Dividend increase #4 of 2023 : Stora Enso Oyj

Stora Enso Oyj board proposes dividend of 0.60€ per share from year 2022. This is the highest dividend ever from Stora Enso and a nice 9.1% increase over the dividend from previous year. Very nice.

Dividend cut #3 of 2023 : Telia Company

Telia board proposes dividend of 2.00 SEK for year 2022. The dividend from previous year was 2.05 SEK so this a small decrease. One more disappointment from this company.

 

Dividend increase #3 of 2023 : Nokia Oyj

Nokia reported Q4 results and board proposal for dividend from 2022 is 0.12 eur per share. Dividend from previous year was 0.08 eur so this is a nice increase. Nokia reinstated dividend last year, so only 3 quarterly payments were made last year.

Dividend cut #2 of 2023 : Algonquin Power & Utilities Co

Algonquin Power & Utilities Company (TSE:AQN) announced a dividend cut. Effective for its first quarter 2023 dividend (expected to be payable in April 2023), AQN intends to lower its quarterly dividend from $0.1808 to $0.1085 per common share, improving financial flexibility. AQN will continue distributions to shareholders with a sustainable dividend that is expected to grow in general alignment with Adjusted Net Earnings per share.

 

New Purchase : Lowe's Companies Inc.

Started new position in portfolio by purchasing 5 shares of Lowe's Companies Inc. (NYSE:LOW) at $210.81 per share. Lowe's Companies Inc. pays dividend on 2-6-8-11 schedule and yield is low at 2.00% but recent annual increases have been quite nice.

 

Gladstone Investment Corporation to pay supplemental dividend in March

Gladstone Investment Corporation (Nasdaq:GAIN) announced today that its board of directors declared the following monthly cash distributions to common stockholders. The Company also announced its plan to report earnings for its third fiscal quarter ended December 31, 2022.

The Company will also pay a supplemental distribution of $0.24 per share to holders of its common stock in March 2023. The board of directors will continue to evaluate the amount and timing of any additional, semi-annual or incremental, supplemental distributions in future periods.

Common Stock: $0.08 per share of common stock for each of January, February, and March 2023, and a supplemental distribution of $0.24 per share of common stock in March 2023, all payable per the table below.

Record Date		Payment Date		Cash Distribution
January 20		January 31		$0.08
February 17		February 28		0.08
March 3		March 15		0.24*
March 17		March 31		0.08
Total for the Quarter:				$0.48

*Denotes supplemental distribution to common stockholders.

Dividend cut #1 of 2023 : Gladstone Commercial Corporation

Gladstone Commercial Corporation  board of directors has taken what it believes is the prudent path and reduced the run rate on its monthly dividend (from $0.1254 to $0.10). In addition, and in support of the capital preservation effort, the Company's investment adviser has agreed to amend the current Advisory Agreement to waive the applicable incentive fee for the quarters ending March 31, 2023 and June 30, 2023. Buzz Cooper, the Company's President, stated, "We believe that the dividend cut, along with the temporary incentive fee waiver, will help the Company to maintain a strong balance sheet in 2023."

Dividend increase #1 of 2023 : Vermilion Energy Inc.

Vermilion Energy Inc. (TSE:VET) announces a 25% increase to Q1 2023 quarterly cash dividend to $0.10 CDN per share, which equates to an annual dividend of $0.40 CDN per share, approximately 5% of forecasted 2023 FFO. This increase aligns with VET dividend policy of providing ratable increases while ensuring the annual dividend amount is sustainable at mid-cycle pricing.

 

New purchase: Verizon Communications

Added 15 shares of Verizon Communications (NYSE:VZ) at $39.69 per share. I now hold 83 shares of Verizon Communications

Progress update: December 2022

 

Quote	2019	2020	2021	2022	1y chg	2y chg	3y chg
Canadian Utilities	-	6.99	25.79	26.86	4.15%	284.2%
Enbridge Inc.	15.03	25.97	28.82	30.38	5.41%	16.98%	102.1%
Fortis Inc	-	-	10.71	22.51	110.1%
Coca-Cola	19.04	17.83	19.69	21.97	11.58%	23.22%	15.39%
Southern Company	16.25	15.32	16.95	18.84	11.15%	22.98%	15.94%
Amgen Inc.	-	-	-	14.70
AGNC Investment	13.11	11.54	21.75	23.32	7.22%	102.0%	77.88%
Emerson Electric	6.77	6.52	6.84	7.40	8.19%	13.50%	9.31%
Stora Enso	-	31.50	-	-
Realty Income	7.75	10.17	11.53	15.86	37.55%	55.95%	104.6%
Pembina Pipeline	-	-	9.69	13.52	39.53%
EPR Properties	10.06	-	8.18	9.53	16.50%	%
Main Street	34.36	14.46	24.57	28.88	17.54%	99.72%	-15.9%
Flowers Foods	-	-	-	19.56
Kontoor Brands	10.10	6.56	8.14	13.56	66.58%	106.7%	34.26%
Prospect Capital	11.87	10.79	11.66	15.25	30.79%	41.33%	28.48%
VF Corporation	15.15	14.04	19.92	21.60	8.43%	53.85%	42.57%
Telia Company	-	34.72	-	-
Dominion Energy	29.62	20.09	21.77	24.88	14.29%	23.84%	-16.0%
LTC Properties	12.71	11.61	12.57	13.34	6.13%	14.90%	4.96%
Orchid Island	-	14.92	24.08	12.57	-47.8%	-15.7%
Ares Capital	26.15	38.93	57.09	75.70	32.60%	94.45%	189.4%
Triton International	45.03	44.92	55.14	63.37	14.93%	41.07%	40.73%
Gladstone Investment_Corp	-	-	18.94	49.10	159.2%
SFL Corporation	63.27	24.69	32.20	43.71	35.75%	77.04%	-30.9%
Gladstone Commercial_Corp	-	-	-	14.92
Total	350.06	361.57	446.03	600.93	34.73%	66.20%	71.66%

 

Status update: December 2022

Dividends received in December

- 26.86 from Canadian Utilities
- 30.38 from Enbridge Inc.
- 22.51 from Fortis Inc
- 21.97 from Coca-Cola 
- 18.84 from Southern Company
- 14.70 from Amgen Inc.
- 23.32 from AGNC Investment
- 7.40 from Emerson Electric
- 15.86 from Realty Income
- 13.52 from Pembina Pipeline
- 9.53 from EPR Properties
- 28.88 from Main Street
- 19.56 from Flowers Foods
- 13.56 from Kontoor Brands
- 15.25 from Prospect Capital
- 21.60 from VF Corporation
- 24.88 from Dominion Energy
- 13.34 from LTC Properties
- 12.57 from Orchid Island
- 75.70 from Ares Capital
- 63.37 from Triton International
- 49.10 from Gladstone Investment_Corp
- 43.71 from SFL Corporation
- 14.92 from Gladstone Commercial_Corp

This makes a total of 600.93 in dividends received from 24 companies. Previous year I received 446.03 in December. This is a 34.73% change in dividends

 

Summary of Year 2022

 60 companies paying dividends in 2022.

 Sales:

• Sold out 5 companies during 2022
• Sold Alliance Resource Partners L.P
• Sold Enterprise Product Partners L.P.
• Sold Crestwood Equity Partners L.P
• Sold Lazard Ltd
• All above sales were due to U.S. Legilation change for Limited Partnerships
• Sold Store Capital Corporation as it was acquired by another company and to be delisted from stock market.
  

Dividends:

• 3 companies cut dividends during 2022
  
• Chimera Investment Corporation
• AT&T spinned out Warner Bros Discovery and cut dividend at the same time
  
• Orchid Island Capital Corporation made 3 cuts and reverse split
  
• 40 companies increased dividend during the year
• 47 different dividend increases reported
• 13 companies did not make changes to dividend during the year
  

Total amount of dividends in 2022 was 7705.94€. This is a 42.53% increase in dividends when compared to previous year.

Summary : Q4 / 2022

 During Q4 / 2022 this portfolio collected following dividends

• Oct:  729.68€       (2021: 761.43€  2020: 359.44€  2019: 422.32€ )
• Nov:  636.59€       (2021: 522.36€  2020: 337.37€  2019: 344.71€)
• Dec:  600.93€       (2021: 446.03€  2020: 361.57€  2019: 350.06€)

Total of 1967.20€            (2021: 1729.82€  2020: 1058.38€  2019: 1117.09€)

Quarterly target was 1350€ which was passed with huge margin.