May, June & July Dividend Update

Image courtesy of Gualberto107 / FreeDigitalPhotos.net

Image courtesy of Gualberto107 / FreeDigitalPhotos.net

As I missed out on posting for a couple of months, I thought I should update my dividend income to include the missing months. I am therefore going to cover May, June and July in this post.

My performance in these months can be summed up as two steps forward and one step back. May and June showed reasonable increases of 22% and 11% respectively, but then July brought me back down to earth with the payment being less than half the amount in 2014. This huge drop was due to Tesco not paying a full year dividend (every little helps as they say!).

I have to say that despite the hit from the Tesco holding I am not de-motivated as the trend is still upwards, and even with a £337 hit compared to last year from Tesco, I will still show an increase in both my SIPP and ISA. Achieving an increase in my SIPP is particularly rewarding, as I haven’t actually paid any more money into this account, but just re-invested the dividends.

One of the big standouts is Next, which I bought on the basis that the dividends would start off low, but grow by a reasonable amount each year, when in fact I have already received a dividend yield of just under 4%. This is due to them paying special dividends instead of buying back shares, but it’s a real pleasant surprise (and they have announced another special dividend so the percentage will be even higher by the end of the year!).

The tables below show the specific dividend income for each month and I have updated the table on my Dividends page.

May

COMPANYSIPPISATOTAL
£306.25£61.37£367.62
Aviva£306.25£43.37£349.62
Next£0.00£18.00£18.00

June

COMPANYSIPPISATOTAL
£386.97£164.84£551.81
BAE Systems£184.50£86.10£270.60
Barclays£21.54£0.00£21.54
BP£45.71£0.00£45.71
Royal Dutch Shell£86.10£10.37£96.47
Unilever£49.05£27.90£76.95
Interest£0.07£0.10£0.17

July

COMPANYSIPPISATOTAL
£133.00£118.85£251.85
Amec Foster Wheeler£0.00£64.13£64.13
Glaxo£133.00£54.72£21.54

4 thoughts on “May, June & July Dividend Update

  1. Dividend Drive

    Nice looking figures there, FIUK!

    The Tesco issue is unfortunate. I got hit by that as well, sadly (though Tesco is a much smaller position in my portfolio).

    However, I am happy to hang on to them. Long-term, their dominant market position should allow them to get back on track (though I suspect they will settle on a new normal, lower market share).

    I am quite keen to add BAE to my portfolio at some point. They look pretty attractive at the current price. However, I am probably looking to wait until they are closer to the 400p mark before opening a position. But we will see!

    Keep up the good work!

    Reply
    1. Financial Independence UK Post author

      Thanks for your comment DD

      Like you, I am happy to hold my Tesco shares, but would like them to start paying a dividend again next year.

      Between my SIPP and my ISA I have enough BAE for now so won’t be adding to my position in the near future, but still think they are a good buy due to the cutbacks in defence spending probably having gone as far as they are going.

      Best Wishes
      FIUK

      Reply
  2. DivHut

    Thanks for the update. You have some pretty impressive results coming in from your portfolio. I see we have Unilever in common. Keep building that dividend snowball.

    Reply
    1. Financial Independence UK Post author

      Hi DivHut

      Good to see others invested in Unilever, I think their prospects for the future are great and could really grow in the developing economies.

      Best Wishes
      FIUK

      Reply

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