February Dividend Update

Image courtesy of jscreationzs / FreeDigitalPhotos.net

Image courtesy of jscreationzs / FreeDigitalPhotos.net

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:

COMPANYSIPPISATOTAL                  
œ£269.60œ£37.43£œ307.03
Nextϣ0.00ϣ15.00ϣ15.00
United Utilitiesœ£125.60£0.00œ£125.60
Vodafone£144.00£œ22.43£166.43

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.

2 thoughts on “February Dividend Update

    1. Financial Independence UK Post author

      DivHut

      Thanks for pointing that out, should be working OK now.

      Best Wishes
      FIUK

      Reply

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