Dividend income December 2023

The year 2023 ended with a big rally in stocks. This has been one of my better years, my portfolio was up 19.10% this year and is now at a new ATH. I am a bit worried for 2024, recession should be looming around the corner. I am also a bit worried that such a large portion of my profits come from Nvidia. I will of course keep my holdings but I see they won't have such a stellar year next year, but who knows, maybe it will be another banger.

It has also been another record year for my dividends. At the beginning of last year I predicted that I would receive 100k in dividends. I managed to beat that and got roughly 107k. I beat the monthly records in ten out of twelve months and also beat the overall monthly record from last year. I had some lucky bonus dividends that will make it hard to beat the January record for a while. But with USD down to around SEK 10 I might be able to start buying US stocks again soon. Then I can start to boost some of the less dividend heavy months like January, February, July and August.

For next year my dividend goal will be to receive 125k in dividends. It's quite a high goal again, but with 6% dividend growth and 12k from new buys I believe it to be possible. There are some bonus dividends that will draw down the overall next year, like Volkswagen, Thomson Reuters and Yara. But hopefully there will be a few surprises in store for next year as well. One I have already seen, a small one but still, and that is that Disney will start to pay out dividend again, so that will give me a small boost to January and August. I also think companies like Firefly that have had such an amazing year will see a large increase in dividend growth next year, at least I hope so.

I received a total of SEK 4,433.83 in dividends in December. A decrease of 17.5% compared to last year, mostly due to Yara paying out a bonus dividend in December last year.

For the full year I received 182 dividends totalling SEK 107,253.72 an increase of 28.1% compared to 2022.

Reinvested dividends effect on yearly dividend: SEK 14.28 and for the whole of 2023 the reinvested dividend yearly effect is SEK 3,359.87. That is more than I received in dividends for the whole year when I started!

6 Lundin Mining shares: SEK 14.28

102,86	Intel
258,01	Pfizer
369,37	Johnson & Johnson
202,26	Unilever
198,14	Autoliv
535,89	Chevron
265,79	3M
530,75	Lundin Mining
380,24	Prudential Financial
293,33	Microsoft
13,85	Wk Kellogg Co
221,58	Realty Income
332,46	McDonald's
193,89	Kellogg
246,86	Coca-Cola
254,47	Thomson Reuters
34,08	Nvidia

Dividend income November 2023

Big rally in November for markets. Inflation is coming down and central banks are pausing their rate hikes. It feels like the market might have gotten a bit ahead of itself and we could see a downturn soon. It was a good month for my portfolio, only downside was SEK rallied hard in November, which meant I lost a lot of money on my US stocks. It was a good hedge in the downturn last year but now it acts the other way around, limiting my gains. I think it might be as well since it makes my portfolio less volatile.

On the dividend side things are not looking as good. This was the first month this year that I didn't break the monthly dividend record, that record still belongs to November 2021, which was inflated by a lot of paused dividends being paid out then. December is sadly not looking great either in dividend increase. Another downside to the stronger SEK is that my dividend amounts go down.

I received a total of SEK 4,764.65 in dividends in November. A decrease of -13.6% compared to last year. Not good at all. Time to look at November dividend payouts.

Reinvested dividends effect on yearly dividend: SEK 185.20

1 AT&T share: SEK 9.40
20 Svedbergs shares: SEK 30.00
2 NCC shares: SEK 12.00
1 Investor share: SEK 4.40
3 H&M shares: SEK 19.50
13 SinterCast shares: SEK 71.50
4 Kinder Morgan shares: SEK 38.40

293,50	AT&T
586,50	Svedbergs
273,00	NCC
256,30	Investor
1386,00	SinterCast
490,75	H&M
228,78	Realty Income
714,47	Kinder Morgan
252,20	P&G
3,49	GE Healthcare Technologies
278,15	Starbucks
1,51	Westinghouse Air Brake Technologies

Dividend income October 2023

October was another downward month for me, higher for longer seemed to have been the general modus operandi. Also the Israel - Hamas conflict did not help the markets. I do not believe the conflict will escalate into a greater war in the region, I do not believe it would lead to a good outcome for anyone involved.

While the portfolio keeps under performing, dividends keep rolling in and setting new records. But unfortunately all good things must come to an end and it is looking like November and December will not reach up to the same amount I saw last year. Some part is shift in dividend and some cancelled dividends. Also Yara that had an extra dividend last year will not pay out a bonus dividend this December.

Speaking of Yara, I more than doubled my holdings this month. I have been looking to buy more Yara since early summer and now finally after their report the price came down to a point I felt ok with. I believe Yara will still profit from rising commodity prices in the long run and will continue to pay out very nice dividends in the comming years. It will probably take some time for them to get back to 2023 levels again but sooner or later I believe that will happen. When calculating the effect on yearly dividend from this buy I will use a lower dividend rate from 2021 of NOK 20. I think we will see a dividend from NOK 20-30 next year from Yara, if commodity prices stay where they are.

I received a total of SEK 6,036.97 in dividends in October. A modest increase of 1.45% compared to last year. I really need to start working on Febuary, August and November dividends!

Reinvested dividends effect on yearly dividend: SEK 227.18

9 Husqvarna shares: SEK 27.00
2 Altria shares: SEK 66.50
1 W.P. Carey share: SEK 36.40
5 Atlas Copco shares: SEK 11.50
7 Kindred shares: SEK 31.58
3 Epiroc shares: SEK 10.20
22 Telia shares: SEK 44.00

New buys effect on yearly dividend: SEK 2,340.00

156 Yara shares: SEK 2,340.00

267,85	Coca-Cola
786,00	Husqvarna
1194,21	Altria
237,70	Realty Income
793,67	WP Carey
9,26	Orion Office Reit
381,44	Johnson Controls
627,90	Atlas Copco
31,09	GE
635,25	Unibet
557,60	Epiroc
515,00	Telia

Dividend income September 2023

The tides have turned from earlier this year where the market was climbing higher each month. September was a significant draw down for me. Not only did stocks go down but in late September the SEK has rallied a lot. Even if it affects my portfolio negatively I want to se USDSEK lower so that I can finally start buying new US stocks again. 

Rates have risen in September as CB's are all signaling higher for longer and some are still going to hike rates. Inflation seems to be coming down a bit however so that might change things. 

In terms of dividends it's a more positive note than the markets as I beat the record from previous September.

I received a total of SEK 7,038.09 in dividends in September. An increase of 11.9% compared to last year.

Reinvested dividends and effect on yearly dividend: SEK 84.08

1 AstraZeneca share: SEK 30.33
6 Lundin Mining shares: SEK 13.00
5 Axfood shares: SEK 40.75

220,24	Unilever
108,75	Intel
274,24	Pfizer
263,13	Wal Mart
392,06	Johnson & Johnson
1070,04	AstraZeneca
569,20	Chevron
283,13	3M
562,18	Lundin Mining
413,98	Prudential Financial
289,54	Microsoft
242,86	Realty Income
228,13	Kellogg
329,90	McDonald's
206,26	Autoliv
275,47	Thomson Reuters
1272,00	Axfood
36,98	Nvidia

Dividend income August 2023

August has passed and I have already passed the total amount of dividends received last year, and there's still four more months to go this year. I will 100% reach my goal for the year of 100k dividends received. I read through my December 2022 post and I thought there would be a recession and a lot of dividend cuts. So far that has not been the case, except for in the building and real estate sector in Sweden.

August was the first time this year that I had a negative month performance wise. Most of it actually comes from Swedish stocks going down. This was countered by Nvidia continuing to go up. I feel my portfolio is very heavy weighted in that stock now and I would not be surprised if there will be a correction that will hit my portfolio quite hard. Their last report showed they are still crushing it though.

In regards to dividends it's another record month. Dividends increased by quite a lot, mostly thanks to a surprise dividend from Activision Blizzard but also the fact that Telia now has quarterly payouts.

Macro is looking like we are on the very edge of when central banks will start to pause hikes and starting to cut. Sweden looks a bit different, we really need to increase rates to combat the weak SEK, that in itself is causing us to import a lot of inflation from other countries. The problem is that all the real estate companies and ordinary people are so leveraged that it will hit the economy hard. Also raising rates causes inflation to increase just from interest related expenses. Still I believe the Riksbank will raise rates to combat the weak SEK as that is the major cause driving Swedish inflation at this point. 

I have been thinking if I should make the dividend reinvestments a separate post or if it should just be included in these monthly posts. I will include it these posts for now as I don't think they will be particularly much to write about in such a post.

I received a total of SEK 2,971.89 in dividends in August. An increase of 69.5% compared to last year.

Reinvested dividends and effect on yearly dividend: SEK 111.35

2 AT&T shares: SEK 20.75
24 Telia shares: SEK 48.00
4 Kinder Morgan shares: SEK 42.60

276,22	AT&T
503,00	Telia
235,53	Realty Income
726,58	Kinder Morgan
260,16	P&G
4,23	GE Healthcare Technologies
692,50	Activision Blizzard
271,80	Starbucks
1,87	Westinghouse Air Brake Technologies