Cash Dividends in September 2017

Received the following cash dividends in September:

  • GLO: ₱22.75/share, around 1.1%, quarterly (4.4% p.a.)
  • PF: ₱1.50/share, around 0.48%, quarterly (1.9% p.a.)
  • TEL:  ₱48.00/share, around 2.8%, semi-annually (4.4% p.a.)
  • SCC:  ₱5.00/share, around 2.9%, semi-annually (5.8% p.a.)*
  • SHNG:  ₱0.07/share, around 2.2%, semi-annually (5.1% p.a.)
  • SGI: ₱0.07/share, around 4.89%, annually
  • MPI: ₱0.0345/share, around 0.5%, semi-annually (1.49% p.a.)

All above % estimates are against price at close of October 4, and are the gross value/share, not taking into account the 10% withholding tax for Filipino citizens.

Per my previous post, received a net of around 0.297% of my principal from cash dividends in September (which if the equivalent would occur each month of the year, would equal to around 3.56% p.a.).

* based on Aug 18, 2017 closing price, which was before the 300% stock dividend

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Bought LR@₱4.50, EDC@₱5.86, and AEV@₱74.05

Bought LR on Sep 14, EDC on Sep 29, and AEV on Oct 2.

Buying EDC at this time is a gamble, but it’s a gamble I’m willing to take as I don’t think the price should be this low. The price has gone down a few percentages points since I bought it, and I might buy it again.

Received a net of around 0.297% of my principal from cash dividends in September (equal to around 3.56% p.a.). I’ll write about the received cash dividends in an upcoming post.

Sold ALCO, bought EMP

Sold some of my holdings in Arthaland @₱1.48 that I bought back in Feb 13, 2017 for ₱1.32 which gives a net gain of around 10.8%. I think Arthaland is a good company to hold for the long haul, however I wanted to lock-in some gains and possibly use the cash to buy ALCO again in case the stock falls back to the ₱1.30+ range (it closed at ₱1.41).

I bought some EMP @ ₱6.46. It ex-divs on March 29, 2017 for ₱0.1865/share (around 2.8%). I now think it’s a bit of a long time and the share price may still go down until ex-div. EMP is one of my not too rational stocks that I hold because of what the company stands for and what it may become in the future… and I’ve been itching to buy this stock. I now remember one of those investment warnings on stopping yourself from ever falling in love with a stock, no matter how sexy it is. Oh well.

Around 20% of my portfolio is held in what I call kinda-moonshot stocks (wherein I can’t really tell when the price will pick up, if ever). Another 25% are in preferred shares or shares that give at least 5% cash div a year, with the rest of my holdings in value or high-dividend shares.

AEV, AP, TEL and the SMC preferred shares all ex-div on March 16, so last day to be in on their cash dividend tomorrow.

GLO Cash Dividends, EMP

Received some Globe Telecom cash dividends a few days ago (March 9, 2017). At ₱22.75 per share divided by last Friday’s closing price of ₱1910.00, the dividend gives a gross annual cash dividend of around 4.7% (note that this is a fourth, as Globe typically gives out cash dividends quarterly).

Emperador’s recent price dive seems excessive if its just because of getting taken out of the index. I’m looking into getting some before the March 29, 2017 ex-dividend date. At a cash div rate of ₱0.1865 per share divided by last Friday’s (March 10, 2017) closing price of ₱6.35 would give a gross annual cash dividend of around 2.9%. I somehow don’t expect Emperador to change its dividend policy within the year, unless there was some extraordinary gain somewhere.

I’ll also start posting some quotes I like which are related to investing in one way or another.

“In a world of change, the learners shall inherit the earth, while the learned shall find themselves perfectly suited for a world that no longer exists.” – Eric Hoffer