Dividend update: May 2017

By | May 31, 2017

Author: Mr and Mrs DDU.

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One day we want to be able to live purely off the income from our investments. The earlier this happens in our lives, the better.

How do we know if we’re getting any closer? By tracking it of course.

Our dividend updates and graphs run from 1st July to 30th June each year, lining up with the Australian tax year. So this is the 11th month of this tax year.

Dividend Update

In May we were paid the following in cash and franking credits:

  • Class (ASX:CL1) $1.89 cash and $0.81 franking credits. Total $2.70
  • Washington H. Soul Pattinson (ASX:SOL) $6.82 cash and $2.92 franking credits. Total $9.74
  • Combined $8.71 cash and $3.73 franking credits. Total $12.44

Neither of these provide dividend re-investment plans so we received the dividends as cash. We put the cash towards our next purchase.

Here is our dividend graph for the tax year so far:

We knew this was going to be a quiet month, but it was very nice to receive dividends from 2 of our new buys. Let’s compare how we did against the previous year’s month. So let’s have a look:

May 2016: $62.60

May 2017: $12.44

Decrease in dollars: $50.16

Decrease in percentage: 80%

Oh no! A gigantic decrease in % terms. As we noted in our previous month’s update, Japara changed their pay date from May to April. This really helped April’s total but hasn’t helped May. If we exclude Japara, we wouldn’t have received any dividends last May and now we received $12.44 in total from 2 companies. So that’s an improvement we reckon.

You may remember that we have a dividend goal of $622.50 for the 2017 calendar year as part of our 2017 goals, which is a 50% increase on 2016’s total. So far during 2017 we have received $335.81, things are looking good with that goal.

How was your May for dividends?

Thanks for reading this article about our investing journey Down Under.

Onwards and upwards!

22 thoughts on “Dividend update: May 2017

  1. wealth from thirty

    Actually your 3rd consecutive month of dividend income Mr & Mrs DDU…pretty cool. No dividends in my account in May but by the end of the year some will hit. Do you track your portfolio return/yield somewhere on your blog?

    Reply
    1. Buy, Hold Long

      Very nicely done to them for sure. Keep up the good work guys, this will only increase for many years to come. All the best!

      Reply
    2. Dividends Down Under Post author

      Yes, we are getting close to having every month filled with at least one dividend. June is still empty though, oh well.

      We don’t have a place on the site for portfolio return or yield, maybe one day. We are being very true to our word of sharing our journey of dividends received growth, though of course we are trying to generate a market beating return too. 🙂 We’ve had a good 2017 so far with nearly all our purchases this year up nicely and our biggest holding from before our 2017 purchases (Challenger) up very nicely too.

      But just for you, our portfolio (with franking credits) has a yield of 4.77% at the moment. We periodically look at what the yield is, but we aren’t aiming for any particular yield.

      Mr DDU

      Reply
  2. Team CF

    A quite month or not, it is great to see the perseverance you guys show. The dividends keep growing and that is all that really matters, one step at a time! Best of luck you two.

    Reply
    1. Dividends Down Under Post author

      Thanks CF 🙂 There will always be quieter months for Australians just with how the payment schedules with most Aussie companies pay. We don’t mind, it’s all about the overall annual total.

      Mr DDU

      Reply
    1. Dividends Down Under Post author

      Thanks for your support as always Amber Tree, we like beating goals and it seems as though we’re going to get there 🙂

      Mr DDU

      Reply
  3. Buy, Hold Long

    Very nicely done, shame about the decrease but that isn’t exactly your fault. It all balances out in the long run. All the best for the rest of the year.

    Reply
    1. Dividends Down Under Post author

      Thanks BHL, you’re right – nothing we can do. We’re just aiming to beat the annual total each year, a monthly decrease doesn’t really mean anything in the long run.

      Mr DDU

      Reply
  4. Graham @ Reverse The Crush

    Thanks for sharing your dividend income update! Even though the yoy growth is down, you can still look at it as progress because you’ll have more income in the end. Nice job of earning $12.44 in May. I’m planning on putting my first dividend income update together in a while in June. Admittedly, my income is a lot less than $12.44. I have a major yoy decrease to report as well. Thanks again 🙂

    Reply
  5. DivHut

    Those payout schedule changes throws a kink into all our year over year figures. As long as something rolls in it’s all good and though you could not reinvest those dividends you are able to build up some cash for future buys so the snowball continues to roll and grow. Looks like your 2017 income goal is very much on track. Thanks for sharing.

    Reply
    1. Dividends Down Under Post author

      Thanks for your support as always Keith, you’re right it’s annoying when that happens but it doesn’t change the overall goal.

      Mr DDU

      Reply
  6. Dividend Daze

    Got a few gaps there in the chart but some dividends are better than none when every little bit counts. And it’s not a decrease if it still pays in a different month. The gain is just realized in a different month. Keep making quality buys and your numbers will be hitting all the time!

    Reply
    1. Dividends Down Under Post author

      We will keep adding quality companies every month and when they pay won’t change our thoughts. We will buy when we think the time is right 🙂 Thanks for the support.

      Mr DDU

      Reply
  7. Charlie

    Don’t you love it when they change the pay dates on you? Anyway, good progress towards the annual goal! Any thoughts on adding foreign issues (or at least dual ASX listed) – or are the tax issues more complex there?

    Reply
    1. Dividends Down Under Post author

      Yeah it’s pretty annoying isn’t it? We are open to buying foreign shares, but don’t plan to do it yet. It would add a little tax complexity to our tax return, but we could handle it I’m sure.

      Mr DDU

      Reply
  8. Dividend Diplomats

    Everyone seems to be getting hit by the “decrease” that results from companies changing the months they pay dividends. Heck, I am always complaining about it in my monthly dividend article. What’s important is that you are continuing to add new dividend paying stocks to your portfolio. It was nice to see that you added two to your income this month.

    Congrats and I still see a ton of progress despite the decrease. The best is ye to come!

    Bert

    Reply
  9. Dividend Portfolio

    Good job getting $12.44 for the month. It may have represented a decrease, but that’s only due to a change in the company’s schedule. Slowly but surely wins the race. I made $2.85 in dividends in May. I’m still looking up.

    Reply

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