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.

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 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 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 TJX 2020

Company: TJX 

ISIN US8725401090 | WKN 854854 

Business: An American off-price apparel and home fashions retailer. They use several store names based on take overs and store concept and in the U.S. they have T.J. Maxx, Marshalls, HomeGoods, Sierra Trading Post and in Canada they have Winners, HomeSense, Marshalls and in Europe they got T.K. Maxx and HomeSense. 

Active: in the US, Canada, the Netherlands, Germany, the UK, Poland, Ireland, Austria and Australia.

P/E: 18.2

Here you can find the previous Analysis of TJX 2018. Since the previous analysis they have made a 1:2 share split.

The P/E of TJX is on the high side for me with 18.2 and the P/B is extremely high with 10 which gives a clear no go from Graham. The earnings to sales are ok with 8% and the ROE is excellent with 55% but due to debt leverage. The book to debt ratio is low with 0.3. Debt has significantly increased due to new lease standard which influences the balance sheet.

In the last five years they have shown an impressive yearly revenue growth rate of 6.2% which then also gives us a motivated P/E of 16 to 21 which means that TJX is today fairly valued by the market.

They pay a silly dividend in the size of 1.9% which corresponds to 34% of their earnings so it should be easy to maintain as well as increase in the future.

Future: Will people continue to want to buy fashion brands cheap even if it is a season later? I tend to think so. What did they fashion brands previously do with their out of season garments? Bin them? Now TJX is happy to take it and sell it cheap so sustainability is also good in my opinion.

Conclusion: Graham says no and I say yes. I like TJX. My latest garment shopping rounds have been to TK Maxx stores. I consider this to be a good moment to buy them at a fair price based on my overweight in retail if I would have had any money to invest with today then I would have bought Tessenderlo instead just to put it into perspective.

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 TJX 2018

Company: TJX 

ISIN US8725401090 | WKN 854854 

Business: An American off-price apparel and home fashions retailer. They use several store names based on take overs and store concept and in the U.S. they have T.J. Maxx, Marshalls, HomeGoods, Sierra Trading Post and in Canada they have Winners, HomeSense, Marshalls and in Europe they got T.K. Maxx and HomeSense. 

Active: in the US, Canada, the Netherlands, Germany, the UK, Poland, Ireland Austria and Australia.

P/E: 22.0

Here you can find the previous analysis of TJX 2017. 

The P/E of TJX is a bit on the high side with 22.0 and the P/B is extremely high with 12.7 which gives a clear no go from Graham. The earnings to sales are so, so with 7% and the ROE is excellent with 58% but due to debt leverage. The book to debt ratio is low with 0.6.

In the last five years they have shown an impressive yearly revenue growth rate of 5.5% which then also gives us a motivated P/E of 16 to 20 which means that TJX is today slightly overvalued by the market.

They pay a silly dividend in the size of 1.45% which corresponds to 32% of their earnings so it should be easy to maintain as well as increase in the future.

Conclusion: Graham says no and so do I. Today they are simply fairly valued by the market but on the other hand they are not so overvalued that it is worth to cash in on the investment and therefore I will remain as a shareholder.

TJX annual report 2017

As you notice I could not be bothered to wait for the "pretty" annual report and instead I went to the 10-K from SEC to get the data that I needed.

To read the report in full please go here, for my previous summary please visit TJX annual report 2016 and to find out more about TJX then please click on analysis of TJX 2017.

In the brief income statement below we can see that TJX continue their wonderful growth rate taking by stepping into one country after another. They have now also started to step into the Australian market. The revenu increased form 33.1 to 35.9 billion USD. Very good! When it comes to earnings they went from 2.3 to 2.6 billion USD which has lead to them making a dividend increase of 25%. To be fair though... their dividend payments have always been tiny so 25% of something that was almost nothing is still pretty much nothing.

Conclusion: TJX continue to do well and their strategy and market share is growing at a rapid yet sustainable rate. I am very pleased with this investment and will remain as a shareholder.

Dividend from ETF Austria, BP, IBM and TJX: March 2018

For my 80 parts in ETF Austria I received a total of 90.00 € that was directly reinvested. Last year it was only 75 € so a strong increase.

To find out more about ETF Austria then please click here.

For my 1,220 shares in BP I received a total of 99.57 €. From this no taxes were taken and it all went into my broker account.

To find out more about BP then please click here.

For my 25 shares in IBM I received a total of 30.43 € in dividends. From this was taken 4.57 € in taxes and I received 25.86 € as cash on my broker account.

To find out more concerning IBM then please here.

For my 32 shares in TJX I received a total of 8.06 € in dividends. From this was taken 1.21 € in taxes and I received 6.85 € as cash on my broker account.

To find out more about TJX then please click here.

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

Dividend from TJX, Intel, IBM, BP and ETF Portugal: December 2017

From my 32 shares in TJX I received 8.43 € in dividend. From this was taken 1.26 € in taxes and I received 7.17 € in cash on my broker account.

To find out more about TJX then please click here.

From my 135 shares in Intel I received a total of 30.84 € in dividend. From this was taken 4.63 € in taxes and I received 26.21 € as cash on my broker account.

To find out more about Intel please click here.

From my 25 shares in IBM I received 31.72 € in dividend. From this was taken 4.76 € in taxes and I received 26.96 € as cash on my broker account.

To find out more concerning IBM then please here.

From my 1220 shares in BP I received 102.05 € in dividend. No tax was taken from it and I received the full amount of 102.05 € in cash on my broker account.

To find out more about BP then please click here.

For my 740 parts in ETF Portugal I received a total of 48.61 € in dividends that were directly paid out as cash to my broker account.

To find out more about ETF Portugal then please click here.

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

Dividends from Deere, Cez, TJX, Intel, ETF Russia and ETF Portugal: August 2017

For my 30 shares in Deere I received a total of 15.20 € in dividends. From this was taken 2.28 € in taxes and I was left with 12.92 € as cash on my broker account.

To find out more about Deere then please click here.

For my 100 shares in Cez I received a dividend of 124.41 € but from this was taken 43.54 € in taxes and I was left with 80.87 € in cash on my broker account.

To find out more about Cez then please click here.

For my 32 shares in TJX I received a total dividend payment of 8.41 € from which was taken 1.26 € in taxes and I was left with 7.15 € on my broker account.

To find out more about TJX then please click here.

For my 135 shares in Intel I received a total of 30.80 € in dividends from which was taken 4.62 € in taxes and I received 26.18 € as cash on my broker account.

To find out more about Intel then please click here.

For my 270 parts in ETF Russia I received a total of 22.83 € in dividends that were directly paid out as cash on my broker account.

To find out more about ETF Russia then please click here.

For my 740 parts in ETF Portugal I received a total of 154.44 € i dividends that were directly paid out as cash to my broker account.

To find out more about ETF Portugal then please click here.

To see my total dividend flow then please visit the Stock Dividends page that will soon be updated. 

Dividends from Intel, TJX, E.ON, Uniper, IBM and BP: June 2017

From my 135 shares in Intel I received a dividend of 32.68 € from which it was taken 4.90 € in taxes and I was left with 27.78 € as cash on my broker account.

To find out more about Intel please click here.

TJX also paid out their silly dividend to me in the size of 8.88 € for my 32 shares from which was removed 1.33 € in taxes and I received 7.55 € as cash on my broker account.

To find out more about TJX then please click here.

For my 400 shares in E.On I received in total the payments of 84.00 € and from this I paid out 22.15 € in taxes which means that I received 61.15 € as cash on my broker account.

To find out more about E.On the please click here.

The gift that I received from E.On not that long ago in the form of 40 Uniper shares paid out a dividend of 22.00 € to me from which was taken 5.80 € in taxes and I ended up with 16.20 € as cash on my broker account.

To find out more about Uniper then please click here.

For my 25 shares in IBM I received a total of 33.34 € from which was taken 5.01 € in taxes which left me with 28.33 € in cash on my broker account.

To find out more about IBM then please click here.

For my 1220 shares in BP I received 107.70 € in dividends of which all of it was paid out as cash on my broker account.

To find out more about IBM then please click here.

To see my total dividend flow then please visit the Stock Dividends page that will soon be updated.