At the end of this year, I gave myself a target of pocketing $1100 of dividend. After the last wave of results for all my companies, I have collated the dividends received and in 2017, I have received a total of $1083.87. A little shy of the $1100 target!
Achieving this target was not easy in 2017 as one of my core holdings, Singapore Post, decided to peg dividend payout to earnings rather than a fixed rate. SingPost paid out $0.065 of dividend in 2016 compared to $0.020 in 2017. I patched this hole mainly by deploying more capital this year and scoring a buy in Silverlake Axis. Silverlake Axis has its best dividend yield for years due to its divestment of GIT, with a $0.048 payout or 8.18% according to StocksCafe. Myself, I reaped a 7.19% dividend yield as I missed the first payout this year.
Other notable stock was Karin Tech where it distributed 10.28% of dividend. I have absolutely no idea how they maintain this level of dividend till today, but it is still serving me well despite many years of skepticism.
All said and done, I am satisfied getting more dividends this year and all this was to ensure that I can increase my dividend gradually and eventually able to reap enough passive income to be financially independent. You should starting working on yours too!
Thanks for sharing the blog, seems to be interesting and informative too. Can you suggest some of the interesting places to visit for buy insurance online
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