Record Quarterly Dividends

The reporting season for this quarter is almost over.

There are a few more counters in my portfolio that will do their reporting in the coming weeks.

In the SG market, I am left with The Hour Glass, which should announce its FY2024 results in the coming week. In the US market, there are still CrowdStrike (CRWD), nCino (NCNO), Veeva (VEEV) and ZScaler (ZS).

None of them though will contribute to this quarter’s dividends.

After a 20% drop in dividends in the first quarter, I am happy to share that the second quarter’s dividend is up by a whooping 45% compared to last year!

And for the first time since the inception of this portfolio, it breaches the $10k mark!

What contributed to this achievement?

Two key factors contributed to this.

  • Organic: Companies declared more dividends per share
  • Inorganic: Adding new dividend counters or increasing stake in existing ones

Isn’t it nice when most of the counters declared higher dividend per share as compared to last year?

Even for Frasers Centrepoint Trust and Mapletree Logistics Trust, the drop is less than 3%. This is something I can live with.

What about DBS?

Of course, it has contributed too but I did not have it last year. I only bought it this February.

Its final dividend increased from $0.38 (excludes special dividend) to $0.49 and not forgetting the 1-for-10 bonus! The only bank that declares quarterly dividend, its 1Q2024 dividend went up from $0.38 to $0.54!

The other counter which just contributed this year is NikkoAM-StraitsTrading Asia ex Japan REIT ETF (CFA) which I just added more recently too.

Finally, I added quite a bit of Venture last year and some HRnetGroup early this year. I am confident that both will continue to sustain their dividends.

If everything goes as plan, next quarter will be another good quarter for dividends.

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