I thought it would be useful for myself to have a summary by months (instead of the exact payment dates listing in StocksCafe) of the dividends received thus far as well as future dividends that will be received to plan for re-deployment.
Key Highlights:
1. As alluded to the above illustration, most of the Q1 dividend receipts are actually in the month of March 2024 whereas Jan and Feb have just a couple of hundreds of dollars.
2. StocksCafe unfortunately only has data from the main stocks markets on dividends distribution. So for folks using Robo advisor platform like Endowus or Syfe, there are no integrated Income funds monthly distribution data being input into StocksCafe for automated tracking. It has to be done manually in StocksCafe system to reflect the payout from those unit-trusts or Income Portfolios. But I am happy enough with the former, that is, the automation at least for HKEX and SGX based dividends payment which has already significantly improved my life from the days of super tedious excel tracking of all dividends for each and every stocks in my portfolio. In short, I am not presenting the monthly distribution received from my Endowus Income Portfolios for now- this portfolio is still immaterial in size but I plan to build it up till S$200K eventually in the next few years.
3. I am currently in the midst of rebuilding my amount of yearly dividends which has been greatly impacted by the self-implosion in the US Office REITs. For example, Keppel Pacific Oak US REIT decided to stop paying any distribution for 2 years. The rapid increase in interest rates also mean higher margin financing cost and reduces the net dividends available.
Parting Thoughts
There seems to be some detractors online who frowned down on REITs which hold a significant part of their investment properties in China and Hong Kong (even for Temasek sponsor held REITs) such as Mapletree Pan Asia Commercial Trust and Mapletree Logistics Trust. My personal take is that China and Hong Kong will eventually recover from its current headwinds if one is taking a long term view. There are abundance talented smart, resourceful and hardworking Chinese and Hong Kongers colleagues that I have known and met…some of the finest people out there. So don’t be too quick to belittle and discount China and Hong Kong.
Hey Blade Knight,
ReplyDeleteFinally a glimpse of your dividend powerhouse. You are going to be a substantial shareholder of United Hampshire REIT soon!
Hi BFIRE, how have you been? “Powder” (not power) house lah….haha. Rebuilding my dividend portfolio as well as doing some re-allocation plus diversification away from REITs too. Last year was bad and this year seems worse for a start :)
DeleteNo worries, I am sure with your dividend income, you can plough it into assets that u wish to grow and hence diversify successfully! Cheers!
DeleteYes. HK and China will eventually recover but it will not be quick. XJP high handed policies scared away many foreign investors - The recent cancellation of the usual interview after the 2 meetings (两会) does not help them either. As a Singaporean, I am find with this development. After all there is a saying online: 香港跌倒，新加坡吃饱. Hong Kong' loss is Singapore's gain.
ReplyDeleteI dont mind going into these counters but not when its raining falling knifes 🤣.
Hi YX, good day to you. Yup, what you mentioned makes perfect sense of not going into these counters when it is “raining falling knives”.
DeleteI guess the main issue is how much China/Hong Kong exposure one is willing to take up in his/her portfolio at this juncture and also the other inextricably intertwined issue of near to long term China/Hong Kong outlook based on individual perspective.
Take care and have a great long weekend ahead! :)
Tumble until 1.34 today. Really is falling knife 🤣
DeleteHi YX, yup….It tumbled significantly on escalating Middle East War tensions on top of the China and HK exposure.
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