Financial Freedom: Monthly Dividend Stocks

Showing posts with label Monthly Dividend Stocks. Show all posts

Dividends for June 2014

It is the end of the June school holidays in Singapore and July is almost upon us. Have compiled my dividends for this month. As most readers do know, I receive cash in my mailbox every month.

Almost $100+ in distributions from unit trusts, $100+ in dividends from stocks and $60+ from various deposit accounts [Check out on the details for the various bank deposit accounts I am using right now in the postings found here and here].

The total amount collected for June 2014 is $282.

Not enough to do anything with it really. Will just have to reinvest into other instruments to keep the monthly income flowing in.

I am quite pleased that I actually had the discipline to compile my monthly dividends for the past few months. It has at least made me more aware of where my dividends have been coming from and how much I have been getting. It sure beats having just a blurry guess-estimate of how much I have been getting. It also serves as a good check on whether I am hitting the goals that I have set for myself.

Please see dividends for other months compiled below:

For those who are interested, do check out the following links:

Articles on retirement, savings, financial planning and investing:

Real Estate Investment Trusts (REITs)

Commodities/Gold/Silver

Insurance

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Dividends for May 2014

End of May 2014. Once again, I have taken some time to compute all the dividends received over the past one month including all the cheques that I have been receiving in my mailbox. This month's collection was much better than previous months because many of the shares I have gave out dividends.

Collected a total of $842.82 in dividends for May 2014. Majority of the dividends came from holdings in Singapore stocks.

Quite glad that I have been receiving a regular stream of dividends each month. It also helps that I have been compiling my monthly dividends so that I at least know how much I have received each month. I am also glad that I now collect dividends every month instead of quarterly.

Recieving Cash in mailbox Every Month

Most people probably dread opening up their mailbox because they know that only bills await them. However, I am probably one of a few people who actually enjoys opening my mailbox to check for mail. The reason? I receive monthly cheques in my mail so I am always excited to open them up and add it together with other dividends that might have been directly credited into my bank account.

Those of you who have been following my blog over the years probably know that I am a dividends kind of investor. My timing into stocks are quite bad. But dividends have always been my kind of thing. I like the certainty of investing into businesses that provide shareholders with cash in their pockets. Over the years, I have lost count of the dividends I have received.

My favourite kind of dividends are those that are paid regularly. Some of my holdings even pay monthly dividends. That is amazing from my point of view. In short, I have been able to supplement my very average salary with passive income without actually moonlighting.

Foreign holdings in U.S. Etfs and monthly dividend stocks are those cheques which end up in my mailbox. And it is always nice to reach home at the end of a long hard day at work to find a cheque or sometimes piles of cheques in my mailbox. Trust me, the feeling is quite surreal when you get the first cheque but after sometime, it still feels awesome!

Just this month alone, I have received 3 cheques. And the month isn't over yet :)

Dividends for July 2013

Received 4 cheques in the mailbox for this month.

Cheque #1 = $13.03
Cheque #2 = $50.59
Cheque #3 = $87.54
Cheque #4 = $69.07

All the cheques were from U.S. stocks that I own. Have not been keeping a good record of all the dividends that I have been receiving each month so thought that I should just log this down before I forget.

Overall, my portfolio has changed quite a bit. Many of the higher yielding stocks that I bought have had bad news lately which has affected the value of my portfolio. At the same time, I am fortunate to have exited quite a fair bit of my stocks during their recent highs. So there is quite a bit of free cash left to invest.

Financially, I will like to think that I am progressing fine. There are surpluses each month to invest/save and that is sufficient. Have been spending more time reading, reflecting and living each day to the fullest. Life is too short to worry about tomorrows.

Hopefully all readers had a very good long weekend. It was a well deserved break for me too.

Dividends for May 2013

Phew! It has been some time since I last wrote. Was too busy and just could not find the time to sit down and pen anything.

Anyway, dividends received in the month of May 2013 wasn't too bad. This was helped by monthly dividend stocks in my holdings such as Armour Residential REIT (ARR) and GAMCO Global Gold and Natural Resources Trust (GGN). I also received payout from BDCL (a ETN that pays quarterly dividends). The amounts I received is probably close to $200. I am not keeping good records and I might have bank in some cheques that were actually sent to me much earlier in April.

From Singapore shares, I have also collected dividends to a neat tune of $500 exactly. Cool and not bad for a month.

I also bought into Fidelity Asian High Yield Fund through DBS. It is a unit trust that pays out monthly dividends and I can choose to receive the dividends or reinvest it. Received around $7 from this unit trust.

That's all for now.

And guess what? This blog has garnered more than half a million views. Cool eh?

Portfolio Additions and Dividends Received

Wow! We are already half a month into the new year and I have yet to make any new year resolutions (not that they matter, I break most of my resolutions anyway). Have also been making some additions to my portfolio.

I bought more of The Coca Cola Company (NYSE: KO) and Cross Timbers Royalty Trust (NYSE: CRT). Warren Buffet owns shares in Coca Cola so I guess it is a pretty safe bet. After all, Coke is a product that is probably not going to disappear in the next few years. The business is stable and of course, Warren Buffet owns it. So have added a bit more of the stock into my portfolio.

Also added Cross Timbers Royalty Trust which pays a monthly dividend. This is a bit like tabasco to one's portfolio. Not for the faint hearted. But the price has gone up quite a fair bit since I bought it so I am happy with the results.

Dividends I have received this month and last month include:

$48.41 from Armour Residential REIT (another tabasco addition to my portfolio)
$45.74 from GAMCO Gold & Natural Resources
$4.36 from The Coca Cola Company.

Have also made some voluntary contributions into my spouse's CPF Special Account. The CPF-SA pays a 4% interest. The first $60,000 combined in the various CPF accounts also earns 1% additional interest. Much better than the interest rates one gets from the bank. Of course, you are not allowed to withdraw it like a bank account. But for the long term, it is good enough for me.

Armour Residential REIT (ARR) dividends

Received a cheque for November's dividends from Armour Residential REIT (ARR). Total dividends was S$45.89 after accounting for 30% withholding tax as well as handling and GST charges. ARR has been paying me monthly dividends ever since I bought it. However, the stock has been quite volatile at times.

Cross Timbers Royalty Trust

I had read about Cross Timbers Royalty Trust (listed on the US stock exchange) many years ago and had placed it in my stock watchlist but never got the chance to look at it. All along, I thought this monthly dividend paying stock was involved in timbers or harvesting of logs. And so I was a little hesitant to invest in it.

To my surprise, Cross Timbers Royalty Trust (or CRT as per its ticker symbol on NYSE) has nothing to do with timbers. One wonders why they give such a name to this trust anyway. As I speak, it is currently trading at US$26.37 and pays out a regular monthly dividend. The last dividend paid out was in October at around 18.62 cents per share. Of course, as a foreigner, one will probably incur some kind of withholding tax.

A little about CRT. It is an express trust and the principal asset of the trust is the net profit interests. I guess this means it does not hold any physical assets and that the only thing it has is derived from the interests in profits it obtains from various royalty interest properties (oil and gas) located in Texas, Oklahoma and New Mexico. Its website is also pretty simple and sparse with little information. All the properties are owned by XTO Energy Inc. Bank of America, N.A. is the trustee.

This monthly dividend paying stock is trading near its 52 week low probably because of a steady decline in its dividends. DPU for the 3rd Quarter of 2012 was $0.544601 as compared to 3Q2011 of $0.860987. The lower distributions have been attributed to lower gas prices, decreased oil/gas production and increased development costs.

Not yet vested but watching it closely.

August Dividends

Dividends collected for the month of August 2012 is $846.67. I was kind of disappointed as I thought or had the impression that I would be expecting more for this month. However, 800 bucks is still a decent sum. Most of this came from Ascott REIT.

I also sold off Fortune REIT and Cambridge REIT for a tidy profit.

This monthly dividend paying REIT gives more than 10% yield

Yes. Chasing high yields is risky business. But with my risk appetite, I think I fall under the super high risk category - that means I can stomach great volatility in my portfolio). Anyway, I added another 200 shares of Armour Residential REIT recently.

Other monthly dividend stocks I am watching are PIMCO High Income Fund (approx 10% yield) and Cross Timbers Royalty Trust. But with little bullets left in my pocket, perhaps all I can do is sit and watch till the opportune time comes along.

3 Monthly Dividend Stocks I Am Watching Right Now

There are 3 Monthly Dividend Stocks that I am watching right now. The reason I am watching them is simply because I am bullish on resources and also because I like the fact that this stocks pay monthly dividends. Of course, the stocks listed here are highly risky and might not be suitable for many investors.

1. Gamco Global Gold and Natural Resources Trust (GGN)

Well, GGN used to be called "Gabelli..." and then there was a name change to "Gamco...". But GGN's dividend history since 2005 has been pretty neat to me. To invest in this stock, you need access to the US market which should be readily available through most of the brokerages in Singapore. Do note that there is a withholding tax of 30% for foreign investors so that means you have to deduct whatever dividends you are supposed to receive by 30%. Do add in another few dollars for the processing/admin charges and you will realise that you actually need a sizeable investment for the yield to justify itself since there are so many REITs listed in Singapore that might give a better yield. Nevertheless, as I am bullish on resources (especially Gold), I am thus thinking of accumulating more of this stock.

2. Armour Residential REIT

If the above stock is risky, Armour Residential REIT I believe falls into the "super don't ever touch it " kind of risky. It is frankly speaking not a REIT like one would expect it to be. It is a mortgage REIT so there are many risks involved associated with interest rates and stuff. Still, it pays out a neat dividend.

3. Enerplus Resources

After divesting my canroys when there were all the tax changes and stuff, I am starting to zoom in again on "energy plays". Enerplus Resources is one of those stocks that still pays monthly dividends. It is an independent North American energy company with a diversified asset base of oil and gas properties across a variety of resource plays. The monthly dividends for this are still good though they seem to have reduced recently.

[Note: This post should not be read as an invitation/recommendation/advice to invest in the stocks listed above. The writer is vested in both GGN and Armour Residential REIT.]

GGN - Gamco Global Gold Trust Dividend History

GGN's (Gamco Global Gold & Natural Resources Trusts) dividend history is listed below. They have been paying stable dividends over the past few years. Though of course, past history is not indicative of future performance. Vested.

Ex Dividend Date Dividends

Jun 13, 2012

$0.14
May 14, 2012

$0.14

Apr 12, 2012

$0.14
Mar 14, 2012

$0.14
Feb 10, 2012

$0.14
Jan 12, 2012

$0.14
Dec 09, 2011

$0.14
Nov 10, 2011

$0.14
Oct 13, 2011

$0.14
Sep 14, 2011

$0.14
Aug 15, 2011

$0.14
Jul 13, 2011

$0.14
Jun 14, 2011

$0.14
May 12, 2011

$0.14
Apr 12, 2011

$0.14
Mar 15, 2011

$0.14
Feb 09, 2011

$0.14
Jan 12, 2011

$0.14
Dec 10, 2010

$0.14
Nov 10, 2010

$0.14
Oct 13, 2010

$0.14
Sep 14, 2010

$0.14
Aug 13, 2010

$0.14
Jul 14, 2010

$0.14
Jun 14, 2010

$0.14
May 13, 2010

$0.14
Apr 14, 2010

$0.14
Mar 15, 2010

$0.14
Feb 09, 2010

$0.14
Jan 12, 2010

$0.14
Dec 10, 2009

$0.14
Nov 10, 2009

$0.14
Oct 14, 2009

$0.14
Sep 14, 2009

$0.14
Aug 13, 2009

$0.14
Jul 15, 2009

$0.14
Jun 12, 2009

$0.14
May 12, 2009

$0.14
Apr 14, 2009

$0.14
Mar 13, 2009

$0.14
Feb 10, 2009

$0.14
Jan 13, 2009

$0.14
Dec 10, 2008

$0.14
Nov 10, 2008

$0.14
Oct 15, 2008

$0.14
Sep 12, 2008

$0.14
Aug 13, 2008

$0.14
Jul 15, 2008

$0.14
Jun 12, 2008

$0.14
May 13, 2008

$0.14
Apr 14, 2008

$0.14
Mar 13, 2008

$0.14
Feb 12, 2008

$0.14
Jan 14, 2008

$0.14
Dec 27, 2007

$0.25
Dec 10, 2007

$0.14
Nov 13, 2007

$0.14
Oct 15, 2007

$0.14
Sep 12, 2007

$0.14
Aug 15, 2007

$0.14
Jul 13, 2007

$0.14
Jun 13, 2007

$0.14
May 14, 2007

$0.14
Apr 12, 2007

$0.14
Mar 14, 2007

$0.14
Feb 09, 2007

$0.14
Jan 12, 2007

$0.14
Dec 27, 2006

$0.06
Dec 11, 2006

$0.14
Nov 13, 2006

$0.14
Oct 13, 2006

$0.14
Sep 13, 2006

$0.14
Aug 15, 2006

$0.14
Jul 13, 2006

$0.14
Jun 14, 2006

$0.14
May 12, 2006

$0.14
Apr 11, 2006

$0.14
Mar 15, 2006

$0.14
Feb 09, 2006

$0.14
Jan 12, 2006

$0.14
Dec 28, 2005

$0.18
Dec 13, 2005

$0.14
Nov 10, 2005

$0.14
Oct 13, 2005

$0.14
Sep 14, 2005

$0.14
Aug 15, 2005

$0.14
Jul 13, 2005

$0.14
Jun 14, 2005

$0.14

One Stock that Pays Monthly Dividends

Have been holding on to this stock that pays monthly dividends for a few months now. The stock is Gamco Global Gold & Natural Resources Trust (GGN). It pays a dividend of US$0.14 every month and is currently trading at US$13.69. After accounting for withholding tax rate of 30% (since I am not a US citizen), the dividends is slightly less. There are of course exchange rate fluctuations to account for too.

I just bought another 200 shares recently bringing my total holdings to 500 shares.

GGN is a close ended fund (CEF). The fund's objective is as follows:

The GAMCO Global Gold, Natural Resources & Income Trust by Gabelli is a non-diversified, closed-end management investment company that seeks to provide a high level of current income. The Fund's secondary investment objective is to seek capital appreciation consistent with the Fund's strategy and its primary objective.

Under normal market conditions, the Fund will attempt to achieve its objectives by investing at least 80% of its assets in equity securities of companies principally engaged in the gold industry and the natural resources industries. The Fund will invest at least 25% of its assets in the equity securities of companies principally engaged in the exploration, mining, fabrication, processing, distribution or trading of gold or the financing, managing, controlling or operating of companies engaged in "gold-related" activities. In addition, the Fund will invest at least 25% of its assets in the equity securities of companies principally engaged in the exploration, production or distribution of natural resources, such as gas, oil, paper, food and agriculture, forestry products, metals and minerals as well as related transportation companies and equipment manufacturers

The dividends declaration for July, August and September 2012 also remains at US$0.14.

The distribution for July 2012 will be payable on July 24, 2012 to common shareholders of record on July 17, 2012.
The distribution for August 2012 will be payable on August 24, 2012 to common shareholders of record on August 17, 2012.
The distribution for September 2012 will be payable on September 21, 2012 to common shareholders of record on September 14, 2012.

GAMCO Global Gold and Natural Resources Income Trust (GGN)

Just bought another 200 shares of Gamco Global Gold and Natural Resources Income Trust.(GGN). GGN pays out a monthly dividend of US$0.14. The dividends have been paid out steadily over the years so I thought I should just load up more of it when the market is down. Bought 200 shares at US$14.60 which is slightly lower than my previous purchase price.

Dividends and Passive Income for April 2012

Dividends and passive income for April 2012 was close to $600. This was contributed mainly from selling off my Pacific Andes rights and collecting the dividends that were also paid out by Pacific Andes. Pacific Andes is a stock that I have been holding for some time now but I just did not feel comfortable taking a bigger position so I did not subscribe to the rights issue.

The rest of the money actually comes from the monthly dividends that I receive from Gamco Global Gold and Natural Resources Trust (previously called Gabelli but now re-named as Gamco). GGN (the stock ticker symbol) provides me with $30+ dollars per month. That is after the 30% withholding tax deduction which is quite huge if you ask me.

Nevertheless, I am satisfied with April 2012's dividends and passive income received. May 2012 should also be a good month for me.

[17 May 2012 Update: Actual dividends for April was actually above $700. Realised that I underestimated the dividends and sale of rights arising from Pac Andes]

Bought more Gamco Global Gold, Natural Resources and Income Trust

After reflecting on some of my investment thoughts for 2012, I entered into another position to buy GGN which currently gives a monthly dividend of $0.14 per month. The fund's investment objective is to provide a high level of current income. Overall, I think I am pretty bullish on commodities and thought that this might make a good investment since it is a close-ended fund which invests primarily in the equity securities of gold and natural resource companies.

My entering into a position in this stock was also partially influenced by Bryan Perry (who wrote the book about 25% Cash Machine) was bullish on this stock. This purchase makes it my first stock purchase for the year 2012 and I thought I better log it down so that I do not lose track of my investments.

Investment Thoughts for 2012

Today is the 10th day into 2012 and I realised that I have not thought out my investment plan, made any resolutions or done anything fruitful in the past 10 days! And there has been this constant nagging in my head that tells me that I ought to focus my attention on a few things and try not to spread out my efforts too thinly. So perhaps now is a good time to update on what are some of my thoughts for 2012. This includes some of my personal reflections and does not constitute any investment advice.

Passive Income - Monthly Dividend Stocks and Real Estate Investment Trusts (REITs)

High on my list is perhaps creating a passive flow of income for myself either through stocks that provide monthly dividends or REITs which either provide quarterly or half-yearly distributions. For monthly dividend stocks, one has to turn to the US market. One of the monthly dividend stocks that I have bought into is Gamco Global Gold (GGN). REITs on the other hand are easily available on the Singapore Stock Exchange or SGX. I am looking at diversifying my REITs holding as I am currently heavily invested in Ascott REIT.

Gold is Money and Nothing Else

For those of you who have been following me, you are perhaps aware that I have been looking towards silver both as a means to hedge against inflation as well as just for collecting purposes. Buying silver in Singapore is still limited to only a few shops but hopefully this certain industry/sector will slowly develop.

Investing in this Site

I have also decided that I ought to invest a bit more time and money on this site. This includes some facebook advertising as well as my plan to work on a eBook.

These are all still works in progress but I certainly hope that the perfectionist in me does not cause me to procrastinate or be paralysed such that I do nothing at the end of the year. It has been my longest desire to write a book and an eBook might just serve that purpose.

Monthly Dividend Stock - Gamco Global Gold Natural Resources (GGN)

Just bought 200 shares of Gamco Global Gold Natural Resources (GGN) on the US stock exchange. It is a stock that provides monthly dividends. Yes, not many people are aware that there are stock that actually pay out monthly dividends. The monthly dividends is around US$0.14 per month. Anyway, it is only a small investment and I will probably invest more if I have spare cash.

GGN was previously named Gabelli Global Gold Natural Resources before the recent name change to Gamco Global Gold Natural Resources.

Alpine Total Dynamic and Alpine Global Dynamic

Sold off my stake in Alpine Total Dynamic and Alpine Global Dynamic soon after buying it because I realised that the dividend payout had been dropping over the years. In addition, the dividend capture strategy that they are supposedly using does not sound robust enough for my liking. Anyway, I bought the stock just before the slight rally in the markets so I was able to lock in some gains.

It looks like my search for another monthly dividend stock will have to continue.

Added Alpine Global Dynamic Fund to Portfolio

During the recent market crash, I managed to buy into Alpine Global Dynamic Fund (AGD listed on the NYSE) for a price of US$5.64. This is one of those monthly dividend stocks and the dividends for the next few months is at US$0.06 per share. Not a bad yield considering my purchase price. This should add to my passive income stream quite a fair bit over the next few months.

Financial Freedom