Saturday, 30 July 2016
Dividend Report: Jan-Jul 2016
No S$ dividends collected in July, resulting in the average dividends per month plummeting to under S$3,000.
Vanguard's quarterly distribution came in this month (Jan/Apr/Jul/Oct) which increased the amount of US$ and £ collected. Some ADRs also paid dividends this month including Westpac Bank which also answered the question how much dividend withholding tax is applied to an Australian ADR. The answer is 15%, the most favourable rate possible (as opposed to 30%).
I have also sold all my SCB foreign ETFs that declare dividend and replaced them with ETFs that reinvest dividend. This is due to the $10 minimum commission that makes it very expensive to reinvest the dividend.
Average dividends per month: Jan-Jul 2016:
Average dividend = Total dividend collected ÷ number of months in the year so far
Different from DK style of total dividend ÷ 12 months
Previous monthly average