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.
|Royal Dutch Shell||£86.10||£10.37||£96.47|
|Amec Foster Wheeler||£0.00||£64.13||£64.13|