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

Reinvesting WP Carey dividend (5)

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

Reinvesting Altria dividend (6)

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

Reinvesting Thomson Reuters dividend (1)

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

Reinvesting Lundin Mining dividend (3)

Reinvesting dividend in Lundin Mining.

Stocks owned: 1,015
Dividend per stock: CAD 0.09
Dividend received: SEK 556.97
Reinvested number of stocks: 6

Stocks owned after reinvesting: 1,021

Effect on yearly dividend: +SEK 12.50

Reinvesting Yara dividend (3)

Yara had an incredible year last year. I am thinking about increasing my position but I am not sure if last year was just an outlier and they will go back to "normal" revenues again. It depends on how the Ukraine conflict goes and if western countries start to buy Russian fertilizer again.

I'm don't know what dividend rate I should use to calculate the yearly effect as I don't think they will pay out this much next year as well, but I still used this years dividend anyway.

Stocks owned: 107
Dividend per stock: NOK 55.00
Dividend received: SEK 4,397.18
Reinvested number of stocks: 12

Stocks owned after reinvesting: 119

Effect on yearly dividend: +SEK 500.00

Reinvesting Veteranpoolen dividend (2)

Reinvesting dividend from Veteranpoolen. It's not been performing well since I bought it last year and they lowered their dividend this year. A recession would I believe not be great for them but over time they have demographics on their side. 

Stocks owned: 1,072
Dividend per stock: SEK 2.00
Dividend received: SEK 2,144.00
Reinvested number of stocks: 68

Stocks owned after reinvesting: 1,140

Effect on yearly dividend: +SEK 136.00

Reinvesting Boliden dividend (2)

Boliden continued their tradition of paying out a bonus dividend this year as well. This week they flagged for a loss in the Q2 so it's not looking great at the moment. Unlucky I bought the shares before this news broke.

Could this be early warning signs of a recession? Mining are some of the first ones to be hit I believe, as companies start to decrease their need for raw materials in anticipation of what's to come.

Should I stop posting each reinvestment separately and just do a combined post for each month about how many and what the effects are? It feels like there was such a flood of these posts this spring, it's cluttering the blog. Coming months are not as affected by this issue.

Stocks owned: 161
Dividend per stock: SEK 11.50
Dividend received: SEK 1,851.50
Reinvested number of stocks: 5

Stocks owned after reinvesting: 166

Effect on yearly dividend: +SEK 75.00

Reinvesting SBB dividend (15)

Last time reinvesting dividend in SBB for a while, maybe ever. The stock has been completely crushed but did a small comeback after the CEO change. I don't know if SBB will survive, I have my doubts. It might be sold or split up and some of the parts taken over by other companies. It's very interesting to see how fast a stock can go from being super hyped to completely trashed in almost a year. 

I bought a few extra shares to get me to a round even number, since I won't be buying more anytime soon, unless they do a rights issue maybe.

Stocks owned: 1,431
Dividend per stock: SEK 0.12
Dividend received: SEK 171.72
Reinvested number of stocks: 69

Stocks owned after reinvesting: 1,500

Effect on yearly dividend: +SEK 0.00

Reinvesting Epiroc dividend (9)

Reinvesting dividend from Epiroc.

Stocks owned: 325
Dividend per stock: SEK 1.70
Dividend received: SEK 552.50
Reinvested number of stocks: 3

Stocks owned after reinvesting: 328

Effect on yearly dividend: +SEK 10.20

Reinvesting SinterCast dividend (7)

There was a lot of talk about SinterCast going to beat their record in Q2 but they fell short of expectations. This made the stock price fall but made me able to buy a few more stocks when reinvesting. It really feels like SinterCast is the turtle of the stock market, slow and steady wins the race. 

Stocks owned: 491
Dividend per stock: SEK 2.75
Dividend received: SEK 1,350.25
Reinvested number of stocks: 13

Stocks owned after reinvesting: 504

Effect on yearly dividend: +SEK 71.50

Reinvesting Kinder Morgan dividend (8)

Steadily able to buy four new stocks for the KMI dividend each time now. The time it will take to start buying five new ones will be a lot shorter than from three to four thanks to compounding effect and also dividend increases. 

Stocks owned: 275
Dividend per stock: USD 0.2825
Dividend received: SEK 684.58
Reinvested number of stocks: 4

Stocks owned after reinvesting: 279

Effect on yearly dividend: +SEK 39.50

Reinvesting Volkswagen dividend (3)

Volkswagen has paid out a lot this year, but the extra dividend in January won't be back next year.

Stocks owned: 23
Dividend per stock: EUR 8.76
Dividend received: SEK 1,670.99
Reinvested number of stocks: 1

Stocks owned after reinvesting: 24

Effect on yearly dividend: +SEK 74.00

Reinvesting Hugo Boss dividend (1)

First time reinvesting dividend in Hugo Boss. The dividend wasn't completely able to cover a new share but I bought one anyway. If you account for the tax it would have covered. 

Stocks owned: 55
Dividend per stock: EUR 1.00
Dividend received: SEK 454.75
Reinvested number of stocks: 1

Stocks owned after reinvesting: 56

Effect on yearly dividend: +SEK 8.50

Reinvesting Novotek dividend (3)

I bought a bit more shares than I actually could from the dividend to get a round number of shares totally.

Stocks owned: 1,069
Dividend per stock: SEK 1.50
Dividend received: SEK 1,603.50
Reinvested number of stocks: 31

Stocks owned after reinvesting: 1,100

Effect on yearly dividend: +SEK 46.50

Reinvesting SBB dividend (14)

Well SBB has now imploded quite literally. They have suspended their monthly dividend payout from June and they also did it on their SBB D shares. According to Swedish law they cannot withdraw dividends that have already been agreed so as far as I understand they will pay out a lump sum next year for the remaining dividend amount. 

It felt like this had to happen as they are in deep trouble with their liquidity. Hopefully they can sell off some of their real estate to keep the company from going bankrupt. The 100 year dividend didn't last long at all. Luckily for me I don't have that much exposure to real estate in Sweden, unlucky that I bought into it too early last year. I think Castellum will weather this storm and come out on the other side and start paying dividend again in a year or two. SBB I'm not as sure, it depends on if they survive.

Why did I reinvest the dividend? Because I stick to my strategy of buy and hold and reinvesting dividends.

Stocks owned: 1,405
Dividend per stock: SEK 0.12
Dividend received: SEK 168.60
Reinvested number of stocks: 26

Stocks owned after reinvesting: 1,431

Effect on yearly dividend: +SEK 0.00

Reinvesting Stille dividend (3)

Reinvesting dividend in Stille.

Stocks owned: 220
Dividend per stock: SEK 1.80
Dividend received: SEK 396.00
Reinvested number of stocks: 3

Stocks owned after reinvesting: 223

Effect on yearly dividend: +SEK 5.40

Reinvesting JLT Mobile Computers dividend (2)

JLT lowered their dividend this year. I hope they go back to growing and will be able to pay out more next year. I rounded off to a more even number when buying new shares this time as well.

Stocks owned: 4,140
Dividend per stock: SEK 0.20
Dividend received: SEK 828.00
Reinvested number of stocks: 160

Stocks owned after reinvesting: 4,300

Effect on yearly dividend: +SEK 32.00

Reinvesting H&M dividend (5)

Reinvesting dividend from H&M.

Stocks owned: 148
Dividend per stock: SEK 3.25
Dividend received: SEK 481.00
Reinvested number of stocks: 3

Stocks owned after reinvesting: 151

Effect on yearly dividend: +SEK 19.50

Reinvesting Investor dividend (5)

Reinvesting dividend from Investor.

Stocks owned: 230
Dividend per stock: SEK 3.30
Dividend received: SEK 759.00
Reinvested number of stocks: 3

Stocks owned after reinvesting: 233

Effect on yearly dividend: +SEK 13.20