Fourth week of November 2022

We made a decision to dramatically lower our risks and pay back all our existing loans mortgage included within the next 3 months. After that we will start rebuilding our dividend portfolio. That's why we sold quite a many positions this week. With money received from sales we paid back 11 801,52 € principal and 20,37 interest and fees.Paying back investment loan will lower our negative monthly cashflow by 300-350 € and we also saved approximately 400 € in fees and interests. 

We will make the first larger payment on our mortgage in early December. Paying back mortgage fully will free approximately 1900 € monthly cashflow. Even though we will temporarely lose more dividend income than the interests would have been after the interest increase, we will significantly reduce our liquidity risks especially in current inflation situation. The freed cashflow helps to rebuild the portfolio faster. At the same time we will optimize our positions in different accounts as now our positions havn't been very well organized between the accounts. 

Transaction made this week:

• sold 18 shares of MSC Industrial Direct @84,40223 USD, position closed
  
• sold 30 shares of Kemira @13,79067 €
• sold 34 shares of Southern @64,9001 USD, position closed
  
• sold 70 shares of Sampo @47,56571 €
• sold 100 shares of LTC Properties @38,6085 USD, position closed
  
• sold 200 shares of Whitestone Reit @9,2690 USD
• sold 535 shares of Nordea @9,82231
• bought 6 shares of Capman @2,58666 €
• sold 100 shares of National Australia Bank @30,875 AUD, position closed
  
• sold 367 shares of Brickworks @20,90 AUD
• sold 383 shares of AGL Energy @7,84 AUD, position closed
  
• sold 470 shares of CSR @4,68723 AUD, position closed
  
• sold 731 shares of Waypoint Reit @2,7 AUD, position closed
  

 We received following dividends:

• 104,46 € from Brickworks
• 35,08 € from Royal Bank of Canada

Total amount of dividends this week was 139,54 €. 

 

 

3rd week of November 2022

This week was quite remakable. We made several transactions and one major decision. 

The decision

We have decided to liquidate most of our positions within next 3 months in order to fully pay back our loans. The reason for this is that our loans are tied to Euribor 12 and interest rate adjustment date is approaching. The Euribor 12 is expected to be over 3% when the time for adjustment is due. This would mean significant increase in interest expenses and as a result interests would almost match our typical dividend income in a month. We rather radically decrease our risk levels than take a few euros in net dividens in month.This transaction will strenghten our monthly cashflow and enables us to rebuild and optimize our portfolios. 

This decision means that we will not reach our target of 1000 € in monthly dividend income next year so we will discard that goal. We will set a new goal after we have paid back our loans. We will not increase our positions until we have sorted the loans and we will start selling our positions right away. 

This week's transactions:

• bought 3 shares of Coca-cola @ 61,18523 USD
• bought 32 shares of Gladstone Commercial Reit @18,95139 USD
• bought 1 share of Gladstone Investment Corp BDC @15,04USD
• sold 14 shares of Exxon Mobil @113,20 USD
• Sold 12 shares of Orion Office Reit @9,50305 USD, position closed
• Sold 200 shares of Diversified Healthcare Trust @1,1548 USD, position closed
• bought 18 shares of Kesko A @20,80611 €
• bought 31 shares of Pacific Premier Bancorp @36,40226 USD

We will not calculate how these transactions will affect to the future dividend stream because we might sell some of these by end of February. 

We received following dividends:

• 23,76 € from Whitestone Reit
• 42,49 € from Abbvie
• 9,32 € from Main Street Capital
• 8,55 € from Apple Hospitality Reit
• 18,45 € from Exchange Income
• 18,74 € from Waypoint Reit
• 47,94 € from Owl Rock Capital 
• 54,57 € from Omega Healthcare Investors
• 1,62 € from Diversified Healthcare Trust
• 15,73 € from Lazard Ltd

Total amount of dividends this week was 241,17 €. 

 

Second week of November 2022

This week was very quiet as this time of month usually is. We have planned to make some transactions next week when our bank has discounted transaction fees on US markets. 

Transactions of the week

We sold 20 shares of Kemira @13,8995 €.  We realized 20,8 € profit with this transaction, which is 8 % gain on capital. Annualized return would be a bit better.

Dividends of the week

Also dividendwise this week was very quiet. We received 16,16 € from British American Tobacco and 2,51 € from Pacific Premier Bancorp.Total amount of dividends was 18,67 €. 

First week of November 2022

Month changed to November. It was again time to make our monthly investment loan payment so we paid back 322,19 € principal and 27,81 € fees and interests. We are little bit ahead of our payback schedule because we round up the payment to some nice even number. 

We are almost done with changing the broker. We are just waiting last dividends to arrive to old broker's account so that we can transfer rest of the money to our new broker. Then we can close the old account and we are done.  Last dividends arrive on 15th of November so we can transfer money on 16th. 

Dividend increases

Simon Property Group annouced a dividend increase. New quarterly dividend is 1.80 USD so increase is 0,05 USD/share. This will mean around 4,90 € increase in dividends in 2023. 

CSR increased interim dividend by 0,03 AUD so we will receive approximately 9,17 € more dividends in 2022 than anticipated. 

Third dividend increase this week was from Regency Centers. This is quite recently acquired holding in our portfolio. Regency Centers increased quarterly dividend by 4% increasing our 2023 dividends by 3,80 €.

Purchases

We bought 1 share of Capman @2,50 € with dividends received. That is the only transaction we made this week. 

Dividends

We received following dividends and interests:

• 16,19 € from LTC Properties (September)
• 17,95 € from Gladstone Commercial Reit (September)
  
• 0,68 € from Gladstone Commercial Reit (September)
• 9,41 € from Cohen & Steers Infrastructure Fund (September)
  
• 14,74 € from Transalta Renewables (September)
• 10,99 € from A&W Revenue Royalties (September)
  
• 23,78 € from Kemira (November)
• 6,53 € from Cibus Nordic (November)
• 55,74 € from Verizon Communication Inc (November)
• 40,88 € from Telia Company (November). 
• 0,23 € September interest income (November)
  

Total amount of capital income was 197,12 € which is fairly good for a week. Our September dividends were 736,79 € so we reached our monthly target also in September. Out of 10 months there are 3 months where we have not met the target. 

Capital income in November is now at 127,16 €.