Cash Dividends in July 2017

Received the following cash dividends in July:

  • SPC: ₱0.40/share, around 8.8%, annually*
  • CEB: ₱2.75/share, around 2.4%, annually
  • SMC2F: ₱1.27635/share, around 1.57%, quarterly
  • SMC2C: ₱1.50/share, around 1.86%, quarterly
  • HLCM: ₱0.98/share, around 7.9%, annually**
  • DDPR: ₱1.61945/share, around 1.54%, quarterly
  • MEG: ₱0.05410389/share, around 1%, annually
  • ROCK: ₱0.0594/share, around 3.3%, annually
  • SMC: ₱0.35/share, around 1/3 of 1%, quarterly

All above % estimates are against price on Sep 12, and are the gross value/share, not taking into account the 10% withholding tax for Filipino citizens.

Cash dividends in July 2017 are higher than my typical month and it made up 0.59% of my whole principal. Meaning if I always had as much cash dividends in a month, my principal would be getting around 7% p.a. gross. This is due to the quarterly SMC and DD preferred shares paying during the month, plus the annual cash div payable of higher yield shares, SPC, HLCM and ROCK (I consider anything above 3% as fairly high yield).

*This was supposed to have been paid on June 30, but it arrived to me in July, hence I’m accounting it in July.

**Noted this share fell in value in the past few weeks which has increased the cash dividend yield.

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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.