2016 HYP Review

[StepOne]

Hi All,

This is a follow up on my post on the Fool last year, updating on the progress of a standalone HYP I bought during 2013. Previous update is here ; http://boards.fool.co.uk/2015-dividend- ... 86554.aspx

Assuming BP's dividend arrives this week as planned then the total income for the 2016 will be £2,949, which is up 2.4% on 2015. This seems a reasonable outcome with inflation where it is.

I've had 2 cutters this year - BHP Billiton income was down 74%, and Sainsbury's fell by 8%. For Sainsbury that was the second year in a row income fell (it dropped by 24% in 2015) and at the moment the forecasts are showing that it will be down again next year.

Big increases came from the foreign earners - BP, HSBC, and Unilever. There was a special from Glaxo as well, all of which helped to nicely offset the cuts.

In capital terms, things are pretty steady. Total purchase cost in 2013 was £61,361. Current value is £60,750, so about 1% down over those 3 years. Dividends are being removed from this portfolio, not re-invested, so the capital performance is acceptable, although ideally I would want to see this climbing in time.

Will report again this time next year.
Cheers,
StepOne

[Breelander]

Previous update is here ; http://boards.fool.co.uk/2015-dividend- ... 86554.aspx

...and has been preserved in the Wayback machine's archive since Oct. 2015, apparently....
https://web.archive.org/web/20151031223 ... 86554.aspx