New year, old tricks

This week had last dividends from last year and first passive income for this year.

Last day of the year 2019 we received 7,17 € dividends from LTC Properties after taxes and fees deducted. From Methanex Corp we received 19,89 USD dividends after taxes deducted. This is approximately 17,75 €. Also Main Street Capital dividends arrived on 31st of December, few days late. From Main Street Capital we received 23,95 € after taxes and fees deducted. Last dividend payment for the year was from Transalta Renewables Inc. We received 19,97 CAD after taxes deducted. This is approximately 13,65 €.

We already made separate post of the last year's summary. We reached our goal with flying colours. New target for the year 2020 was set to 5300 €.  So we increased our target by 36 %, and the target is actually 11.6% higher than what we received last year.

This year's start was weak. We did not receive any dividends, even we should have. Instead we only received (unexpected) interests from our accounts. From year 2019 we received 0.37 € interests. This is pretty good considering the general interest level and the fact that we do not like to keep money sitting on the accounts.

As said we received Main Street Capital dividends few days late. We also should had received dividends from Iron Mountain but dividends has not yet landed to our accounts. These random delays at dividend payments have increased in our main bank (which is also our main broker). The explanations of these incidents has been ridiculous. For example, one "reason" was that "The dividend payment day was Saturday". No it wasn't, the dividend payment day was 10th of October 2019, which was Thursday.  After pointing that out to bank, they never returned to us. At the moment we have 4 unresolved service requests pending at our bank. No suprise that we have started to look out new bank. Unfortunately there are not many good options out there. We would like to have most of our financing activities in one bank with reasonable cost level.

And back to business. On 2nd of January we increased our position at Duke Energy. We bought 28 shares @90,29 USD. This will increase our estimated net dividends this year by 80 €. We also bought 25 shares of Iron Mountain @30,26 USD. This will increase our estimated net dividends by 35 €.