Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to Haoma,Gilgongo,Raasu,Wasron,Steffers0, for Donating to support the site

lack of dividends

Practical discussions about equity High-Yield Portfolios (HYP) for income
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
Arborbridge
Lemon Quarter
Posts: 3679
Joined: November 4th, 2016, 9:33 am
Has thanked: 722 times
Been thanked: 1160 times

lack of dividends

#205003

Postby Arborbridge » March 2nd, 2019, 11:18 am

Apropos of nothing much, on a dull day for news: I noticed entering up the month's dividends that I haven't had one HYP share payout since the 8th February, which was BLND. A drought, but thankfully relieved by some ITs and OEICs paying out. Even so, my "take" is up on last year thanks to those funds.

Of course, it doesn't matter in the long run - in fact it's probably better to have less work to do than more!

Arb.

Itsallaguess
Lemon Quarter
Posts: 4152
Joined: November 4th, 2016, 1:16 pm
Has thanked: 1497 times
Been thanked: 2635 times

Re: lack of dividends

#205005

Postby Itsallaguess » March 2nd, 2019, 11:27 am

Arborbridge wrote:
Even so, my "take" is up on last year thanks to those funds.


A bit barren on the single-company payouts as well Arb, although my other OT income-generating holdings have dripped some funds in over the same period after just taking a quick look.

On your specific point about being 'up on last year', as well as keeping track of my 'Forecast Income' figures over the years, and seeing how they eventually play out, I also keep track of a 'rolling 12-month' income figure, and this is actually the most pleasing statistic that I track on my income portfolio, as it's generally always seen to be 'tracking and chasing' that larger 'Forecast income' figure that's obviously looking a full year ahead rather than the close real-life time-scale.

As I slowly work my way towards what will hopefully be an opportunity to tweak my work/life balance at some future point in time, I think these types of income-tracking statistics are a really useful guide as to when and how I might be able to go about that, and they really help to keep me motivated on both the work and the investment fronts that I hope to maintain in the medium term....

Cheers,

Itsallaguess

tjh290633
Lemon Quarter
Posts: 3860
Joined: November 4th, 2016, 11:20 am
Has thanked: 258 times
Been thanked: 1334 times

Re: lack of dividends

#205006

Postby tjh290633 » March 2nd, 2019, 11:28 am

I can't say the same. Several dividends rolled in in February and more to come in March. I'll get on my PC and see whence they came.

TJH

Arborbridge
Lemon Quarter
Posts: 3679
Joined: November 4th, 2016, 9:33 am
Has thanked: 722 times
Been thanked: 1160 times

Re: lack of dividends

#205013

Postby Arborbridge » March 2nd, 2019, 11:56 am

tjh290633 wrote:I can't say the same. Several dividends rolled in in February and more to come in March. I'll get on my PC and see whence they came.

TJH


Like mine, they probably rolled in early in Feb:

UU
VOD
BT
BAT
BLND

were paid up till the 8th, then nothing.

Arb.

Arborbridge
Lemon Quarter
Posts: 3679
Joined: November 4th, 2016, 9:33 am
Has thanked: 722 times
Been thanked: 1160 times

Re: lack of dividends

#205014

Postby Arborbridge » March 2nd, 2019, 12:00 pm

Itsallaguess wrote:
As I slowly work my way towards what will hopefully be an opportunity to tweak my work/life balance at some future point in time, I think these types of income-tracking statistics are a really useful guide as to when and how I might be able to go about that, and they really help to keep me motivated on both the work and the investment fronts that I hope to maintain in the medium term....

Cheers,

Itsallaguess


I hope you can join the life no work club before long. Actually, that isn't quite true if you take into account my remaining BTLs which provide some good income and certainly are work - though thankfully not too much. Even so, I look forward to selling them over the coming years to get rid of what little hassle there is.

Arb.

OLTB
Lemon Quarter
Posts: 1050
Joined: November 4th, 2016, 9:55 am
Has thanked: 901 times
Been thanked: 375 times

Re: lack of dividends

#205015

Postby OLTB » March 2nd, 2019, 12:06 pm

Arborbridge wrote:Apropos of nothing much, on a dull day for news: I noticed entering up the month's dividends that I haven't had one HYP share payout since the 8th February, which was BLND. A drought, but thankfully relieved by some ITs and OEICs paying out. Even so, my "take" is up on last year thanks to those funds.

Of course, it doesn't matter in the long run - in fact it's probably better to have less work to do than more!

Arb.


It might be for-TUI-tous if you invested in a holiday/leisure business (pay date 26th Feb), or indeed it would be IGG-stremely useful for an investment in a financial trading business (pay date 28th Feb) :)

Cheers, OLTB.

tjh290633
Lemon Quarter
Posts: 3860
Joined: November 4th, 2016, 11:20 am
Has thanked: 258 times
Been thanked: 1334 times

Re: lack of dividends

#205020

Postby tjh290633 » March 2nd, 2019, 12:21 pm

Arborbridge wrote:
tjh290633 wrote:I can't say the same. Several dividends rolled in in February and more to come in March. I'll get on my PC and see whence they came.

TJH


Like mine, they probably rolled in early in Feb:

UU
VOD
BT
BAT
BLND

were paid up till the 8th, then nothing.

Arb.

This is my list:

01-Feb-18 United Utilities plc
01-Feb-18 Vodafone Group plc
04-Feb-18 British Telecom plc
08-Feb-18 British American Tobacco plc
08-Feb-18 British Land Co plc (PID)
26-Feb-18 Compass Group plc

So I had one extra. March looks better:

16-Mar-18 Scottish & Southern Energy plc
20-Mar-18 Unilever plc
25-Mar-18 Royal Dutch Shell Petroleum B
26-Mar-18 BHP Billiton plc
27-Mar-18 AstraZeneca plc
29-Mar-18 BP plc
29-Mar-18 Imperial Brands plc
05-Apr-18 South32 Ltd


TJH

Dod101
Lemon Quarter
Posts: 4258
Joined: October 10th, 2017, 11:33 am
Has thanked: 839 times
Been thanked: 1546 times

Re: lack of dividends

#205031

Postby Dod101 » March 2nd, 2019, 12:57 pm

Arborbridge wrote:Apropos of nothing much, on a dull day for news:


This quote was dated 2 March 2019. A Saturday so it is not really surprising that it is a dull day for news, However, like Arb, dividends have been a bit thin in the last month or so. Might even be glad of my cash reserves.

Dod

Arborbridge
Lemon Quarter
Posts: 3679
Joined: November 4th, 2016, 9:33 am
Has thanked: 722 times
Been thanked: 1160 times

Re: lack of dividends

#205045

Postby Arborbridge » March 2nd, 2019, 1:27 pm

Dod101 wrote:
Arborbridge wrote:Apropos of nothing much, on a dull day for news:


This quote was dated 2 March 2019. A Saturday so it is not really surprising that it is a dull day for news, However, like Arb, dividends have been a bit thin in the last month or so. Might even be glad of my cash reserves.

Dod


You're sounding ever so superior again, without meaning to I suspect 8-) News does not have to be business news, it can be personal news about our investments, can't it?

However, I guess what I really meant what there isn't much conversation here, so I thought I would fill in the silence.

Arborbridge
Lemon Quarter
Posts: 3679
Joined: November 4th, 2016, 9:33 am
Has thanked: 722 times
Been thanked: 1160 times

Re: lack of dividends

#205049

Postby Arborbridge » March 2nd, 2019, 1:34 pm

OLTB wrote:
It might be for-TUI-tous if you invested in a holiday/leisure business (pay date 26th Feb), or indeed it would be IGG-stremely useful for an investment in a financial trading business (pay date 28th Feb) :)

Cheers, OLTB.


I have IGG, but the payment wasn't showing on the day. Thanks for reminding me as I've just checked and it is there now - dated 28th Feb. So, happy day! That makes the month even better, though still a gap between 8th and 28th.

I have nine ITs and OEICS on the 28th.

Arb.

monabri
Lemon Quarter
Posts: 3189
Joined: January 7th, 2017, 9:56 am
Has thanked: 341 times
Been thanked: 869 times

Re: lack of dividends

#205051

Postby monabri » March 2nd, 2019, 1:36 pm

Just the three for me...BLND, PHP and a new entrant...Tui (the infamous falling knife trick...).

Anyway, it's not about the number of dividends, it's about the number of £ in the dividends ;)

(Other investment vehicles were more plentiful in number but "OT")

idpickering
Lemon Quarter
Posts: 4790
Joined: November 4th, 2016, 5:04 pm
Has thanked: 697 times
Been thanked: 1582 times

Re: lack of dividends

#205063

Postby idpickering » March 2nd, 2019, 2:41 pm

For me, dates of dividend payments in February;

01/02/2019	UU.
01/02/2019 VOD
04/02/2019 BT.A
07/02/2019 BATS
08/02/2019 BLND

Ian.

Walrus
Lemon Slice
Posts: 255
Joined: March 21st, 2018, 12:32 pm
Has thanked: 52 times
Been thanked: 93 times

Re: lack of dividends

#205066

Postby Walrus » March 2nd, 2019, 2:54 pm

Arborbridge wrote:
Dod101 wrote:
Arborbridge wrote:Apropos of nothing much, on a dull day for news:


This quote was dated 2 March 2019. A Saturday so it is not really surprising that it is a dull day for news, However, like Arb, dividends have been a bit thin in the last month or so. Might even be glad of my cash reserves.

Dod


You're sounding ever so superior again, without meaning to I suspect 8-) News does not have to be business news, it can be personal news about our investments, can't it?

However, I guess what I really meant what there isn't much conversation here, so I thought I would fill in the silence.


Agreed, all feels a bit tumbleweed in these parts. I have my thoughts on why but that's OT.

Dod101
Lemon Quarter
Posts: 4258
Joined: October 10th, 2017, 11:33 am
Has thanked: 839 times
Been thanked: 1546 times

Re: lack of dividends

#205108

Postby Dod101 » March 2nd, 2019, 8:42 pm

Arborbridge wrote:[You're sounding ever so superior again, without meaning to I suspect 8-) News does not have to be business news, it can be personal news about our investments, can't it?

However, I guess what I really meant what there isn't much conversation here, so I thought I would fill in the silence.


I am sorry if I sounded superior, it just seemed like a strange thing to say :cry: I assure you I have nothing to be superior about. I am most unlikely to ever attend a TLF social evening but sometimes I think it would be helpful to meet face to face so as to have a better idea of how digital comments are likely to be read.

Dod

idpickering
Lemon Quarter
Posts: 4790
Joined: November 4th, 2016, 5:04 pm
Has thanked: 697 times
Been thanked: 1582 times

Re: lack of dividends

#205142

Postby idpickering » March 3rd, 2019, 5:25 am

Walrus wrote:
Agreed, all feels a bit tumbleweed in these parts. I have my thoughts on why but that's OT.


Being a supposedly hands off investing strategy, I’m surprised we find so much to talk about. Maybe that’s how it should be. Less is more.

Ian.

Walrus
Lemon Slice
Posts: 255
Joined: March 21st, 2018, 12:32 pm
Has thanked: 52 times
Been thanked: 93 times

Re: lack of dividends

#205149

Postby Walrus » March 3rd, 2019, 8:15 am

idpickering wrote:
Walrus wrote:
Agreed, all feels a bit tumbleweed in these parts. I have my thoughts on why but that's OT.


Being a supposedly hands off investing strategy, I’m surprised we find so much to talk about. Maybe that’s how it should be. Less is more.

Ian.


Agreed, not as interesting though :) Though I do have more time to do other stuff!!!!

idpickering
Lemon Quarter
Posts: 4790
Joined: November 4th, 2016, 5:04 pm
Has thanked: 697 times
Been thanked: 1582 times

Re: lack of dividends

#205159

Postby idpickering » March 3rd, 2019, 10:05 am

Walrus wrote:
Agreed, not as interesting though :) Though I do have more time to do other stuff!!!!


Likewise, agreed. A beautiful day up here in Orkney, though windy. Lots to do in the garden.

Back on track for this thread though, here's my dividends expected in March;

15/03/2019	SSE
20/03/2019 ULVR
25/03/2019 RDSB
26/03/2019 BHP
27/03/2019 AZN
29/03/2019 IMB
29/03/2019 BP.
29/03/2019 PSN


So a more fruitful month. Those months that are less fruitful don't bother me

Ian.

88V8
Lemon Slice
Posts: 594
Joined: November 4th, 2016, 11:22 am
Has thanked: 66 times
Been thanked: 105 times

Re: lack of dividends

#205171

Postby 88V8 » March 3rd, 2019, 10:57 am

I recall a thread or three on TMF about the lumpiness of divis. If we depended on our HYP then I'd have to do something about it, as some months are verrrry slow.
Quarter-wise we're roughly 16% / 30% / 23% / 33%.

Quarterly payers are nice.
We have NRR, IMB, BATS, BRCI, RDSB, BP, GSK, BLND, plus RUSC, RUSP, DNA2, which are not discussable hereabouts.

V8

idpickering
Lemon Quarter
Posts: 4790
Joined: November 4th, 2016, 5:04 pm
Has thanked: 697 times
Been thanked: 1582 times

Re: lack of dividends

#205172

Postby idpickering » March 3rd, 2019, 11:05 am

88V8 wrote:I recall a thread or three on TMF about the lumpiness of divis. If we depended on our HYP then I'd have to do something about it, as some months are verrrry slow.
Quarter-wise we're roughly 16% / 30% / 23% / 33%.

Quarterly payers are nice.
We have NRR, IMB, BATS, BRCI, RDSB, BP, GSK, BLND, plus RUSC, RUSP, DNA2, which are not discussable hereabouts.

V8


Although currently dividends received are held in my account in cash before I invest that money every month, if we were spending the dividends instead I like to think of the overall annual amount of dividends. Simply divide that by 12 to give you the average monthly available spending money. Easy to say in theory I know. Is anyone doing such a thing here?

Ian.

Itsallaguess
Lemon Quarter
Posts: 4152
Joined: November 4th, 2016, 1:16 pm
Has thanked: 1497 times
Been thanked: 2635 times

Re: lack of dividends

#205175

Postby Itsallaguess » March 3rd, 2019, 11:14 am

88V8 wrote:
I recall a thread or three on TMF about the lumpiness of divis. If we depended on our HYP then I'd have to do something about it, as some months are verrrry slow.

Quarter-wise we're roughly 16% / 30% / 23% / 33%.

Quarterly payers are nice.

We have NRR, IMB, BATS, BRCI, RDSB, BP, GSK, BLND, plus RUSC, RUSP, DNA2, which are not discussable hereabouts.


The general idea that's put forward during these types of 'dividend-lumpiness' discussions is to have a separate 'holding account', which all dividends are paid into, and then we allow a capital buffer to build up inside that 'holding account'.

At some point, when the 'holding account' capital buffer is large enough (this can also be used as a safety-net buffer to cater for dividend-cuts etc...), you can then start to pay out a standard monthly payment from that 'holding account' into what might be your main bank-account - in a similar way as we generally see a monthly 'pay packet' amount paid into our accounts whilst we're working.

The idea is that over a 12-month period, the 12xmultiple that you pay out of the holding account is replenished inside the holding account by the portfolio dividend payments, with no real concern over when those payments are actually made to the holding account - so long as the expected dividends are received over a 12-month period, and there's a suitable buffer to cater for unexpected events, then everything should work really smoothly and we should simply see our 'dividend wage' appear every month into our main bank accounts....

Doing it this way, we don't worry at all about 'dividend lumpiness', and we certainly don't then have to start thinking of hunting down particular investments that might pay out dividends in an otherwise 'barren month', or quarterly, or anything like that - doing so would be using such a feature of an investment in absolutely the wrong way, and payout dates should carry almost zero importance in our investment decisions...there are far more important metrics to consider....

I don't think anyone should place any prominence at all on dividend payment dates - after all, we've no control over them, and companies often change the dates and payout configurations themselves, so why should they seriously matter?

Cheers,

Itsallaguess


Return to “High Yield Portfolios (HYP) - Practical”

Who is online

Users browsing this forum: No registered users and 8 guests