Dividends for Jul 2024 - Towards 5k a month

Here are my dividends for Jul 2024:

So I collected $3,617.16 in dividends for this month.

 
In case you are wondering, some stocks are repeated because I have 2 brokerage accounts.

Here are my monthly dividends over the last 6 years:

                                 

July is the month where things are starting to ramp up, with a peak harvest in August. 

Here are the dividends I collected every year until the current day

                            

Interestingly, in 2 years, I have already surpassed my total yearly dividends in 2022. 

For the year 2024, my average monthly dividends per month is now $2,490.58. 

Here is the progress of my average monthly dividends over the years:

                                 

I plan to first receive $2500 (almost there!), then finally $5000 in dividends every month on average.

Additionally, I share the interest I received from the various banks for the deposits in this month:

So I collected $578.71 in interest payments this month. This is the largest interest I have received thus far. 

It was achieved with a bit of fine-tuning:

https://financeopti.blogspot.com/2024/07/financial-fine-turning-unlocking-my.html

Onwards!   

 

 

Dividends for Jun 2024 - Towards 5k a month

Here are my dividends for Jun 2024:

                                    

So I collected $1,306.87 in dividends for this month.

 
In case you are wondering, some stocks are repeated because I have 2 brokerage accounts.

Here are my monthly dividends over the last 6 years:

                               

June is a slow month typically.

The next few months are typically the months where I collect the highest dividends, all the way till Sep.

Here are the dividends I collected every year until the current day

                            

Interestingly, in 3 years, I have already surpassed my total yearly dividends in 2021. 

For the year 2024, my average monthly dividends per month is now $2,291.02. 

Here is the progress of my average monthly dividends over the years:

I plan to first receive $2500, then finally $5000 in dividends every month on average.

Additionally, I share the interest I received from the various banks for the deposits in this month:

                            

So I collected $518.37 in interest payments this month.

There will be a change in strategy for my deposits starting from July onwards. Will do a post on it soon. Stay tuned!

Onwards!   

 

Hunting for Dividend Aristocrats in the Singapore Market

If you trade the US market, you may have heard of the term 'S&P500 Dividend Aristocrats'.

Dividend aristocrats are a group of companies that have consistently increased their dividends for at least 25 consecutive years. They are a subset of dividend-paying stocks, which are companies that pay out a portion of their profits to shareholders in the form of dividends.

To qualify as a dividend aristocrat, a company must meet the following criteria:

• Be a member of the S&P 500 index.
• Have increased its dividend for at least 25 consecutive years.
• Have a market capitalization of at least $3 billion.
• Have an average daily trading volume of at least $5 million.

Dividend aristocrats are generally considered to be safe, long-term investments. They have a history of increasing their dividends, even during difficult economic times. This makes them a good option for investors who are looking for income from their investments.

I wonder if there were any companies listed on the Singapore Stock Exchange that managed to increase their dividends for the last 10 years.

I couldn't find any that increased its dividends for the last 10 years, but I did find some companies that did not decrease their dividends (ie. they maintained the same dividend as the previous year).

Here they are:

HKLand 

HKLand has maintained its dividends at $0.22 for the last 5 years. It has not reduced its dividends, but there is no increase either!

The growth in EPS, however, is not good. There were negative EPS in 2021 and 2020.

On average, over the last 10 years, the EPS growth is -115.9%, and the dividend growth is +2.67%.

Micromechanics 

Micromechanics also managed not to decrease its dividends in the last 10 years. 

The growth in EPS looks quite decent too. 2019 was the only year where EPS decreased from the previous year. 

On average, over the last 10 years, the EPS growth is +19.0%, and the dividend growth is +18.2%.

Raffles Medical Group

RMG had a bump in dividends in 2022. It also managed not to decrease its dividends in the last 10 years.

The growth in EPS looks decent, with a decrease in EPS only for 2018 and 2019.

On average, over the last 10 years, the EPS growth is +10.1%, and the dividend growth is +10.0%.

SGX

SGX also managed not to decrease its dividends in the last 10 years.

The growth in EPS is smaller than Micromechanics and RMG though, but hard to compare since they are different industries. There was a decrease in EPS for 2014 and 2021.

On average, over the last 10 years, the EPS growth is +4.7%, and the dividend growth is +1.7%.

Hope this helps you in your trading journey. 

Dividends for Jun 2023 [Financial Independence]

Here are my dividends for Jun 2023:

So I collected $1,179.34 in dividends for Jun 2023. 

In case you are wondering, some stocks are repeated because I have 2 brokerage accounts. 

Here are my monthly dividends over the last 5 years:

Here are the dividends I collected every year until the current day:

Also, I calculated I received $427.62 in deposit interest this month (SC Bonussaver Card Spend interest 1.3% + Trust Bank interest 2% + CIMB Fastsaver interest 1.5% + Wealthfront 4.55% + GXS 3.48%).

Onwards!

Dividends for May 2023 [Financial Independence]

 Here are my dividends for May 2023:

So I collected $1471.65 in dividends for May 2023. 

In case you are wondering, some stocks are repeated because I have 2 brokerage accounts. 

Here are my monthly dividends over the last 5 years:

Here are the dividends I collected every year until the current day:

Also, I calculated I received $504.99 in deposit interest this month (SC Bonussaver Salary interest 2.5% + Card Spend interest 1.3% + Trust Bank interest 2% + CIMB Fastsaver interest 1.5%).

Onwards!

Dividends for Apr 2023 [Financial Independence]

Here are my dividends for Apr 2023:

So I collected $784.79 in dividends for Apr 2023. 

In case you are wondering, some stocks are repeated because I have 2 brokerage accounts. 

Here are my monthly dividends over the last 5 years:

Here are the dividends I collected every year until the current day:

Onwards!

Dividends for Feb 2023 [Financial Independence]

 Here are my dividends for Feb 2023:

So I collected $722.25 in dividends for Feb 2023. 

In case you are wondering, some stocks are repeated because I have 2 brokerage accounts. 

Here are my monthly dividends over the last 5 years:

Here are the dividends I collected every year until the current day:

Let me know if anything else you want to know about my dividends?

Onwards!

Taking Stock of my Financial Independence 3.0 Journey

I achieved FI (Financial Independence) 2.0 in Jun 2021.

I have been aiming for FI 3.0 since Dec 2021 (see this post: http://financeopti.blogspot.com/2021/12/revisiting-my-fi-fi30.html).

As per usual during this period of the year, now is the time to take stock of my FI 3.0 journey and see how I stand. 

Firstly, a recap of what is FI 3.0. It has a few buffers baked in:

• CPF is not included in the Starting Balance - this is the first buffer
• Withdrawal rate is reduced from 4% to 3% - this is the second buffer
• Certain expenses are assumed to last till perpetuity, even if it may not be the case. An example is childrens' pocket money. 

This is where I am now:

Based on my tracking of daily expenses in 2022, I also made a few adjustments:

• Personal spending is increased from $50 to $100 a month
• Travel spending is increased from $50 to $100 a month
• Eating out spending is increased from $600 to $650 a month
• I have also increased the spending for CNY Ang Bao based on previous experience

With the above considerations, I re-calculated my FI, and found that I will need 1.5 million to achieve FI 3.0. I have 0.62 more months to go to achieve FI 3.0:

I'm excited! Have to be really careful with my spending and money now! It is close!

Dividends for Jan 2023 [Financial Independence]

 Here are my dividends for Jan 2023:

So I collected $2644.74 in dividends for Jan 2023. 

In case you are wondering, some stocks are repeated because I have 2 brokerage accounts. 

Here are my monthly dividends over the last 5 years:

Here are the dividends I collected every year until the current day:

Let me know if anything else you want to know about my dividends?

Onwards!