A couple of weeks ago I was listening to a Motley Fool podcast and the host, David Kuo, mentioned that he liked this time of year as many of the companies he holds shares in pay dividends.
He wasn’t wrong.
It seems that every day I look at the cash element of my share dealing account and see another dividend payment has boosted the balance.
In the last 10 days I have received dividend payments from the likes of Legal & General, Prudential, RSA, Capita, BBA Aviation, Barclays and Standard Life. Today it was the turn of Admiral, BAE Systems, International Personal Finance, Weir Group and ITV.
So some of this dividend income was put back into shares today.
The Admiral Group dividend was used to buy more Admiral shares and reduce my average buying price to 1,291p too.
Other purchases were LLPC (LloydsTSB 9.25% Non-cum Pref Shares), Clarke T. (CTO), Polo Resources, PPHE Hotel Group (tipped in today’s Investors Chronicle magazine), and LLOY (LloydsTSB).
Markets around the world continued to decline today. But as income investing becomes a more and more dominant theme in the Amateur Investor portfolio, the daily ups and downs become less of a concern when there’s a constant stream of dividend payments hitting my dealing account.
Have a happy Jubilee weekend.