January Dividend Update

"Image courtesy of Master isolated images  / FreeDigitalPhotos.net".

“Image courtesy of Master isolated images / FreeDigitalPhotos.net”.

January’s dividend income once again showed an increase on last January’s income, by 8.08%. The details of my January dividends are shown in the table below.

This is a lower percentage than some recent months, but as Glaxo didn’t increase their dividend from last year and National Grid only increased by 1.5% the increase is better than it could have been. This is mainly by buying some more Glaxo shares in my ISA, but also due to dividend re-investment.

COMPANYSIPPISATOTAL                  
£œ353.65œ£97.42œ£451.07
Glaxo£œ133.00œ£53.58œ£186.58
National Gridϣ220.65ϣ43.84ϣ264.49

The difference due to re-investment can be seen as I hold National Grid in my SIPP and my ISA, so in my SIPP (where I accumulate the dividends and manually re-invest) the dividend increased by the 1.51%, whereas in my ISA the re-investment gave me an increase of 6.53%.

Once again the power of re-investment creates superior dividend increases even when the base dividend has not had a large increase.

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