Dividend Income Report, September 2018

Published by Nick Mackintosh on

Hey everyone and welcome to my Dividend Income series! This will be for you to see the income I receive from my Stocks and Shares ISA and the changes compared to the previous year. The great thing about investing is that you get paid several times a year by the companies you’ve put money into! So not only do you get a paycheck from your employer, but you also get paid several times a month from extremely well run businesses.

As I explained 2 days ago, I’ve recently become a dad so September was a busy and tiring month, to say the least!

Transactions

For this month I deposited £500 in fresh capital and I reinvested my dividend income.

I kept to my gameplan from the previous month and bought an additional 19 shares in Imperial Brands (LON:IMB) for £507.96. The company still has a free cash flow yield of 11% so I’ll most likely continue to buy shares! I’m looking forward to the company’s annual report in November as I’m on the mailing list for a hard-copy, may not be environmentally friendly (like the cigarette!) but I hate reading from a PDF file.

I invested £100 into my 3 indexes, with Emerging Markets receiving £50 followed by Real Estate & Developed Markets receiving £25 each as I like to average down and lower my cost per share.

I also decided to sell my position in Lexington Realty Trust (NYSE:LXP) as I was made aware of their decision to cut the dividend due to reducing their exposure in offices and the capital will eventually be used for industrial properties. Though this will eventually be a better deal for shareholders if management can pull it off, I already have industrial exposure through Stag Industrial (NYSE:STAG), by selling LXP I realized a total return of 33%.

With the capital received from the sale, I invested in TriplePoint Venture Growth, a business development company specializing in startups. It should benefit from rising interest rates and I also got the added bonus in receiving an extra £23 a year in dividend income.

Dividends Received

For September I received income from 16 holdings, these will be listed below compared to the same period the previous year.

Company September 2017 September 2018 Change
Ares Capital Corp £34.00
Chatham Lodging Trust £5.27 £5.40 2.47%
EPR Properties £6.21
Fidus Investment Corp £32.97
Gladstone Investment Corp £7.14 £7.66 7.28%
Imperial Brands Group £19.62
Legal & General Emerging Markets £7.61
Legal & General Global Real Estate £1.51
Legal & General Group £37.35
Monroe Capital Corp £22.05 £23.05 4.54%
New Mountain Finance Corp £26.78
Newtek Business Services £22.18 £25.11 13.21%
Oxford Square Capital £28.60 £29.96 4.76%
PennantPark Floating Rate £9.27
Stag Industrial £7.62 £7.94 4.20%
InfraCap MLP ETF £19.82
Old Positions £65.20
£158.06 £294.26 86.17%

DividendsReceivedSeptember2018

I was expecting slightly above £300 but it seems Solar Senior Capital didn’t want to pay me a dividend this month! They have a strange payout frequency where some months they pay dividends twice, so rather than receiving a monthly income, sometimes a month will be missed which is a shame.

Newtek Business Services and Gladstone Investment Corp were nice increases compared to the previous year, all the others have just benefitted from the GBP/USD exchange rate.

Dividend Changes Announced In September

For this month only 1 of my holdings announced a dividend increase and its 1 of the regulars, W.P. Carey!

W. P. Carey (NYSE:WPC) declares $1.025/share quarterly dividend, 0.5% increase from prior dividend of $1.020.

To any dividend bloggers or investors following my website, feel free to leave a comment below telling me how you did!


Nick Mackintosh

My name is Nicholas Mackintosh and I’m the Creator and Founder of HelpingTheLittleGuy.com I created this website to help anyone looking for a way to save and earn more with their money. Knowledge is given freely in order to give you a fair shake in a system that is determined to keep you poor, preventing you from having the lifestyle you deserve.

2 Comments

Daniela · October 6, 2018 at 9:27 pm

Congratulations for becoming a dad! Investing for children is a great way to focus on long terms gains 🙂
Are you still able to invest in US REITs via a UK ISA account? My broker stopped this due to tax implications.. so I am left with positions I already have, and that’s a shame because I like US REITS. Thank you for keeping a good/inspirational blog!

    Nick Mackintosh · October 7, 2018 at 2:36 pm

    Hey Daniela!

    Thanks so much! I was highly tempted to put Rebekah into Amazon or Google with the £1300 and then do indexes from there… In hindsight I probably should have but ohwell 😉

    Yes I’m still able to invest in US REITs on Hargreaves Lansdown using my Stocks and Shares ISA, I expect you still can on Interactive Investor too.

    I love US REITs, hence my large allocating to them 😉 Thank you for commenting and keep in touch!

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