Dividend increase #2 of 2024 : T. Rowe Price Group Inc.

T. Rowe Price (NASDAQ:TROW) declares $1.24/share quarterly dividend, 1.6% increase from prior dividend of $1.22, Forward yield 4.46%. Payable March 28; for shareholders of record March 15; ex-div March 14.

 

Dividend decrease #1 of 2024 : Kesko Oyj

Kesko Oyj (KESKOB.HE) board proposes dividend of 1.02 per share from year 2023. Previous dividend was 1.08 per share, so this is a -5% decrease. My Kesko Oyj position is still so small that this decrease does not have visible impact on my 12month forward dividends. Kesko also changed their payment schedule. This year Kesko will pay dividends in 4-7-10 only.

 

New purchase : Whitecap Resources Inc.

Added 150 shares of Whitecap Resources Inc. (TSE:WCP) at CAD 8.64 per share. I now hold 270 shares of Whitecap Resources Inc.

 

Dividend increase #1 of 2024 : Canadian Utilities Limited

The Board of Directors of Canadian Utilities Limited, an ATCO Company, today declared a first quarter dividend of 45.31 cents per Class A non-voting (TSX:CU) and Class B common share (TSX:CU.X), a one percent increase over the 44.86 cents paid in each of the four previous quarters.  This common share dividend is payable March 1, 2024, to shareholders of record on February 1, 2024.

 

New purchase : Aspo Oyj

Started a new position in portfolio by purchasing 30 shares of Aspo Oyj (ASPO.HE) at 6.28€ per share. I plan to increase this position monthly at least until April dividends are payed.

Aspo Plc is a Finland-based conglomerate engaged in the ownership and development of a number of business-to-business corporate brands. Its brands include ESL Shipping, Leipurin, Telko and Kaukomarkkinat. ESL Shipping conducts sea transportation of raw materials for industry and the energy sector and offers related services. Telko acquires and supplies plastic raw materials, chemicals and lubricants to industry. Its customer service also covers technical support and the development of production processes. Leipurin provides solutions particularly for bakery customers and food industry and to retail trade and chain customers in the foodservice business. Other operations include Aspo Group’s administration, the financial and ICT service center, and a small number of other operations not covered by the reportable segments. The Company operates worldwide 

Recent sale : Panostaja Oyj

Sold my position in Panostaja Oyj (PNA1V.HE) due to company not paying dividends this year at all. Very disappointing.

Summary of Year 2023

61 companies paying dividends in 2023.

 Sales:

• Triton International (TRTN) was bought and delisted. This was my most succesful investment so far with almost 400% profit
• Orchid Island (ORC) started another dividend cut round so I sold all my shares for good.
• Warner Bros Discovery (WBD) was sold away as I needed some tax deductions for TRTN profits.
• I did sell & purchase back few days later round with Chimera Investment Corp (CIM) and VF Corp (VFC) in order to get more tax deductions for TRTN profits.
  

Dividends:

• 9 companies cut dividends during 2023
  
• Annaly Capital Management (NLY)
  
• Gladstone Commercial Corporation (GOOD)
• Fortum Oyj (FORTUM.HE)
• Telia Company (TELIA.ST)
• Algonquin Power and Utilities Corp (AQN.TO)
• VF Corporation (VFC) - cut twice!
  
• Sanoma Oyj (SANOMA.HE)
• Chimera Investment Corporation (CIM)
• W. P. Carey Inc. (WCP)
  
• 39 companies increased dividend during the year
• 53 different dividend increases reported
• 12 companies did not make changes to dividend during the year
  

Total amount of dividends in 2023 was 8493.82€. This is a 10.26% increase in dividends when compared to previous year.

Summary Q4 / 2023

  During Q4 / 2023 this portfolio collected following dividends

• Oct:  760.25€       (2022: 729.68€ 2021: 761.43€  2020: 359.44€ )
• Nov: 656.44€       (2022: 636.59€ 2021: 522.36€  2020: 337.37€ )
• Dec:  939.86€       (2022: 600.93€ 2021: 446.03€  2020: 361.57€ )

Total of 2356.55€            (2022: 1967.20€ 2021: 1729.82€  2020: 1058.38€ )

Quarterly target was 1800€ which was clearly passed

New purchase : Arbor Realty Trust Inc.

Started a new position in portfolio by purchasing 80 shares of Arbor Realty Trust Inc. (NSQ:ABR).

Arbor Realty Trust, Inc. is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily, single-family rental (SFR) and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity. The Company operates through two segments: Structured Business and Agency Business. It also invests in real estate-related joint ventures and in real estate-related notes and certain mortgage-related securities. It focuses on various investment types, which include Bridge Financing, Preferred Equity Investments, Mezzanine Financing, Junior Participation Financing, Single-Family Rental Portfolio Financing, Structured Transactions, government-sponsored enterprises (GSE) and Housing and Urban Development (HUD) Agency Lending and Private Label. It also underwrites, originates and services long-term permanent fixed rate loans on SFR properties.

Status update : December 2023

 Dividends received in December

- 25.73 from Canadian Utilities
- 30.14 from Enbridge Inc.
- 30.25 from Fortis Inc
- 22.27 from Coca-Cola 
- 18.83 from Southern Company
- 33.49 from Amgen Inc.
- 22.88 from AGNC Investment
- 7.32 from Emerson Electric
- 21.75 from Realty Income
- 40.99 from Pembina Pipeline
- 9.22 from EPR Properties
- 5.00 from Whitecap Resources
- 44.41 from Main Street
- 37.34 from Flowers Foods
- 13.68 from Kontoor Brands
- 14.80 from Prospect Capital
- 10.80 from Kesko Oyj
- 4.10 from VF Corporation
- 23.69 from Dominion Energy
- 13.01 from LTC Properties
- 68.01 from Ares Capital
- 33.41 from T.Rowe_Price_Group 
- 58.64 from Saratoga Investment
- 268.92 from Gladstone Investment_Corp
- 45.73 from SFL Corporation
- 11.44 from Gladstone Commercial_Corp
- 24.01 from Gladstone Capital_Corp

This makes a total of 939.86 in dividends received from 27 companies. Previous year I received 600.93 in December. This is a 56.40% change in dividends. Huge increase is due to extra dividend paid by Gladstone Investment Corporation.

Progress update : December 2023

Quote	2020	2021	2022	2023	1y chg	2y chg	3y chg
Canadian Utilities	6.99	25.79	26.86	25.73	-4.21%	-0.23%	268.1%
Enbridge Inc.	25.97	28.82	30.38	30.14	-0.79%	4.58%	16.06%
Fortis Inc	-	10.71	22.51	30.25	34.38%	182.4%
Coca-Cola	17.83	19.69	21.97	22.27	1.37%	13.10%	24.90%
Southern Company	15.32	16.95	18.84	18.83	-0.05%	11.09%	22.91%
Amgen Inc.	-	-	14.70	33.49	127.8%
AGNC Investment	11.54	21.75	23.32	22.88	-1.89%	5.20%	98.27%
Emerson Electric	6.52	6.84	7.40	7.32	-1.08%	7.02%	12.27%
Stora Enso	31.50	-	-	-
Realty Income	10.17	11.53	15.86	21.75	37.14%	88.64%	113.8%
Pembina Pipeline	-	9.69	13.52	40.99	203.1%	323.0%
EPR Properties	-	8.18	9.53	9.22	-3.25%	12.71%
Whitecap Resources	-	-	-	5.00
Main Street	14.46	24.57	28.88	44.41	53.77%	80.75%	207.1%
Flowers Foods	-	-	19.56	37.34	90.90%
Kontoor Brands	6.56	8.14	13.56	13.68	0.88%	68.06%	108.5%
Prospect Capital	10.79	11.66	15.25	14.80	-2.95%	26.93%	37.16%
Kesko Oyj	-	-	-	10.80
VF Corporation	14.04	19.92	21.60	4.10	-81.0%	-79.4%	-70.8%
Telia Company	34.72	-	-	-
Dominion Energy	20.09	21.77	24.88	23.69	-4.78%	8.82%	17.92%
LTC Properties	11.61	12.57	13.34	13.01	-2.47%	3.50%	12.06%
Orchid Island	14.92	24.08	12.57	-	-100.%	-100.%
Ares Capital	38.93	57.09	75.70	68.01	-10.1%	19.13%	74.70%
T.Rowe_Price_Group	-	-	-	33.41
Triton International	44.92	55.14	63.37	-	-100.%	-100.%
Saratoga Investment	-	-	-	58.64
Gladstone Investment_Corp	-	18.94	49.10	268.92	447.7%	1319.%
SFL Corporation	24.69	32.20	43.71	45.73	4.62%	42.02%	85.22%
Gladstone Commercial_Corp	-	-	14.92	11.44	-23.3%
Gladstone Capital_Corp	-	-	-	24.01
Total	361.57	446.03	600.93	939.86	56.40%	110.7%	159.9%