As it is now the beginning of March, it’s time to update my dividend performance for February.
The table below shows the dividend payments received during the month, which totalled £334.97. This is actually a decrease of £45.35 from the £380.32 received in February 2013.
The decrease is due to having sold some United Utilities shares after I had received last February’s dividends. The payments in Vodafone have increased due to the dividend increasing from 3.27p to 3.53p (7.95%) but on my ISA, the payment increased from £33.78 to £38.37 (13.59%), this higher increase is due to the automatic re-investment of the dividends throughout the last year, which bought 54 additional shares and therefore received the dividends on those 54 shares this year.
As explained in an earlier post, I automatically re-invest in my ISA as the total amount of dividends on this account would take two years to build up to a value that would buy more shares cost effectively, I don’t automatically re-invest in my SIPP as I can cost effectively buy more shares three times a year.