Dividend Report: March 2018

March is a slow month because its the close of the financial year. Only FEHT paid dividends.


Average dividends per month: Jan-Mar 2018
S$4,066.03    [2017: $3,218.05]
£127.10         [2017:  £128.54]
US$601.18     [2017:  US$328.03]




Average dividends per month: Jan-Feb 2018
S$5,924.45    [2017: $4,625.47]
£322.75         [2017:  £176.10]
US$688.39     [2017:  US$432.80]


(total A$ collected - 72.21 too infrequent to bother about average)

Notes:

Average dividend per month = total dividend collected / number of months in the year so far. Vanguard quarterly dividends reported on Jan/April/Jul/Oct

Regular Share buying plan

Given that my IBKR portfolio has grown rapidly and is becoming a sizeable part of my entire investment portfolio, I felt that it would be good to diversify by using another broker for some of my foreign shareholdings.

Since Standard Chartered's US$:S$ exchange rate is now very good, I have started to use SCB to purchase CPXJ (iShares Developed Asia ex-Jpn ETF) and LQDE (US$ Investment Grade Corporate Bond ETF). To build up my SCB holding, I will buy them once every month.


Monthly Plan
SCB Foreign ETFs
S$1,000   CPXJ
S$1,000   LQDE


Interactive Brokers Foreign Stocks
S$800       ADR-1  (Telecoms  BT, VOD, or TEF)
S$800       ADR-2  (Commodities /Utilities/ Pharma  BLT, NGG, or GSK)


SCB Local Stocks
S$800         REIT-1 
S$800         REIT-2 or STI Component Stock
S$800         STI Component Stock   (Singtel or Sembcorp)

Total: S$6,000 a month regular share buying plan + continue to top-up warchest + discretionary buying of selected shares on dips. 


Quarterly Regular Purchases
If I did not do any discretionary buying on dips over the last 3 months, I will use the accumulated cash to purchase an ETF
S$2000          UK ETF: VUKE (buy using IBKR) or Emerging Markets: VDEM/EIMI (buy using SCB)


Annual Target for regular share buying is therefore
6,000 x 12 (monthly purhcase) + 2,000 x 4 (quarterly purchase)  = $80,000 a year. Dividend income covers basic expenses and a little more, allowing most of earned income to be deployed towards investment with remainder added to warchest for future crash.

Dividend Report: Feb 2018

CPF & SCB were 1 day late and paid in March (CCT, SBReit, ART, FCT, CDLHT etc). For 2018, I've moved all the late payments to Feb.



Average dividends per month: Jan-Feb 2018
S$5,924.45    [2017: $4,625.47]
£322.75         [2017:  £176.10]
US$688.39     [2017:  US$432.80]


(total A$ collected - 72.21 too infrequent to bother about average)

Notes:

Average dividend per month = total dividend collected / number of months in the year so far. Vanguard quarterly dividends reported on Jan/April/Jul/Oct

Strategy Report Feb 2018: Initiating Position in SSE

I have already taken a position in National Grid (NGG) and will also take a position in SSE  (previously known as Scottish and Southern Energy) . When I find a sector attractive due to its dividend yields, I prefer to diversify by buying more than 1 stock from that sector. 

To help me with my decision-making, I decided to subscribe to the purely quantitative Robo-Analyst Report Stockreports+ by ThomsonReuters. IBKR gave me a free trial and I liked the way it summarised useful quantitative information and also gave a peer comparison.  Also, Morningstar did not have a recent report of National Grid. As for Motley Fool, they love this share, just like they love almost any share with a high dividend yield. 

In the fundamentals section of the report, the Robo-Analyst Looks at:

• Profitability:  Revenue Growth, Gross Margin, RoE, Net Margin
• Debt: Current Ratio, Debt-to-Capital, Interest Funding, Interest Coverage
• Earnings Quality: Operating Cash Yield, Accruals, Days Sales to Inv, Days Sales in Rec.
• Dividend: Dividend Growth, Dividend Payout, Dividend Coverage, Current Div. Yield

Obviously, the importance (or relevance) of factors like Days Sales to Inv may vary across sectors, so you have to take that into account. 

Strategy Report Jan 2018: Small dip

A small market correction in a overheated market occurred shortly after I received my $20k+ for the GLP privatisation. Bought US$11k and GBP4,060 and used it to purchase shares during the small blip. 

I haven't had much practice buying shares in a downturn since Brexit, so this was an opportunity to get back into practice by starting off with purchases of small amounts. This way, when the prices get really good, I'm ready to press the order button on bigger amounts. 

Each time I buy, the price goes down further, which is something I am familiar with. I guess I am more comfortable with averaging down as opposed to averaging up. 

I also bought some Singapore spares, namely Singtel, Frasers HT and Fraser LITR.

Dividend Report: Jan 2018

Average dividends per month: Jan 2018

S$1,253.1   [2017: $408]  SCB FHT dividends were late.

£645.51        [2017: £352.21]

US$951.10    [2017: US$627.24]

A$72.21        [2017: none]

Notes:

Average dividend per month = total dividend collected / number of months in the year so far.+ and - are used to indicate whether the average monthly dividend has gone up or gone down.Vanguard quarterly dividends reported on Jan/April/Jul/Oct

2017 Performance of largest holdings

2017 Portfolio performance of the largest holdings including dividends. Measured between 3 Jan to 31 Dec. (If I used 3 Jan 2018 I could add 1% more because the stock market continued to go up on 3 Jan).

My largest holding is STI ETF. My 2nd and 3rd largest holdings, OCBC and CDL HT outperformed the STI ETF. Unfortunately, one of my previously Band 1 holdings dropped to Band 2 - CDG. 


Band 1: Big holdings
STI ETF       3 Jan $2.96  29 Dec $3.45.  +20%
OCBC          3 Jan 8.98   29 Dec  12.39.  Dividends 0.18+0.18. +42%

CDL Hospitality Trust   3 Jan 2017 - $1.30 29 Dec 2017 - $1.69 Dividends $0.056 + $0.041 +37.5% 


Band 2: Medium size holdings
First State Regional China Fund  2.9078 / 3.9863  +37.1% gain.

Comfort Delgro (dropped from band 1)  -16.7% loss

Frasers Centrepoint Trust  2.24 / 1.91  - 0.33 + 0.03+0.03+0.03+0.29  +23.5%
Ascott Residence Trust (due to rights issue and excess rights, a bit hard to calculate) 
UOB  26.45 / 20.41   - 6.04 + 0.35+0.35 = 6.74  +33%
Vanguard UK ETF  - 34.1 / 32.02  - 2.08+.2214+.36046+.44255+.3352=3.43961   +10.7% (GBP terms)
Vanguard Asia Pacific ETF 27.62/ 21.81 = 5.81+ 0.19876+0.21307+.16434+.25156=6.63773  +30.4% (US$ terms)

Band 3: Small size holdings
Too many