Dividend Results

Q4/2015 & FY2015 Report

JP

Another quarter and fiscal year has passed with following statistics:

  • 411 USD received as dividends during Q4 (244 USD during Q4/2014)
  • 420 NOK received as dividends during Q4 (0 NOK during Q4/2014)
  • 8 purchases made during Q4 (10 during Q4/2014)
  • Total dividends for FY2015 were 458,32 EUR, 1455 NOK and 1360,81 USD (123 EUR and 584,32 USD during FY2014)

There are no major changes for strategy in FY2016. Environment is getting a bit challenging as we are, in my opinion, moving towards the end of an cycle. I expect to add steadily on cyclical companies and also those which are a bit underweight positions at the moment. Valuations might slow down the balancing of the portfolio even though I’m not fully trying to time the market. Having said that, I still have loose buy zones I try to enforce.

Q3/2015 Report

JP

This quarter was full of market turbulence: worries about China slowing down, FED hiking the interest rates, commodities taking a beating. Market value of the portfolio decreased by 6.81 percent during this quarter. Compared to the Q3 last year, there was significant increase in the dividends received. Compared to the previous quarter though, there was a slight decrease. This is largely explained by the fact that BBL paid a dividend of 74,40 USD during Q2 but not in Q3 (they use a semi-annual dividend policy). Considering this, the overall performance was satisfactory.

Passive income during Q2 (before taxes) was as follows:

375,96 USD compared to 173,89 USD for Q3/2014 and 333,63 USD in Q2/2015.

Update: Removed false information since BBL paid during Q3 after all. Transaction didn’t show in my brokerage account until today.

Q2/2015 Report

JP

Quite normal quarter for the portfolio but not so much for the economy in general. Situation in Greece could be described as interesting. It remains to be seen what’s the actual impact for euro zone. Personally I consider this as the opening act for the political tensions raising from huge debt loads . These are the reasons largely explaining my USD heavy portfolio build up. As I expected to report in euros for the years to come, it will be interesting to see how all this plays out. During the past weeks most of the stocks in Europe have been hit, at least modestly, but there was very little drama for my portfolio. The train is still rolling. It’s worth to mention that I had two spin-offs in my portfolio as South32 Ltd. (BHP) and Baxalta (Baxter International Inc.) entered the portfolio.

Passive income during Q2 (before taxes) was as follows:

  •  272,32 EUR compared to 123 EUR for Q2/2014
  • 1035 NOK compared to 0 NOK for Q2/2014
  • 333,63 USD compared to 120,23 USD for Q2/2014

Q1/2015 Results

JP

Dividends received during the first quarter of fiscal year 2015 (taxes not included):

  • 240.10 USD (Q1/2014: 45,90 USD)
  • 186 EUR (Q1/2014: 0 EUR)

Market value increased by 14,90%. US dividends decreased marginally from previous quarter (244,30 USD) mainly due to inactivity during Q4 and because of the temporarily suspended dividend by NASDAQ:ARCP. Latter one I expect to be restored during Q2/2015.

Q4/2014 Results

JP

Total dividends received (before taxes) during Q4/2014 were 244,30 USD. Overall portfolio performance during 2014 was above expectations as the market value in euros increased by 20,70% (including increased valuations, dividends and changes in EUR/USD exchange rate). Total dividends for the whole year were 123 EUR and 584,32 USD.

This was first full year for this portfolio. Strategy for the new year shall remain the same unless political situation offers extraordinary circumstances. Oil prices and NOK (currency, not stock) valuation is something I have my eye on in 2015. Otherwise I expect mainly to add on existing positions and perhaps open one or two new positions depending on the market situation and valuations.