Continuing my catch up I can now update on my February dividend income, which, for the first month since I started blogging is actually a reduction.
The reason for a decline in February is due to the reduction in the number of Vodafone shares from last year’s return of capital, without this I would have achieved an increase (and the re-invested capital from the Vodafone transaction has contributed to other dividend increases)
The actual reduction for the month is 8.34% but without the share reduction in Vodafone there would have actually been a small increase as the dividend per share on both Vodafone and United Utilities increased The details of my February dividends are shown in the table below:
February will not be my only decrease this year, as Tesco have announced that they will not be paying a final dividend in July, but it is not realistic to expect a never ending increase in dividends.
Even with the reduction, I am still committed to continuing to own shares as a means of funding my pension, as I continue to believe that they will always beat other forms of investment over the medium to long term.