End of July 2022

The last week of July was pretty good one. We made a few purchases and received month end dividends. Usually we do not follow our investment value during the quarter but for some reason we did so this week and hit new ATH with our portfolio. 

This week's purchases:

• 18 shares of Kesko A @22,11888 €
• 22 shares of Bank of Montreal @127,85909 CAD 
• 3 shares of Sampo @42,57 €

This week's purchases will increase our 2022 dividend income approximately by 40 €. 

This week's dividends received:

• -4,86 € to Apollo Investment Taxes
• 28,98 € from Transcontinental Inc
• 5,56 € as a remainder of Apollo Investment DRIP
• 3,23 € from Canadian Imperial Bank of Commerce
• 19,29€ from Clime Capital 
• 9,17 € from Cohen & Steers Infrastucture Fund
• 11,39 € from A&W Revenue Royalties
• 15,29 € from Transalta Renewables
• 11,19 € from MSC Industrial Direct 
• 15,75 € from LTC Properties
• 17,46 € from Gladstone Commercial Reit
• 0,62 € from Gladstone Investment Corp BDC

Total amount of dividends was 133,07 € on last week. That brings July dividends to 754,73 €, which is more than target amount. So far we haven't met target in two months, January and February. We expect August to be a weak month and we will not reach the target of 725 €, not even close. We definitely need to strenghten the middle months of quarters.

3rd week of July 2022

This week we had a nice suprise when we received one DRIP on Friday, earlier than expected. 

We sold our position in Carrefour S.A because we do not have interests in increasing French companies in our portfolio. France withholds too much taxes from dividends and the excess amount should be reclaimed back from the French tax authorities after the year is over.  Requesting the taxes back is quite cumbersome as the application cannot be filed electronically. Sending the documents by mail is not free and receiving money order from french authorities costs a few euros. Therefore it is not economically beneficial to reclaim if the excess taxes are small. Instead of increasing positions in France, we decided to close this position and reallocate money somewhere else. 

We sold 60 shares of Carrefour S.A. @16,84166 and realised 1,7 € profit. We have received 44,57 € dividends from Carrefour so investment returned us 3,9 % p.a. 

We bought 1 share of Sampo @40,75 €. This will not increase our 2022 dividend income. 

We received following dividends:

• 16,41 € from Brandywine Realty Trust
• 1 share of Main Street Capital as a DRIP worth 39,61 €
• 3 shares of Apollo Investment Corp as a DRIP worth 38,53 €
• 6,49 € as a remainder from Main Street Capital drip
• 5,34 € as a remainder from Apollo Investment Corp
• 5,61 € from Independence Realty Trust

The tax from Apollo Investment corp DRIP hasn't yet been deducted. That will most probably happen on Monday.  

Total amount of dividends this week was 111,99 €, which includes also the tax of the Apollo's DRIP. We will correct that when we know the exact amount in euros. The week was ok. We will most likely meet our monthly target of 725 € this month. 

 

2nd week of July 2022

2nd week of July was pretty ordinary. We received good amount of dividends and made a few purchases. 

We bought 5 shares of Kesko A @21,564 €. This purchase will increase our 2022 dividend income by 2,65 €. We bought 5 shares of Kemira @11,504 € and thus increased our 2022 dividend income by 1,45 €. We also increased our position of Sampo by 1 share @40,57 €. This purchase will not increase our 2022 dividends. 

We received following dividends:

• 24,47 € from Whitestone REIT
• 9,44 € from Main Street Capital
• 2 shares of Saratoga Investment worth 44,93
• 7,92 € as remainder from Saratoga DRIP
• 1,01 € from Orion Office Reit
• 4,92 € from Keurig DrPepper
• 5,51 € from Apple Hospitality REIT
• 18,36 € from Exchange Income
• 26,19 € from Realty Income 
• 41,96 € from Cardinal Health
• 47,55 € from Algonquin Power & Utilities
• 52,16 € from Leggett & Platt
• 54,13 € from Spirit Realty Capital

Total amount of dividends this week was 338,55 € which is very good amount.

First week of July 2022

Month started quietly. We received some dividends and we made two purchases, one from Australia.

The reason is that we are not so keen to increase our Australian holdings that Australian companies usually pay dividends only twice a year. Therefore our Australian portfolio has remained unchanged for a long time. We had some Australian dollars sitting idle at our account so we spent some time trying to find a new company from Australia. After screening the companies we ended up to two possible candidates. We compared these two companies and selected CSR Limited. The dividend yield is lower than in the company we did not choose but we expect that CSR to have better outlook than the other company. The other company had bad outlook regarding the future revenues. Thus we selected CSR as being a bit less risky investment. Now we have two Australian construction sector company in our portfolio. 

We purchased 470 shares of CSR Limited @4,10128 AUD. We are expecting to receive interim dividend in December from CSR. We expect receiving interim dividend of around 40 €. We also increased our position in Kesko by 23 shares @21,00783. This purchase will increase our 2022 dividends by 12,19 €. 

We only received following dividends:

• 21,09 € from Telus
• 48,17 € from National Australia Bank
• 35,67 € from Iron Mountain

Total amount of dividends was 104,93 €. The amount is a bit on the low side but still fair. 

Last week of June 2022

Second quarter is over. Its time to take a look at portflolio. The markets have declined lately and of course our portfolio hasn't been immune to it either. Even though we kept investing regularly our portfolio went down a bit. Almost every asset class declined a bit except investment funds and coop memberships. We will withdraw some of the Investment funds at the end of  July and we will reinvest money to stocks in early August. So after 3rd quarter investment funds will be again around 9000 €. We are relatively happy that value of our portfolio has gone down only around 3%. It could be a lot worse.

Investment portfolio

Asset class	1st Jul 21	1st Oct 21	31st Dec 21	31st Mar 22	30th Jun 22
Cash	1 519,58 €	3 079,84 €	6 396,97 €	7 107,92 €	6 761,52 €
Investment funds	9 828,76 €	9 829,82 €	9 834,18 €	9 831,25 €	11 267,08 €
Coop memberships	1 500 €	1 500 €	1 500 €	1 500 €	1 500 €
Shares	197 263,20 €	211 134,20 €	227 828,13 €	241 359,58 €	233 072,96 €
Gross investment portfolio	210 111,54 €	225 543,86 €	245 559,28 €	259 799,02 €	252 610,56 €
Investment loan	20 010,80 €	18 489,23 €	16 990,76 €	14 225,10 €	13 365,98 €
Net investment portfolio	190 100,74 €	207 054,63 €	228 568,52 €	245 573,92 €	239 244,58 €

We made July's first purchase on Friday. We bought 10 shares of Kesko A @21,008 €. As a result we are expecting to receive 5,30 € more dividends this year. 

We received following dividends:

- In June

• 33,66 € from Kesko
• 15,38 € from LTC Properties
• 17,05 € from Gladstone Commercial REIT
• 0,60 € from Gladstone Investment Corp BDC
• 22,48 € from Gilead Sciences Inc
• 7,66 € from Methanex
• 8,94 € from Cohen & Steers Infrastructure Fund
• 11,04 € from A&W Revenue Royalties
• 14,82 € from Transalta Renewables
• 20,00 € from Citycon
• 27,43 € from Alpine Income Property Trust
• 28,87 € from Brookfield Infrastucture
• 40,07 € from Simon Property Trust

-In July

• 18,77 € from Main Street Capital
• 17,71 € from Pepsico
• 5,81 € from Genuine Parts
• 23,90 € from Coca-Cola

In total we received 314,19 € this week, 918,23 € in June and 66,19 € in July so far. June was very good month dividendwise.