A list of my past dividend income and updates can be found below:
- Dividend Income Update 2023
- Dividend Income Update 2022
- Dividend Income Update 2021
- Dividend Income Update 2020
- Dividend Income Update 2019
- Dividend Income Update 2018
- Dividend Income Update 2017
- Dividend Income Update 2016
- Dividend Income Update 2015
- Dividend Income Update 2014
- Where it all started – April 2014
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Dividend Income Update – October 2024
Dividend Income (October) – RM740.68
Dividend Income (2024) – RM19,734.12
Dividend Yield – 5.24%
RM740.68 in dividends for October. It’s an increase compared to the previous year as we’ve added Matrix and cut Nestle. Sunway’s dividends have increased as well y-o-y.
We will pass the RM20,000 mark in dividends this year but we’re unlikely to get to a 6% yield. I’ll continue to add more money into stocks and be less conservative moving forward. The goal is still RM1,000,000 in Malaysian stocks.
Previously, I’ve also moved most of the stocks from my Hong Leong trading account to moomoo (I took advantage of their promo and will be getting an Apple share for transferring in) and will be investing from Moomoo. You can find my latest review on moomoo MY hERE.
Moomoo referral link: http://j.moomoo.com/00KiPh
I’ll also be leaving my previous section on asset allocation here (down below) and updating it again towards the end of the year.
All my assets can be categorised into two main categories – Safe and Growth
Safe Assets (54%)
FD and savings – 13%
ASM, EPF & PRS – 24%
Bonds – 17%
Growth Assets (46%)
US stocks, MY stocks, crypto, P2P
For a little privacy and to avoid disclosing my exact numbers, I’ve lumped my growth assets into one. 😉
And so, the above is what my allocation looks like. It is very conservative considering my age. I’m still (relatively) young. Ideally, I would like to have about 60% in growing assets, maybe even 70%.
Financial Independence but not Retirement
Relating to FI/RE, I realise that I may be reaching my goal soon. And maybe it is time to update the FI/RE guide as well.
As this wasn’t an overnight achievement, there isn’t much excitement on my part. Perhaps more of a gradual anticipation.
I am, however, a little disillusioned. So I have a few questions for everyone:
1. What is your FI/RE number?
2. What do you plan to do with said amount?
I’m considering dumping into EPF (reaching the RM1M mark to enable withdrawals) and leaving the rest in stocks. OR leaving >50% in stocks and the rest in Safe Assets.
3. What jobs have you considered taking once you are financially independent?
I don’t like to be idle and I’m considering so many different jobs.
a. Work and travel
b. Working a simple job nearby with whoever is hiring
c. Becoming a personal trainer as I enjoy working out
d. Go into the financial planning field and utilise my CFP
e. Live off-grid and farm
For stock investing, I use Rakuten and moomoo MY. Don’t forget to use my referral link for extra rewards.
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Dividend Income Update – September 2024
Dividend Income (September) – RM6,813.80
Dividend Income (2024) – RM18,993.44
Dividend Yield – 5.05%
Nothing in August but we got a big bump in September this year. Mainly thanks to a bigger Maybank holding. Received a total of RM3,338.48 in dividends from Malaysia’s largest bank. Yield is around the 6% region. A little tough to calculate as I’ve got them in two different brokerage accounts. Next year’s figures will be easier to calculate.
Also received RM852.02 from IGB REIT. An increase compared to RM788.56 last year. Yield is at 5.27% currently (one more dividend to go).
RM700 from Public Bank compared to RM630 last year. Yield increased significantly from 4.03% to 5.76% this year. Still can’t believe I’m seeing yields like this from PBB. Regret not buying more..
SunREIT paid out RM1,910.70 this time around compared to RM1,308.46 last year. Yield went up from 4.10% to 5.62% this year/ Finally looking like a proper REIT.
Dividend Income Update – July 2024
Dividend Income (July) – RM2,780
Dividend Income (2024) – RM12,179.64
Dividend Yield – 3.24%
Received RM2,780 in dividends for July 2024.
One from Scientex, which gave me RM2,280 this year, compared to RM1,900 last year. It may not seem like it’s a lot but that’s a 20% increase. 5.06% yield for me.
Another was from Matrix – RM500. First year holding this stock so no comparison yet. 4.69% yield so far.
Dividend Income Update – May 2024
Dividend Income (May) – RM984.87
Dividend Income (2024) – RM9,399.64
Dividend Yield – 2.44%
Received RM984.87 in dividends for May 2024.
All of them are from IGB REIT, compared to RM930.99 same time last year. That’s a 5.7% increase.
We may be skipping June’s update as typically we don’t receive dividends in June. We will have an update on how the Freedom Fund is doing though.
Dividend Income Update – April 2024
Dividend Income (Apr) – RM617.47
Dividend Income (2024) – RM8,414.77
Dividend Yield – 2.18%
Received RM617.47 in dividends for April 2024.
RM500 from Matrix.
RM51.85 from Sunway.
RM65.62 from Sunway – Preference shares.
Relatively quiet month.
RM500 from Matrix, bought it last year so nothing to compare it to for the time being. The rest were from Sunway. Company is at an all-time high right now (finally).
I’ve also been contemplating moving more money out from my safe assets for awhile now. Will probably go all in on one stock soon – Maybank? =)
Dividend Income Update – March 2024
Dividend Income (Mar) – RM2,620.22
Dividend Income (2024) – RM7,797.30
Dividend Yield – 2.02%
Received RM2,620.22 in dividends for the third month of 2024.
RM700 from Public Bank.
RM1,801.72 from Maybank.
RM118.50 from QL Resources.
Both Public Bank and Maybank have increased their dividend amount compared to last year.
QL’s remained the same. And as the price has increased this month, I’ve subsequently sold all of my QL shares in line with my consolidation plans. Will be moving it to moomoo account to reinvest in either Matrix, Maybank or Scientex.
Dividend Income Update – February 2024
Dividend Income (Feb) – RM2,777.08
Dividend Income (2024) – RM5,177.08
Dividend Yield – 1.26%
Received RM2,777.08 in dividends for the second month of 2024. RM898.52 from IGB REIT and RM1,878.56 from SunREIT. My only two REIT holdings at the moment.
SunREIT and IGB REIT are both doing good and both had an increase in dividend payout this year compared to 2023.
Dividend Income Update – January 2024
Dividend Income (Jan) – RM2,400
Dividend Income (2024) – RM2,400
Dividend Yield – 0.59%
Had RM2,400 in dividends for the first month of 2024. RM1,900 from Scientex and RM500 from Matrix. My two darlings.
Scientex maintained the same dividend payout as 2023. Matrix is a new one for me and RM500 will be the first I receive from them.