Reinvesting Veteranpoolen dividend (1)

Short time between buying and first reinvestment for Veteranpoolen. It gives me a nice boost to June dividend numbers. I really need to start thinking about July and August paying dividends, those months are so far behind. Also this dividend is one of the largest dividends I've received, I hope I didn't overinvest at the top. My fear is that with central banks tightening making us going into a recession will hit companies like Veteranpoolen hard, so their dividend next year might not be as good as this year.

Stocks owned: 1,000
Dividend per stock: SEK 3.00
Dividend received: SEK 3,000.00
Reinvested number of stocks: 72

Stocks owned after reinvesting: 1,072

Effect on yearly dividend: +SEK 216.00

Reinvesting Atlas Copco dividend (7)

Reinvesting the redemption shares in Atlas Copco.

Stocks owned: 524
Dividend per stock: SEK 2.00
Dividend received: SEK 1,048.00
Reinvested number of stocks: 12

Stocks owned after reinvesting: 536

Effect on yearly dividend: +SEK 22.80

New buy Veteranpoolen

 

Bought shares in Veteranpoolen, a company that technically lets other companies hire pensioners from them. In the long run with an aging population I believe the company will grow, also people will tend to live longer as well. 

Short run might not have been optimal buying time. The stock price is around ATH. And with a recession around the corner the companies in the labour hiring industry will be some of the ones that will be hit hardest. Just look at Veteranpoolen during the pandemic, it was trading at SEK 11. With their dividend payout today that would almost be a 30% yield.

A part of the buy was due to their high dividend payout, 6%. They also aren't a very big company, just around 1bln SEK market cap. It was either buy Veteranpoolen and get the dividend payout or Boliden and I chose Veteranpoolen because of the dividend. I do think that mining companies will be a good bet going forward, almost like oil companies were two years ago. Inflation will drive commodity prices higher and ESG has made it so that no one has invested in more mining capacity. 

Number of shares bought: 1000
Price: SEK 46.92

Effect on yearly dividend: +SEK 3,000.00

Reinvesting SBB dividend (3)

Reinvesting dividend from SBB. It's not looking too good for SBB. Their debt burden is quite worrying. Now I don't think they are cooking their books but I do think that they might not be showing their true situation fully. Time will tell if it was good to reinvest the dividend or not.

Stocks owned: 1,313
Dividend per stock: SEK 0.11
Dividend received: SEK 144.43
Reinvested number of stocks: 5

Stocks owned after reinvesting: 1,318

Effect on yearly dividend: +SEK 6.60

Dividend income May 2022

I keep on breaking records, this month was the highest payout ever for me. Middle of May the portfolio wasn't looking too good but it recovered a lot in the second half luckily. I also broke the record for number of dividends received, 28.

The coming months are not the greatest as far as dividend payouts go for me. June is ok, but July and August need some work. 

On a side not I just broke the SEK 250k total lifetime dividends received mark with dividends in the start of June.

I received a total of SEK 18,085.30 in dividends in May. An increase of 56,7%. (I will just copy paste the dividends from my spreadsheet going forward, takes too much time to write them out when they are this many).

902,67 Altria
494,00 Atlas Copco
1482,50 Firefly
244,21 AT&T
143,88 SBB
604,50 Swedish Match
523,90 Biotage
40,50 Electrolux Professional
1110,52 BASF
774,79 Bayer
299,60 Activision Blizzard
675,00 Investor
150,00 TF Bank
455,00 H&M
1080,00 JLT Mobile Computers
218,00 Stille
211,12 Realty Income
1566,00 Novotek
231,11 P&G
613,26 Kinder Morgan
1161,29 Volkswagen
538,20 Unibet
2299,26 Yara
1177,50 SinterCast
566,62 SAP
223,35 Starbucks
1,46 Westinghouse Air Brake Technologies
297,06 Hugo Boss