. Save and always stay invested.

September

The 3rd quarter of the year comes to a close this time around with a total of RM1,799.63 in dividends for the month of September.

Compared to last year in September of RM1,136.30, we’ve got a 58.38% increase in dividends.

Freedom Fund has been updated to reflect 3Q numbers.

The handful of companies providing me with this rezeki are as follows:

Axis REIT

This Month’s Dividends – RM373.35

Total 2018 Dividends – RM922.15

Dividend Yield – 2.69%

Sunway REIT

This Month’s Dividends – RM274.18

Total 2018 Dividends – RM869.59

Dividend Yield – 4.38%

Public Bank

This Month’s Dividends – RM192

Total 2018 Dividends – RM396

Dividend Yield – 3.57%

Nestle Malaysia Bhd

This Month’s Dividends – RM140

Total 2018 Dividends – RM410

Dividend Yield – 3.07%

Homeritz Corporation

This Month’s Dividends – RM244.50

Total 2018 Dividends – RM782.40

Dividend Yield – 5.54%

IGB Berhad (formerly Goldis Bhd)

This Month’s Dividends – RM227

Total 2018 Dividends – RM227

Dividend Yield – 2.15%

Scicom Berhad

This Month’s Dividends – RM336

Total 2018 Dividends – RM784

Dividend Yield – 4.68%

End.

Solid performance from the businesses for September. The only exception being Axis REIT which has really been underperforming all year round.

To summarize,

Freedom Fund as at September 2018
Dividend Income (September): RM1,799.63
Dividend Income (2018): RM14,554.34
Dividend Yield: 3.96%

We’re only at the 3rd quarter for 2018 and already recording impressive numbers.

It’s safe to say we will be breaking last year’s record. Not enough to hit the 5% in yields mark. But a 4.5% would be sufficient.

Onwards and upwards! Thank you for reading.

August

The 8th month of 2018 brought me only RM574.55 in dividends compared to RM1,880.64 the same time last year. As mentioned in the previous post, this is due to most companies paying in July instead of June and August.

IGB REIT

This Month’s Dividends – RM574.55

Total 2018 Dividends – RM2,250.06

Dividend Yield – 5.57%

These should be all the dividend income from IGB REIT this year.

Total Dividend (2018) – RM2,250.06

Total Dividend (2017) – RM1,785.70

Dividend Yield (2018) – 5.57%

Dividend Yield (2017) – 5.96%

I purchased additional shares in March 2018, giving me a higher total dividend but a lower yield.

I trust in the assets the management has invested in and foresee growth for IGB REIT in the distant future. As with properties, the growth would be a slow one.

End.

As a comparison to last year’s performance:

August (2018): RM574.55

August (2017): RM1,880.64

A 69.45% dip in dividend income. We should see dividend income normalize come September.

To summarize,

Freedom Fund as at August 2018
Dividend Income (August): RM574.55
Dividend Income (2018): RM12,754.71
Dividend Yield: 3.47%

July and June

This will be a combined Dividend Income Update for the months of June and July.

I decided to combine both because dividends this year have been pretty erratic in terms of ‘when’ they were distributed. You’ll see in a moment.

It’ll still be separated into individual months for easy reading.

June 2018 – RM1,613.94
June 2017 – RM3,750.74

A -56.97% decrease y-o-y.

Worry not, most of the dividends were distributed later in July.

Companies that paid out in June were – Nestle, Axis REIT, Sunway REIT, Cypark and Scicom.

Nestle Malaysia Bhd

This Month’s Dividends – RM270

Total 2018 Dividends – RM270

Dividend Yield – 2.02%

Nestle shares have been on a high this year. I’m up by a 120% in capital gains from my measly 200 units of Nestle shares.

Dividends from Nestle increased by 4% y-o-y. Received RM260 the same time last year.

Axis REIT

This Month’s Dividends – RM362.63

Total 2018 Dividends – RM548.80

Dividend Yield – 2.27%

Axis REIT has been on a disappointing run. Both in share price as well as its dividend payouts.

Sunway REIT

This Month’s Dividends – RM298.11

Total 2018 Dividends – RM595.41

Dividend Yield – 3.00%

A marginal increase in dividends this time around for SunREIT. No complaints there as the dividend yield has been increasing every year.

Cypark Resources Bhd

This Month’s Dividends – RM459.20

Total 2018 Dividends – RM459.20

Dividend Yield – 2.60%

An increase in dividends from Cypark this time around. It’s yield increased from 2.41% in 2017 to 2.60% this year.

Scicom (MSC) Bhd

This Month’s Dividends – RM224

Total 2018 Dividends – RM448

Dividend Yield – 2.01%

Big increase in dividends from Scicom compared to the same months last year. The share price has taken a beating though.

July 2018 – RM4,176.64
July 2017 – RM552.00

A 656.64% increase y-o-y.

So… That’s a 650% increase in dividends for July. However, combining both June and July, we will have a 34.58% increase in dividends. I’ll show you the numbers at the end of this post.

Companies that paid out in July were – Maybank, Scientex, AirAsia, AEON Credit and CBIP.

Malayan Banking Bhd

This Month’s Dividends – RM1,064.64

Total 2018 Dividends – RM1,040.64

Dividend Yield – 3.92%

Huge, huge dividend payout from Maybank. A marginal increase from last year.

The final dividend should be paid out some time in October. We are set to see Maybank’s dividend yield go past the 7% mark this year.

Scientex Bhd

This Month’s Dividends – RM920

Total 2018 Dividends – RM1,840

Dividend Yield – 5.19%

This should be all the dividends from Scientex this year. The increase in dividends compared to 2017? 40%.

Nuf’ said.

AirAsia Bhd

This Month’s Dividends – RM1,596

Total 2018 Dividends – RM1,596

Dividend Yield – 3.85%

AirAsia more than doubled its dividends this year. I received RM780 this time last year.

Although a growth company, AirAsia’s dividends are one of the best in my portfolio.

Aeon Credit Bhd

This Month’s Dividends – RM340

Total 2018 Dividends – RM340

Dividend Yield – 1.51%

CBIP Bhd

This Month’s Dividends – RM280

Total 2018 Dividends – RM700

Dividend Yield – 3.14%

End.

As a comparison to last year’s performance for both June and July:

June & July (2017): RM4,302.74

June & July (2018): RM5,790.58

That’s a big 34.58% increase.

To summarize,

Freedom Fund as at July 2018
Dividend Income (June & July): RM5,790.58
Dividend Income (2018): RM12,180.16
Dividend Yield: 3.31%

The Freedom Fund’s dividend yield has already surpassed the 3% mark. And it is only July. Again, for the people that continuously ask me ‘Why not FD?’ I hope this answers your question. Again.

To recap, last year’s dividends were almost RM16K.

I know I’m aiming high right now, but we are in line to achieve RM18K in dividends this year. In fact, RM20K is entirely possible.

As always, thank you for reading! I’ll be updating the Freedom Fund page within the week or so. 

May

May 2018 – RM667.52
May 2017 – RM393.79

A 69.51% increase y-o-y. The increase is thanks to IGB REIT declaring its dividends in May.

Last year’s sole contribution came from Axis REIT, whose dividends came in June this year.

IGB REIT

This Month’s Dividends – RM667.52

Total 2018 Dividends – RM1,675.51

Dividend Yield – 4.15%

IGB REIT is one of my portfolio’s largest contributor of dividends, consistently providing me with yields of 5% and above.

This year, we ought to see it break the 6% dividend yield threshold.

As I’ve often said, REITs are necessary defensive stocks to have in your portfolio. They act as an anchor during bad market conditions that still provide you with high yields.

End.

April and May has traditionally been slow months for the Freedom Fund. We should hopefully see June give us bigger returns this month in June. Really looking forward to it.

To summarize,

Freedom Fund as at May 2018
Dividend Income (May): RM667.52
Dividend Income (2018): RM6,389.58
Dividend Yield: 1.70%

As always, thank you for reading! Those of you who are heading to AirAsia’s AGM on 20 June, drop me a PM. 

April

April 2018 – RM483.02
April 2017 – RM277.20

A 74.25% increase y-o-y. The increase comes mainly from the addition of Tenaga Nasional Berhad in July last year.

And yes, congratulations to Pakatan Harapan on the GE14 win.

Tenaga Nasional Berhad

This Month’s Dividends – RM214.10

Total 2018 Dividends – RM214.10

Dividend Yield – 1.52%

TNB has been performing really well since I’ve added it to the Freedom Fund last year. The risks moving forward will be the review of government contracts TNB has signed while under BN’s rule.

Sunway Berhad

This Month’s Dividends – RM254.52

Total 2018 Dividends – RM254.52

Dividend Yield – 2.23%

Sunway Construction Berhad

This Month’s Dividends – RM14.40

Total 2018 Dividends – RM14.40

Dividend Yield – 2.50%

Recent Buys

I’ve made a purchase 3,000 units of AirAsia shares at RM3.52 each. My average price is RM3.1189 currently.

End.

I apologize for the late dividend income update this time around. May’s post will be up soon.

April and May has traditionally been slow months for the Freedom Fund.

To summarize,

Freedom Fund as at April 2018
Dividend Income (April): RM483.02
Dividend Income (2018): RM5,722.06
Dividend Yield: 1.60%

Still waiting on AirAsia’s AGM notice. Anyone know anything about it? Will be interesting to see Tony after his recent debacle.

As always, thank you for reading!

March

March 2018 – RM2,166.98
March 2017 – RM455.37

That big jump in dividends is no April Fool’s joke. As mentioned in the previous post, Public Bank’s dividends came in March this year at RM204 instead of February.

However, the main reason for the increase in dividends is the one-off payment from my Goldis Preference Shares from the takeover offer a couple of months back. I received RM1,441.68.

So, did my dividend income actually increase?

YES! Even without taking into account Public Bank’s and the one-off payment from Goldis, my dividends increased by 14.48% y-o-y. Both SunREIT and Scicom paid out higher dividend amounts.

Sunway REIT

This Month’s Dividends – RM297.30

Total 2018 Dividends – RM297.30

Dividend Yield – 1.50%

Scicom Berhad

This Month’s Dividends – RM224

Total 2018 Dividends – RM224

Dividend Yield – 1.34%

Public Bank Berhad

This Month’s Dividends – RM204

Total 2018 Dividends – RM204

Dividend Yield – 1.84%

Goldis Berhad / IGB Corp

As mentioned earlier, this is a one-off payment from Goldis’ takeover of IGB Corp. I opted to receive Goldis preference shares instead of a full cash payout. You can read more about it hERE.

Recent Buys

I’ve made a purchase of 7,000 units of IGB REIT shares for RM1.49 each last month in light of the cheap prices of REITs.

End.

I’m happy with March’s dividend income. As the 1st Quarter of 2018 comes to a close, I’ve updated the Freedom Fund to reflect my gains accordingly.

How has everyone’s 1st quarter been?

To summarize,

Freedom Fund as at March 2018
Dividend Income (March): RM2,166.98
Dividend Income (2018): RM5,239.04
Dividend Yield: 1.51%

On a side note, I’ve received notices from Maybank and Public Bank on their upcoming AGMs. Anyone attending? Drop me a comment here or on Facebook and maybe we can arrange a small gathering.

As always, thank you for reading!

February

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

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

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

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!

January

Dividends, dividends, dividends!

January 2018 – RM1,340
January 2017 – RM1,180

An increase of 13.56%.

Same companies – Scientex Berhad and CBIP Berhad.  The increase was contributed by Scientex alone, giving out RM920 compared to the RM760 last year. CBIP’s dividends remained constant at RM420.

Scientex Berhad

This Month’s Dividends – RM920

Total 2017 Dividends – RM760

Dividend Yield – 3.14%

CBIP Berhad

This Month’s Dividends – RM420

Total 2017 Dividends – RM420

Dividend Yield – 1.88%

End.

Pretty straightforward stuff for the first month of 2018. Same two companies, one increasing its dividends while the other’s remained the same.

Scientex is expected to continue to contribute heavily to my portfolio’s dividend income this year.

Last year, with RM1,312 in dividends, Scientex’s dividends made up almost 10% of the Freedom Fund’s total dividend income. The 21% increase in dividends by Scientex came as a surprise as I only expected a small hike in dividends this time around.

To summarize,

Freedom Fund as at January 2018
Dividend Income (January): RM1,340
Dividend Income (2018): RM1,340
Dividend Yield: 0.4%

Last but not least, a Happy Chinese New Year to everyone! Onwards and upwards!