Reinvesting Danske Bank dividend (3)

In combination with their second quarter report Danske Bank surprisingly declared a dividend of 7 DKK. Maybe it was not that surprising when you consider how much money they are making and now that the money laundering scandal is almost behind them. There were talks of quarterly dividends this spring but then the banking crisis hit in the US and they cancelled their dividend. I hope they will now start to pay out quarterly dividends going forward.

I think this will be the last time I post a reinvesting post for now. I feel like there are just to many such posts to write and it clogs the blog. Going forward I will either include it in my monthly post or make a separate monthly post with reinvestments, detailing reinvested number of stocks, dividend received and the effect on yearly dividend.

Stocks owned: 155
Dividend per stock: DKK 7.00
Dividend received: SEK 1,226.89
Reinvested number of stocks: 5

Stocks owned after reinvesting: 160

Effect on yearly dividend: +SEK 38.00