Dividends Feb/Mar 2024

 

Several companies have managed to pay out dividends during these two months that I now cover.

ETF EU paid out 69.24 €, no taxes taken.

ETF All World paid out 33.18 €, no taxes taken.

ETF S&P500 paid out 70.11 €, no taxes taken.

McDonalds paid out 26.07 €, after 15% taxes withheld by US.

Intel paid out 37.80 €, after 15% taxes withheld by US.

BP paid out 52.98 €, no taxes taken.

IBM paid out 32.08 €, after 15% taxes withheld by US.

TJX paid out 16.53 €, after 15% taxes withheld by US.

DBAG paid out 114.12 €, after 26.4% taxes withheld by Germany.

Dividends during November/December

 

Several dividends have been paid out in the end of the year and I even managed to receive one from a company that I had sold off, namely H&M.

H&M paid out 70.69 €, of which the taxman took -21.21 €, leaving me with 49.48 € as cash.

TJX paid out 19.40 €, taxman took -2.91 € leaving 16.49 € on broker account.

Intel paid out 39.61 €, taxman got -2.31€ leaving me with 27.30 € as cash.

IBM paid out a healthy 38.35 €, taxman took -5.76 €, leaving 32.59 € in cash.

BP paid out 53.03 €.

Scottish paid out 4.98 €.

McDonalds paid out 25.63 € and I must have been lucky there with when I bought them.

HSBC paid out 64.12 €.

ETF - All World paid out 34.38 €.

ETF - EU/UK paid out 63.19 € and finally

ETF - S&P500 paid out 63.14 €.

I've also in early January received Nike 13.43 €, taxman took -2.01 € leaving 11.42 €.

The dividend page has now been updated including including the end of year tally of 5,265 € paid out in total -468 € to taxes.

Dividends in August/September 2023

 

I thought there would only be some trickles of dividends arriving during the remainder of the year but I was clearly wrong. I had some serious pay out from especially Rio Tinto which is much appreciated!

ETF All-World paid out 26.05 € as cash on my broker account

ETF S&P500 paid out 63.41 € as lovely, lovely cash.

ETF EU-UK paid out 82.53 € as cash on my broker account.

Rio Tinto paid out a total of 514.09 € as cash on my two broker accounts.

HSBC paid out 64.35 € as cash to me.

Barclay decided to pay out 59.10 € as cash on my broker account.

Lloyds were also generous and paid out 68.90 € to my broker account.

Intel has tighten the purse and only paid out 35.36 €, the taxman took 2.32 €, leaving me with 33.04 € as cash on my two broker accounts.

BP paid out 52.53 € on my broker account.

IBM paid out 38.49 €, taxman took 5.78 € leaving me with 32.71 € on my broker account and finally

TJX paid out 19.48 €, taxman took 2.92 €, leaving 16.56 € as cash on my broker account.

Dividends in May/June 2023

 

It's been a period with plenty of dividend payments which is always enjoyable especially now when I need to take out money instead of adding.

E.On paid out 204.00 € of which the German taxman kept 53.80 € and I was left with 150.20 € as cash on my broker account.

Intel paid out 44.75 €, USA tax office withheld 6.71 € and I was left with 38.04 € in cash.

TJX paid me 19.78 €, US withheld 2.96 € and I got 16.82 € on my broker account.

The next dividend payment I'm not really happy about. I wanted Luc to keep re-investing the earnings into the business or other endeavours for that matter!

Tessenderlo paid out 127.50 €, the taxman in Belgium kept 38.25 € and I got 89.25 € on my broker account.

IBM provided me with 38.34 €, tax withheld was 5.76 € and I got 32.58 € in cash.

BP paid me 49.46 € which arrived directly as cash.

Barratt paid out 59.36 € in cash.

Lloyds paid out 121.05 € in cash.

HSBC paid out 64.67 € in cash.

ETF EU paid out 301.16 € in cash

ETF S&P500 paid out 63.29 € in cash.

ETF All-World paid out 38.89 € in cash.

So a pretty good period!

Dividends in March 2023

 

All the oil companies have made massive profits lately. From this BP decided to pay out 50.31 € which I directly received as cash on my broker account.

IBM paid out 38.77 €, from this the taxman took 5.82 €, leaving me with 32.95 € as cash on my broker account.

DBAG paid out a very small dividend this year in the size of 124 €, the German tax man took 32.70 € which left me with 91.30 € in cash.

The US retail chain TJX paid out 17.68 € and from this 2.65 € was taken in taxes leaving me with 15.03 € in cash.

Intel, whose share price have tanked in the last couple of months paid out 119.59 €, and 6.89 € went to the taxman, leaving me with 112.70 € in cash. It looks strange, I know, I don't see the taxes removed in my UK broker account and I currently own intel shares on both my UK and German account.

And finally my ETF EU held in the UK paid out a dividend of 78.39 € that I get straight out as cash.

Bought stocks during December 2022

 

With the increasing interest rates on mortgages I took the decision to invest in a bank (and others) spread in GBP. This could be done due to that I had sold off the fast food investments in the highly valued dollar.

The Swedish currency is currently low valued and the Swedish stock market have reduced significantly. Sweden is an export heavy country so they will profit from the low valuation of the currency and I will hopefully get a double effect; Currency + stock market going up, so buying an ETF seemed reasonable to me.

500 shares were bought in Barratt Homes for a total value of 2,289.68 € or 4.58 € per share.

1,900 shares were bought in Barclays bank for a total value of 3,384.10 € or 1.78 € per share.

6,500 shares were bought in Lloyds bank for a total value of 3,352.66 € or 0.52 € per share.

270 shares were bought in Scottish Mortgage Investment Trust for a total value of 2,293.44 € or 8.49 € per share.

700 shares were bought in HSBC bank for a total value of 3,953.82 € or 5.65 € per share.

4,900 parts were bought in ETF SWE for a total value of 30,167.53 € or 6.16 € per share.

The monthly update that follows will reflect these changes made to the stock portfolio.

Dividends in November 2023

 

Intel decided to pay out 46.98 € to me and from this the taxman took 7.04 € and I was left with 39.94 € as cash on my broker account.

TJX also paid out 18.00 € and 2.70 € was lost in taxes and I got 15.30 € as cash.

H&M made their biannual payment of 179.62 € and 53.89 € was taken as cash leaving me with 125.73 € as cash.

Dividends during Aug/Sep/Oct 2022

 

Several companies have made payments during the three last months and can be seen below.

Yum Brands paid out 22.22 €.

McDonalds paid out 32.91 €.

Rio Tinto paid out 379.00 €.

ETF EU paid out 72.71 €.

Restaurant Brands paid out 56.13 €.

Nike paid out 12.41 € of which the tax man took 1.86 € leaving 10.55 € as cash on broker account.

BP paid out 46.53 €.

IBM paid out 40.48 € of which the tax man took 6.07 € leaving 34.41 € for me.

TJX paid out 18.84 € of which the tax man took 2.82 € and leaving 16.02 € as cash for me and finally...

Intel paid out 49.18 € with tax man taking 7.38 € and leaving me with 41.80 € in cash.

Dividends during May 2022

 

Several dividend payments were made during the month of May of which some were more substantial than others...

TJX paid out 17.65 €, 2.65 € going to taxes leaving me with 15 € in cash on my broker account.

RWE provided me with 297 € of which 78.33 € went to tax and 218.67 € ended up on my account.

BASF made a hefty payment of 476 € however 125.54 € went to the taxman and I ended up with 350.46 €.

Talanx paid out 128 €, 33.76 € to taxes and 94.24 € as cash to me.

H&M paid out 186 € and 23.13 € was withheld in taxes, leaving me with 162.87 € in cash.

K+S provided 48 €, 12.66 € to taxes, giving me 35.34 € in cash.

VW paid out 90.72 €, of which 23.92 € went to the taxman and I received 66.80 € in cash.

E.On. paid out 196 €, also here tax of 51.69 € was removed, and I got 144.31 € on my broker account.

DB paid out 84 € with 22.15 € withheld and 61.85 € as cash on my account.

And finally Intel paid out 45.97 €, US withheld 6.89 € in tax and I received 39.08 € to invest into new ventures.

Dividends during March/April 2022

 

Yum brands paid out 9.74€ as cash on my broker account.

McDonalds paid out 29.89€ on my broker account.

ETF EU paid out 45.11€ to be used as I please on my UK broker account.

Shell paid out 58.86€ on my broker account.

Rio Tinto paid out the handsome amount of 462.12€ as cash on my account.

Intel dribbled in 31.56€ in cash.

BP paid the miniscule amount of 39.85€ as cash.

Nike provided me with 9.37€ in dividends and finally...

Skanska paid out 242.94€ of which I got to keep 170.06€ paid out as cash.

Dividends during February 2022

 

Received dividends from three companies this month of which only one was substantial.

Intel paid out 44.08 € to me, from this was taken 6.61 € in taxes which left 37.47 € as cash on my broker account.

TJX paid out 15.01 € and after taxes that left me with 12.76€ in cash.

and finally DBAG paid out 248.00 € to me of which the German tax office took 65.41 € and I was left with 182.59 € as cash on the account.

Dividends during December 2021

 

I'm a little bit late with this report so actually it also covers the dividend payments during the first week of January also but to my great pleasure several of them have paid out dividends to me so that it great!

BP - paid out 38.54€ that was received as cash on my broker account.

Nike - paid me 10.77€, the taxman took his pound of flesh (15%) and I received 9.16€ as cash on the broker account.

IBM - paid me 36.38€ and in the end it dropped in 30.92€ in cash.

TJC - paid out 14.61€ of which I received 12.42€.

Intel - paid me a nice chunk of 41.25€ of which 35.06€ stuck on my broker account.

ETF EU - directly gave me 13.52€ on my broker account.

Shell - gave me a nice payment of 58.29€ directly as cash.

McDonalds - paid out 29.40€ as cash on my broker account and finally

Yum brands - paid me the tiny sum of 8.44€ on my broker account.

Dividends during August 2021

 

The American giants kept up their tradition of quarterly payments and I therefore received dividends from both Intel and from TJX.

Intel paid out 39.54 € which ended up giving me 33.59 € as cash on the broker account.

TJX paid out 13.98 € which after taxman had his or her share gave me 11.88 € on the broker account.

Dividends during December 2020: Shell, Intel, IBM & BP

Shell kindly paid out some dividends to me for my 190 shares in the size of €26.09 which, due to them being held in an ISA and being the UK Shell shares B, I paid no taxes on it and it arrived as cash on my broker account.

Intel also paid out dividends to me in the size of €37.06 from this was taken €5.56 in taxes and I received €31.50 as cash on my broker account.

As tradition holds for the US companies with quarterly payments I received also dividends from IBM. I received €33.56 and from this Mr. Taxman took €5.03 leaving €28.53 as cash on my account.

The final dividend payment for the year was from BP and in the size of €34.45 which was directly paid out as cash on my broker account.

To see my total dividend flow then please visit the Stock Dividends page that has now been updated. 

Dividends during September 2020: Intel, IBM and BP

 

For my 135 shares in Intel I received in total 37 € in dividends. From this was taken 5.55 € in taxes and I ended up with 31.45 € on my broker account.

IBM also sent some money over in the size of 34.27 € for my 25 shares. The taxman took 5.14 € and I received 29.13 € as cash.

The oil price is since a while fairly low and the dividends from BP now also reflects this. For my 800 shares I received a total of 35.13 € in cash on my broker account.

To see my total dividend flow then please visit the Stock Dividends page that has now been updated. 

Dividends during June 2020: Nike et al

A dividend payment was received from Nike in the size of 8.71 € from which 1.31 € was taken in taxes and I received 7.40 € paid into my broker account.

The Germany energy company RWE paid out a dividend of 264 € and from this was taken 69.63 € in taxes and I was left with 194.37 € on my broker account.

The chemical company BASF arrived with a dividend payment of 462 € of which Mr. Taxman (or woman) took 121.85 € and left on my broker account as cash was 340.15 €.

My trusted dividend payer BP sent over 73.41 € of dividends and all of it was paid out in cash on my broker account.

K+S provided me with 9.60 € of which 2.53 € went to taxes and I received 7.07 € as cash on my account.

IBM sent some dollars to me that converted became 35.69 € of which 5.35 € went to taxes and 30.34 € was added to my cash account.

Tradition was followed and Intel paid out 39.93 € with 5.99 € kept in taxes and 33.94 € was added to my broker account.

And finally my second German energy company E.On arrived with 184.00 €, of which 48.53 € was kept in taxes and I received 135.47 € in cash.

To see a bit more in details please visit my Stock Dividends page.

Dividends from January to April 2020

With this publication I am now finally on top of things again! All the dividends from the past has been sorted out (2018 and 2019) and now I have caught up with the dividends payments during 2020. I have also managed to make my simplistic analysis of all my current holdings and unfortunately all of them are not in the state that one would have liked to see. The three big ones there are my two German banks DB and Coba but also K+S has now joined the children choir of sorrow.

During these four months I have received:

Two dividend payments from Nike in total 17.63 €
Associated British Foods paid out 40.23 €
DBAG gave a nice payment of 232.50 €
Intel arrived with 39.88 €
TJX with measly 13.10 €
IBM with 35.48 €
and finally BP with 72.06 €

As tradition holds all dividends are re-invested with my monthly purchase.

This year will most likely not be very fruitful in terms of dividends due to two reasons:

1. Over 50% of my holdings are in non dividend paying ETFs
2. Many companies have decided to hold on to the cash from 2019.

I've also started to read other finance blogs and it is interesting to see how many of them have handed in the towel. I hope this is because they got tired of writing articles and that they privately are still enjoying the great fun of investing!

I hope all of you are busy reading up on companies and catching some good ones that are now more reasonably priced and you can be sure that I will, in the end of each month!

To see a bit more in details please visit my Stock Dividends page.

Analysis of Intel 2020

Company: Intel 

ISIN US4581401001 | WKN 855681 

Business: An American hardware producer (mainly processor). They have larger units Data-Centric and PC-Centric with the segments:  Data Centric Group, Internet of Things Group, Mobileye, Memory Business, Programmable Solutions Group, Client Centric Group.

Active: Products are sold world wide. 

P/E: 12.6

To find out more concerning Intel then please go to Analysis of Intel 2018.

The P/E of Intel is very low with 12.6 but the P/B is up at 3.4 which means that the company would be a no go for Graham. The earnings to sales are excellent with 29% as is the ROE with 27%. The book to debt ratio is still good with 1.3.

In the last five years they have managed to have a yearly revenue growth rate of 5.4% which I find very good and this gives us a motivated P/E of between 115 to 19. This means that Intel is today undervalued  by the stock market today. They only paid 12.5% in taxes which is ridiculously low.

To stay on top of things they spend a lot of money on R&D to the size of 63% of their earnings which I find reasonable.

They pay a small dividend of 2.0% which correspond to 26% of their earnings and clearly there is room for improvement with yearly increases as they have been doing in the past.

Future: Chips are here to stay. Competitors have arrived and gone and they did make a business opportunity losses in the mobile and tablet market to ARM but what followed in the wake of all these low storage units was cloud servers and there Intel has been standing on very firm ground.

Conclusion: Graham says no but I would say yes to Intel. However due to my fairly significant holding in Intel which is not based on the size of my initial investment but based on the development of Intel and the share price increase that has followed I am personally no longer interested in increasing my holding but I will just watch it grow and count my blessings for stepping in at a good point in time for Intel. 

Dividends from Intel, TJX, IBM and BP: June 2018

For my 135 shares in Intel I received a total of 34.50 € in dividends. From this 5.18 € was removed in taxes and I was left with 29.32 € as cash on my broker account.

To find out more about Intel then please click here.

For my 32 shares in TJX I received in total 10.52 € in dividends. The taxman took 1.58€ from this and I was left with 8.94 € as cash.

To find out more about TJX then please click here.

For my 25 shares in IBM I received 33.22 € in dividends. From this 4.99 € was removed in taxes to support the US economy and I was left with 28.23 € as cash on my broker account.

To find out more concerning IBM then please here.

For my 1,220 shares in BP I received a total of 103.49 € in dividends that were directly paid into my broker account as cash.

To find out more about BP then please click here.

To see my total dividend flow then please visit the Stock Dividends page that has now been updated. 

Analysis of Intel 2018

Company: Intel 

ISIN US4581401001 | WKN 855681 

Business: An American hardware producer (mainly processor). The segments that they present are: Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group and finally Programmable Solutions Group.

Active: Products are sold world wide. 

P/E: 25.2

To find out more concerning Intel then please go to analysis of Intel 2017.

The P/E of Intel is pretty high with 25.2 as is the P/B with 3.5 which means that the company would be of no interest to Graham. The earnings to sales are ok with 15% but the ROE is on the low side with only 13.9%. The book to debt ratio is however good with 1.3.

In the last five years they have managed to have a yearly revenue growth rate of 3.6% which I find acceptable and this gives us a motivated P/E of between 13 to 16. This means that Intel is overvalued by the stock market today however without the large tax then they would have fallen within this region.

To stay on top of things they spend a lot of money on R&D to the size of almost 140% of their earnings which I find to be a lot but at the same time gives assurance that they will catch up to or even surpass their competitors.

They pay a small dividend of 2.1% which correspond to 53% of their earnings which I find acceptable once again considering the tax payment.

Conclusion: Graham says no and so do I. The P/E and P&B is too high, the ROE too low as is the dividends. I will remain as a shareholder but I consider Intel to be fairly valued at the moment and I will not increase my holding.