Reinvesting dividend from WP Carey. After this month I will start to do a compilation of bought shares per month and the effect on yearly dividend.
Stocks owned: 79
Dividend per stock: USD 1.069
Dividend received: SEK 735.28
Reinvested number of stocks: 1
Stocks owned after reinvesting: 80
Effect on yearly dividend: +SEK 37.00
I have now reinvested 10% more stocks in Altria just from dividends. I will need to reinvest about 30 more to be able to buy 3 stocks each dividend, that will happen in about 4 years. I was hoping it would happen sooner, which it probably will. It depends on how big the dividend growth will be over the next coming years. It's been a bit over 4% last two years so that would speed things up. As always slow and steady wins the race in investing, or at least I feel it does. But we always have to combat that with our wanting to get rich fast.
Stocks owned: 130
Dividend per stock: USD 0.94
Dividend received: SEK 1,105.99
Reinvested number of stocks: 2
Stocks owned after reinvesting: 132
Effect on yearly dividend: +SEK 32.50
I wasn't sure if I was going to label this as a reinvestment or not. Thomson Reuters has been one of my best investments the last 5 years. They did a return of capital this year and a small reverse split. I had 56 stocks and went down to 53. I wanted to reinvest the dividend but I felt I might as well buy some extra stocks to even out the holding, so I did.
Stocks owned: 56
Dividend per stock: CAD 6.16
Dividend received: SEK 2,808.97
Reinvested number of stocks: 7
Stocks owned after reinvesting: 60
Effect on yearly dividend: +SEK 108.00
I have been wanting to buy into JOBS since early this year when I came across their stock. The price has however been a bit higher than I wanted to but finally came down to where I felt I wanted to get in.
From what I see their CEO keeps a high rate on buying new companies, something I usually don't like too much. We have seen a lot of serial acquisitions companies come on hard times recently, for example Embracer. I think it was Peter Lynch that didn't like these kind of companies as instead of diversifying he said they were diworsefying. I like JOBS partly because they pay out a dividend and they are a small company. They are making a profit and they are growing quickly, mainly due to the acquisitions I'd guess.
I have recently started to buy smaller companies in hope that they will generate bigger returns and larger dividend growth over time, and this is an example of such a company. We will see in a few years if it was a good or bad investment. A risk I see is that they will have to cut their dividend in the coming years to finance their growth, but I hope they manage to increase it and grow at the same time.
Number of shares bought: 2,000
Price: SEK 29.86
Effect on yearly dividend: +SEK 3,320.00
