New purchase : Kesko Oyj

Added 10 shares of Kesko Oyj (HEL:KESKOB) at 18.15€ per share. I now hold 65 shares of Kesko Oyj

Summary Q3 / 2025

 During Q3 / 2025 this portfolio collected following dividends

• Jul:   753.88€       (2024: 718.48€ 2023: 631.29€ 2022: 670.27€ )
• Aug: 733.13€       (2024: 673.31€ 2023: 543.88€ 2022: 536.10€)
• Sep:  779.46€       (2024: 731.61€ 2023: 740.81€ 2022: 604.96€)

Total of  2266.47€           (2024: 2123.40€ 2023: 1915.98€ 2022: 1811.33€ )

Quarterly target was 2250€ which was barely reached. Declining USD/EUR rate and few surprise dividend cuts had an effect.

Summary Q2 / 2025

 During Q2 / 2025 this portfolio collected following dividends

• Apr: 1061.13€   (2024: 1273.55€ 2023: 1039.11€ 2022: 1122.68€)
• May: 1072.07€   (2024: 807.81€ 2023: 633.53€ 2022: 694.35€) 
• Jun:   970.32€   (2024: 871.32€ 2023: 643.47€ 2022: 514.35€)

Total of  3103.52€  (2024: 2952.68€ 2023: 2304.86€ 2022: 2331.38€ 2021: 1417.84€)

Quarterly target was 2250€ which was easily achived with a big gap.

 

Summary Q1 / 2025

 During Q1 / 2025 this portfolio collected following dividends

• Jan:    774.48€     (2024: 667.02€ 2023: 670.22€ 2022: 552.45€ )
• Feb:    670.04€     (2024: 566.80€ 2023: 444.15€ 2022: 467.06€ )
• Mar: 1219.87€    (2024: 744.01€ 2023: 790.81€ 2022: 576.42€ )

Total of  2664.42€       (2024: 1977.83€ 2023: 1905.18€ 2022: 1595.93€ )

Quarterly target was 2250€ which was easily achieved

Status update : September 2025

 Dividends received in September

- 24.14 from Canadian Utilities
- 52.76 from Enbridge Inc.
- 48.40 from Fortis Inc
- 15.60 from Sanoma Oyj
- 18.30 from Southern Company
- 40.42 from Amgen Inc.
- 21.07 from AGNC Investment
- 6.77 from Emerson Electric
- 21.42 from Realty Income
- 39.02 from Pembina Pipeline
- 16.56 from EPR Properties
- 6.39 from First_National Financial
- 19.38 from Whitecap Resources
- 69.58 from Main Street
- 37.51 from Flowers Foods
- 23.59 from Parex Resources
- 13.32 from Kontoor Brands
- 10.23 from Prospect Capital
- 3.79 from VF Corporation
- 22.10 from Dominion Energy
- 12.16 from LTC Properties
- 64.40 from Ares Capital
- 49.71 from T.Rowe_Price_Group 
- 17.50 from Capman Oyj
- 19.12 from Saratoga Investment
- 24.39 from Gladstone Investment_Corp
- 34.53 from SFL Corporation
- 10.79 from Gladstone Commercial_Corp
- 36.52 from Gladstone Capital_Corp

This makes a total of 779.46 in dividends received from 29 companies. Previous year I received 731.61 in September. This is a 6.54%% change in dividends

Progress update : September 2025

Quote	2022	2023	2024	2025	1y chg	2y chg	3y chg
Canadian Natural_Resources	60.10	-	-	-
Canadian Utilities	28.54	25.95	25.68	24.14	-6.00%	-6.97%	-15.4%
Enbridge Inc.	32.95	30.22	30.54	52.76	72.76%	74.59%	60.12%
Fortis Inc	16.98	21.53	44.05	48.40	9.88%	124.8%	185.0%
Sanoma Oyj	-	9.10	15.60	15.60	0.00%	71.43%
Southern Company	19.92	18.95	18.81	18.30	-2.71%	-3.43%	-8.13%
Amgen Inc.	11.61	27.74	40.36	40.42	0.15%	45.71%	248.1%
AGNC Investment	24.17	22.95	22.31	21.07	-5.56%	-8.19%	-12.8%
Emerson Electric	7.58	7.27	7.14	6.77	-5.18%	-6.88%	-10.6%
Realty Income	13.14	16.29	22.07	21.42	-2.95%	31.49%	63.01%
Pembina Pipeline	14.35	42.02	41.09	39.02	-5.04%	-7.14%	171.9%
EPR Properties	10.18	9.51	12.77	16.56	29.68%	74.13%	62.67%
First_National Financial	-	-	-	6.39
Whitecap Resources	-	-	10.85	19.38	78.62%
Main Street	27.52	45.83	56.79	69.58	22.52%	51.82%	152.8%
Flowers Foods	10.10	38.48	38.31	37.51	-2.09%	-2.52%	271.3%
Parex Resources	-	-	-	23.59
Kontoor Brands	9.17	13.48	13.49	13.32	-1.26%	-1.19%	45.26%
Prospect Capital	16.46	15.21	14.52	10.23	-29.5%	-32.7%	-37.8%
VF Corporation	22.71	14.09	4.05	3.79	-6.42%	-73.1%	-83.3%
Dominion Energy	25.86	24.28	23.21	22.10	-4.78%	-8.98%	-14.5%
LTC Properties	14.52	13.46	12.73	12.16	-4.48%	-9.66%	-16.2%
Orchid Island	13.44	12.68	-	-	%
Ares Capital	73.76	71.57	67.91	64.40	-5.17%	-10.0%	-12.6%
T.Rowe_Price_Group	-	-	33.34	49.71	49.10%
Triton International	63.79	63.13	-	-	%
Capman Oyj	17.50	20.00	10.00	17.50	75.00%	-12.5%	0.00%
Saratoga Investment	-	30.14	59.69	19.12	-67.9%	-36.5%
Gladstone Investment_Corp	19.98	57.93	22.16	24.39	10.06%	-57.9%	22.07%
SFL Corporation	47.48	45.93	48.94	34.53	-29.4%	-24.8%	-27.2%
Gladstone Commercial_Corp	3.18	11.95	11.38	10.79	-5.18%	-9.71%	239.3%
Gladstone Capital_Corp	-	31.12	23.82	36.52	53.32%	17.35%
Total	604.99	740.81	731.61	779.46	6.54%	5.22%	28.84%

Recent sale : Flowers Foods Inc.

Sold my whole position in Flowers Foods Inc. (NYSE:FLO) at $12.99 per share. Flowers Foods has been declining all year, should have made this move earlier already. This sale was made to get some tax deductions, I'm planning to re-enter when Flowers Foods situation gets better and BUY signals are raised.

New purchase : Huhtamaki Oyj

Added 15 shares of Huhtamaki Oyj (HEL:HUH1V) at 29.84€ per share. I now hold 70 shares of Huhtamaki Oyj

Dividend increase #39 of 2025 : W. P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.910 per share, equivalent to an annualized dividend rate of $3.64 per share. The dividend is payable on October 15, 2025 to stockholders of record as of September 30, 2025.

New purchase : Realty Income Corporation

Added 15 shares of Realty Income Corporation (NYSE:O) at $60.73 per share. I now hold 108 shares of Realty Income Corporation

Gladstone Capital Corporation to pay supplemental dividend in September

Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following additional supplemental cash distribution to common stockholders payable in September 2025.

Common Stock: A supplemental distribution of $0.10 per share of common stock in September 2025 

• Record Date: September 23
• Payment Date: September 29
• Cash Distribution: $0.10

Dividend increase #38 of 2025 : Realty Income Corp.

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced it has declared an increase in the company's common stock monthly cash dividend to $0.2695 per share from $0.2690 per share. The dividend is payable on October 15, 2025, to stockholders of record as of October 1, 2025. The new monthly dividend represents an annualized dividend amount of $3.234 per share as compared to the prior annualized dividend amount of $3.228 per share.

New purchase : Canadian Natural Resources

Added 30 shares of Canadian Natural Resources (TSE:CNQ) at CAD 41.87 per share. I now hold 204 shares of Canadian Natural Resources

Dividend increase #37 of 2025 : Verizon Communications Inc.

Verizon (VZ) declared a quarterly dividend of 69c per share, an increase of 1.25c per share from the previous quarter. The dividend is payable on November 3, to shareholders of record at the close of business on October 10

Progress update : August 2025

s log Aug-2025

Quote	2022	2023	2024	2025	1y chg	2y chg	3y chg
Medifast Inc.	-	22.43	-	-
National_Bank_of_Canada	-	-	18.29	18.51	1.20%
AT&T	27.11	25.25	25.72	24.33	-5.40%	-3.64%	-10.2%
Lowes Companies	-	7.99	17.86	17.56	-1.68%	119.7%
Verizon Communications	42.45	49.11	50.89	49.06	-3.60%	-0.10%	15.57%
Nokia	7.50	11.25	11.25	13.13	16.71%	16.71%	75.07%
AGNC Investment	24.14	22.45	22.56	21.14	-6.29%	-5.84%	-12.4%
National_Health_Investors	25.45	23.75	28.25	26.70	-5.49%	12.42%	4.91%
Enterprise Products	26.91	-	-	-
Emera Inc.	32.74	37.90	47.86	50.72	5.98%	33.83%	54.92%
Alliance Resource	18.76	-	-	-
Procter_&_Gamble	-	-	4.55	14.44	217.3%
NNN Reit_Inc	-	-	-	28.70
Omega Healthcare	66.51	62.38	61.87	58.26	-5.83%	-6.60%	-12.4%
AbbVie Inc.	57.64	56.74	58.93	58.84	-0.15%	3.70%	2.08%
Realty Income	12.93	15.91	22.21	21.40	-3.65%	34.51%	65.51%
Pembina Pipeline	14.37	-	-	-
EPR Properties	9.90	9.28	12.90	16.63	28.91%	79.20%	67.98%
First_National Financial	-	-	-	6.47
Whitecap Resources	-	-	10.88	19.64	80.51%
Main Street	18.23	20.22	21.36	32.04	50.00%	58.46%	75.75%
Lazard Ltd	22.74	-	-	-
Prospect Capital	16.06	14.93	14.57	10.43	-28.4%	-30.1%	-35.0%
Telia Company	-	27.10	29.21	30.27	3.63%	11.70%
Royal_Bank_of_Canada	25.71	33.19	47.92	48.64	1.50%	46.55%	89.19%
Bank_of_Montreal	-	19.98	41.22	40.40	-1.99%	102.2%
LTC Properties	14.21	13.13	12.85	12.22	-4.90%	-6.93%	-14.0%
Arbor Realty_Trust	-	-	54.57	36.14	-33.7%
Crestwood Equity	38.39	-	-	-
Orchid Island	18.99	12.38	-	-	%
Saratoga Investment	-	-	-	19.38
Gladstone Investment_Corp	15.36	22.57	22.25	24.54	10.29%	8.73%	59.77%
Gladstone Commercial_Corp	-	11.60	11.43	10.85	-5.07%	-6.47%
Gladstone Capital_Corp	-	24.34	23.91	22.69	-5.10%	-6.78%
Total	536.10	543.88	671.31	733.13	9.21%	34.80%	36.75%