February Dividend Update

Image courtesy of Gualberto107 / FreeDigitalPhotos.net

Image courtesy of Gualberto107 / FreeDigitalPhotos.net

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.

 

COMPANYSIPPISATOTAL
£296.60£38.37£334.97
Vodafone£176.50£38.37£214.87
United Utilities£120.10£120.10

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.

8 thoughts on “February Dividend Update

    1. Financial Independence UK Post author

      Thanks for your comment.

      February was pretty good and really happy that income is growing, particularly in my SIPP as I receive enough to make 3 to 4 share purchases each year, which of course adds to the snowball of dividends.

      Looking ahead, July and August are looking great and I should beat £5,000 for the year for the first time.

      Looking forward to your February reports, and I hope you don’t feel too bad about having to return to work tomorrow.

      Reply
    1. Financial Independence UK Post author

      Hi DH

      Welcome from Finland, and thank you for your comment.

      Your income is looking good also, I see from your portfolio that you have quite a few U.S stocks, do you buy through a local broker or have you got a U.S broker? I only ask because buying U.S shares is something I would like to, but costs through U.K brokers eat into the income (also all payments are converted to sterling so pay transaction costs for this).

      Best wishes in your journey

      Reply
      1. DividendHawk

        Hi again
        I use the local share broker in U.S. stocks. You’re right that the commissions are quite high. I pay € 15 or $ 20 per transaction. That’s why I’m trying to put together a little larger amount, before I make purchases. I have also a $ account with that broker, so all revenue and expenditure take place without a currency exchange until I change my dollars into Euros.
        DH

        Reply
    1. Financial Independence UK Post author

      Thanks for your comment and I agree, it’s great to see dividends rolling in.

      Best wishes

      Reply
  1. TalesFromTheTape

    Nice job FI UK, VOD was and still is i believe a cracking stock. Since the VZ deal, i am more inclined to think a company with lots of cash to spend ( VOD ) as opposed to being up to its eyeballs in huge debt ( VZ ) is a better way to play here – it’ll be interesting to see how it plays out.
    I am keeping my eyes on other UK ADR’s, i do like them and especially like the 0% withholding tax for USA/Canada.

    Keep up the great work.

    cheers
    T

    Reply

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