Dividend increase #20 of 2024 : SFL Corporation

The Board of Directors of SFL Corporation (NYSE:SFL) has declared a quarterly cash dividend of $0.27 per share. The dividend will be paid on or around June 26, to shareholders of record as of May 28, and the ex-dividend date on the New York Stock Exchange will be May 27, 2024.

 

New purchase : Fortis Inc.

Added 19 shares of Fortis Inc. (TSE:FTS) at CAD 56.18 per share. I now hold 112 shares of Fortis Inc.

Chimera Investment Corp announced reverse stock split 3-to-1

 Chimera Investment Corporation (NYSE: CIM) announced today that its Board of Directors has unanimously approved a reverse stock split of the Company’s common stock at a ratio of 1-for-3.

1-for-3 Reverse Stock Split

The reverse stock split is expected to take effect following the close of business on May 21, 2024. Accordingly every three issued and outstanding shares of the Company’s common stock will be converted into one share of the Company’s common stock. The Company’s common stock is expected to begin trading on the New York Stock Exchange on a post-reverse stock split basis beginning on May 22, 2024, under a new CUSIP number: 16934Q 802.

The Company is implementing the reverse stock split with the objective of reducing Chimera’s number of shares of common stock outstanding to more closely align with the number of common shares outstanding for companies of a similar market capitalization. As a result of the reverse stock split, the number of outstanding shares of Chimera’s common stock will be reduced from approximately 241.4 million to approximately 80.5 million. Concurrently, the number of shares of common stock the Company is authorized to issue will be reduced from 500 million to 166.7 million. Furthermore, the Company believes the reverse stock split will make the common stock more attractive to a broader range of investors, which has the potential to reduce share price volatility over time.

No fractional shares will be issued in connection with the reverse stock split. Instead, each stockholder that would hold fractional shares as a result of the reverse stock split will be entitled to receive, in lieu of such fractional shares, cash in an amount based on the closing price of the Company's common stock on the New York Stock Exchange on May 21, 2024. 

Since I own 175 shares of CIM, this reverse split will change my share count to 58

 

Dividend increase #19 of 2024: Pembina Pipeline Corp.

Pembina Pipeline (TSE:PPL) declares CAD 0.69/share quarterly dividend, 3.4% increase from prior dividend of CAD 0.67. Forward yield 5.49%, payable June 28; for shareholders of record June 17; ex-div June 17.

 

Dividend increase #18 of 2024 : Telus Corporation

The TELUS Board of Directors declared a quarterly dividend of $0.3891 per share on the issued and outstanding Common Shares of the Company payable on July 2, 2024 to holders of record at the close of business on June 10, 2024. This quarterly dividend reflects an increase of 7.0 per cent from the $0.3636 per share dividend declared one year earlier and consistent with our multi-year dividend growth program. When a dividend payment date falls on a weekend or holiday, the payment shall be made on the next succeeding day that is a business day.

Main Street Capital to pay supplemental dividend in June

In addition to the regular monthly dividends for the third quarter of 2024, the Board of Directors declared a supplemental cash dividend of $0.30 per share payable in June 2024. This supplemental cash dividend, which will be payable as set forth in the table below, will be paid out of Main Street's undistributed taxable income (taxable income in excess of dividends paid) as of March 31, 2024.

 

Dividend increase #17 of 2024 : Main Street Capital Corporation

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.245 per share for each of July, August and September 2024. These monthly dividends, which will be payable pursuant to the table below, total $0.735 per share for the third quarter of 2024 and represent a 2.1% increase from the regular monthly dividends declared for the second quarter of 2024 and a 6.5% increase from the regular monthly dividends paid in the third quarter of 2023. Since its October 2007 initial public offering, Main Street has periodically increased the amount of its regular monthly dividends paid per share and has never reduced its regular monthly dividend amount per share.

Summary of Third Quarter 2024 Regular Monthly Dividends
Declared	Ex-Dividend Date	Record Date	Payment Date	Amount Per Share
5/6/2024	7/8/2024	7/8/2024	7/15/2024	$0.245
5/6/2024	8/8/2024	8/8/2024	8/15/2024	$0.245
5/6/2024	9/6/2024	9/6/2024	9/13/2024	$0.245
		Total for Third Quarter 2024:		$0.735

New purchase : Bayerische Motoren Werke AG

Initiated a new position in portfolio by purchasing 10 shares of Bayerische Motoren Werke (XETR:BMW) at 103.50€ per share. Bayerische Motorwerke is a car manufacturing company from Germany.

BMW pays dividend annually in May

New purchase : Arbor Realty Trust

Added 61 shares of Arbor Realty Trust (NYSE:ABR) at $13.29 per share. I now hold 141 shares of Arbor Realty Trust

Canadian Natural Resources stock split 1-to-2

Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural") announced today that it has set June 3, 2024 as the record date (the "Record Date") for the previously announced two for one split of its common shares (the "Share Split"). The Share Split was approved by shareholders of Canadian Natural at its annual and special meeting of shareholders held on May 2, 2024. On June 10, 2024 (the "Payment Date"), shareholders of record as of the close of business on the Record Date will receive one additional share for every one common share held. 

 

 

Status update : April 2024

 Dividends received in April

- 51.50 from Telus Corporation
- 54.15 from Canadian Natural_Resources
- 59.19 from Iron Mountain
- 23.93 from Coca-Cola 
- 9.10 from Sanoma Oyj
- 30.48 from Aspo Oyj
- 358.80 from Nordea 
- 22.70 from AGNC Investment
- 85.68 from Fortum 
- 21.00 from Stora Enso
- 66.63 from Altria Group
- 67.77 from Trinity Capital
- 13.68 from Algonquin Power_and_Utils
- 46.94 from W.P. Carey
- 22.49 from Realty Income
- 9.86 from EPR Properties
- 11.18 from Whitecap Resources
- 21.69 from Main Street
- 18.75 from UPM-Kymmene 
- 5.32 from Vermilion Energy
- 15.22 from Prospect Capital
- 14.30 from Kesko Oyj
- 29.29 from Telia Company
- 42.65 from Bank_of_Nova_Scotia 
- 13.33 from LTC Properties
- 44.80 from Annaly_Capital_Management 
- 35.53 from Rithm Capital
- 18.01 from Chimera Investment
- 23.02 from Gladstone Investment_Corp
- 11.82 from Gladstone Commercial_Corp
- 24.74 from Gladstone Capital_Corp

This makes a total of 1273.55 in dividends received from 31 companies. Previous year I received 1039.11 in April. This is a 22.56% change in dividends

 

 

Progress update : April 2024

Quote	2021	2022	2023	2024	1y chg	2y chg	3y chg
Telus Corporation	31.51	37.33	35.92	51.50	43.37%	37.96%	63.44%
Canadian Natural_Resources	3.71	22.94	40.20	54.15	34.70%	136.0%	1359.%
Iron Mountain	51.71	56.03	55.74	59.19	6.19%	5.64%	14.47%
Coca-Cola	18.85	21.13	22.24	23.93	7.60%	13.25%	26.95%
Sanoma Oyj	18.20	18.90	9.10	9.10	0.00%	-51.8%	-50.0%
Aspo Oyj	-	-	-	30.48
Nordea	-	253.92	294.40	358.80	21.88%	41.30%
AGNC Investment	13.18	22.68	22.64	22.70	0.27%	0.09%	72.23%
Fortum	-	147.06	58.70	85.68	45.96%	-41.7%
Stora Enso	-	-	-	21.00
Altria Group	45.31	62.13	62.13	66.63	7.24%	7.24%	47.05%
Trinity Capital	-	-	45.59	67.77	48.65%
Algonquin Power_and_Utils	3.75	16.05	13.91	13.68	-1.65%	-14.7%	264.8%
W.P. Carey	47.10	56.00	55.76	46.94	-15.8%	-16.1%	-0.34%
Realty Income	10.41	12.13	15.77	22.49	42.61%	85.41%	116.0%
Pembina Pipeline	-	13.74	-	-
EPR Properties	-	9.41	9.22	9.86	6.94%	4.78%
Whitecap Resources	-	-	-	11.18
Main Street	14.73	17.14	19.64	21.69	10.44%	26.55%	47.25%
STORE Capital_Corp	11.38	25.64	-	-	%
UPM-Kymmene	32.50	32.50	18.75	18.75	0.00%	-42.3%	-42.3%
Vermilion Energy	-	2.87	4.43	5.32	20.09%	85.37%
Prospect Capital	10.96	14.85	14.78	15.22	2.98%	2.49%	38.87%
Kesko Oyj	-	-	-	14.30
Telia Company	62.00	60.87	27.59	29.29	6.16%	-51.8%	-52.7%
Bank_of_Nova_Scotia	17.52	28.87	26.82	42.65	59.02%	47.73%	143.4%
LTC Properties	11.84	13.51	12.95	13.33	2.93%	-1.33%	12.58%
Orchid Island	22.56	17.73	12.18	-	-100.%	-100.%
Annaly_Capital_Management	8.33	61.58	43.55	44.80	2.87%	-27.2%	437.8%
Rithm Capital	25.21	36.17	34.63	35.53	2.60%	-1.77%	40.94%
Chimera Investment	30.66	46.89	31.35	18.01	-42.5%	-61.5%	-41.2%
Gladstone Investment_Corp	-	14.61	22.38	23.02	2.86%	57.56%
Gladstone Commercial_Corp	-	-	11.50	11.82	2.78%
Gladstone Capital_Corp	-	-	17.24	24.74	43.50%
Total	491.42	1122.68	1039.11	1273.55	22.56%	13.44%	159.1%

Dividend increase #16 of 2024 : Southern Company

 Southern Company today announced it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.88 per share.  

This marks the 76th consecutive year that Southern Company has paid a dividend on its common stock that is equal to or greater than the previous quarter. Additionally, this is the 23^rd consecutive year the company has raised its dividend.

Southern Company also announced a regular quarterly dividend – including an increase of 2 cents per share over the prior quarter – of 72 cents per share, payable June 6, 2024 to shareholders of record as of May 20, 2024.

 

New purchase : EPR Properties

Added 13 shares of EPR Properties (NYSE:EPR) at $40.48 per share. I now hold 50 shares of EPR Properties

 

Dividend increase #15 of 2024 : Procter & Gamble Co

Procter & Gamble (NYSE:PG) declared $1.0065/share quarterly dividend, a 7% increase from the prior dividend of $0.9407. Forward yield 2.57%, Payable May 15; for shareholders of record April 19; ex-div April 18.

 

New purchase : Procter & Gamble Co.

Started new position in portfolio by purchasing 5 shares of Procter & Gamble Co. (NYSE:PG).

The Procter & Gamble Company is focused on providing branded consumer packaged goods to consumers across the world. The Company’s segments include Beauty, Grooming, Health Care, Fabric & Home Care and Baby, Feminine & Family Care. The Company’s products are sold in approximately 180 countries and territories primarily through mass merchandisers, e-commerce, including social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels. It also sells direct to individual consumers. It has operations in approximately 70 countries. It offers products under brands, such as Head & Shoulders, Herbal Essences, Pantene, Rejoice, Olay, Old Spice, Safeguard, Secret, SK-II, Braun, Gillette, Venus, Crest, Oral-B, Ariel, Downy, Gain, Tide, Always, Always Discreet, Tampax and others. 

 

Summary Q1 / 2024

 During Q1 / 2024 this portfolio collected following dividends

• Jan: 667.02€     (2023: 670.22€ 2022: 552.45€ 2021: 342.41€ )
• Feb: 566.80€     (2023: 444.15€ 2022: 467.06€ 2021: 274.73€ )
• Mar: 744.01€    (2023: 790.81€ 2022: 576.42€ 2021: 442.21€ )

Total of  1977.83€       (2023: 1905.18€ 2022: 1595.93€ 2021: 1059.35€ )

Quarterly target was 2100€ which was no met. Surprises appeared which affected reaching the target.

Status update : March 2024

Dividends received in March

- 26.16 from Canadian Utilities
- 30.99 from Enbridge Inc.
- 37.18 from Fortis Inc
- 18.63 from Southern Company
- 41.18 from Amgen Inc.
- 22.51 from AGNC Investment
- 7.21 from Emerson Electric
- 21.91 from Realty Income
- 41.10 from Pembina Pipeline
- 9.32 from EPR Properties
- 11.16 from Whitecap Resources
- 48.51 from Main Street
- 37.72 from Flowers Foods
- 13.80 from Kontoor Brands
- 14.83 from Prospect Capital
- 4.12 from VF Corporation
- 23.87 from Dominion Energy
- 13.27 from LTC Properties
- 31.51 from Arbor Realty_Trust
- 70.48 from Ares Capital
- 34.45 from T.Rowe_Price_Group 
- 60.85 from Saratoga Investment
- 22.97 from Gladstone Investment_Corp
- 48.72 from SFL Corporation
- 11.80 from Gladstone Commercial_Corp
- 24.76 from Gladstone Capital_Corp

This makes a total of 744.01 in dividends received from 26 companies. Previous year I received 790.81 in March. This is a -5.92% change in dividends

Progress update : March 2024

Quote	2021	2022	2023	2024	1y chg	2y chg	3y chg
Canadian Utilities	12.02	26.50	26.33	26.16	-0.65%	-1.28%	117.6%
Enbridge Inc.	27.42	30.48	30.64	30.99	1.14%	1.67%	13.02%
Fortis Inc	3.61	10.89	21.85	37.18	70.16%	241.4%	929.9%
Southern Company	15.61	17.54	18.47	18.63	0.87%	6.21%	19.35%
Amgen Inc.	-	-	22.15	41.18	85.91%
Nordea	25.76	-	-	-
AGNC Investment	11.78	22.56	23.36	22.51	-3.64%	-0.22%	91.09%
Emerson Electric	6.34	7.04	7.28	7.21	-0.96%	2.41%	13.72%
Stora Enso	63.00	115.50	126.00	-	-100.%	-100.%
Realty Income	10.42	11.88	16.29	21.91	34.50%	84.43%	110.2%
Pembina Pipeline	-	13.47	39.67	41.10	3.60%	205.1%
EPR Properties	-	8.38	9.45	9.32	-1.38%	11.22%
Whitecap Resources	-	-	-	11.16
Main Street	14.78	22.59	35.85	48.51	35.31%	114.7%	228.2%
Flowers Foods	-	-	24.48	37.72	54.08%
Lazard Ltd	15.51	-	-	-
Kontoor Brands	6.72	8.32	13.42	13.80	2.83%	65.87%	105.3%
Prospect Capital	11.07	14.70	14.87	14.83	-0.27%	0.88%	33.97%
VF Corporation	14.42	20.46	12.53	4.12	-67.1%	-79.8%	-71.4%
Dominion Energy	20.61	23.49	24.33	23.87	-1.89%	1.62%	15.82%
LTC Properties	12.14	12.89	13.16	13.27	0.84%	2.95%	9.31%
Arbor Realty_Trust	-	-	-	31.51
Crestwood Equity	31.69	-	-	-
Orchid Island	23.10	20.95	12.37	-	-100.%	-100.%
Ares Capital	43.91	63.87	69.49	70.48	1.42%	10.35%	60.51%
T.Rowe_Price_Group	-	-	-	34.45
Triton International	46.43	56.96	62.45	-	-100.%	-100.%
Capman Oyj	-	20.00	22.50	-	-100.%
Saratoga Investment	-	-	-	60.85
Gladstone Investment_Corp	-	11.38	77.56	22.97	-70.3%	101.8%
SFL Corporation	25.87	36.57	44.55	48.72	9.36%	33.22%	88.33%
Gladstone Commercial_Corp	-	-	11.61	11.80	1.64%
Gladstone Capital_Corp	-	-	10.15	24.76	143.9%
Total	442.21	576.42	790.81	744.01	-5.92%	29.07%	68.25%