Today it was the turn of iShares to provide the, hopefully soon to be daily, dividend income. The two dividends received today were from iShares FTSE UK Dividend Plus (IUKD) and iShares FTSE 100 (ISF) which paid 9.09p and 3.96p per share respectively.
I went a bit crazy today.
Too many trades to detail in full (17 in total), so suffice to say that I purchased:
Last post of the week from the Amateur Investor. Quite a quiet week by recent standards.
The Amateur Investor income account was boosted by the receipt of another dividend payment this morning. So true to form the dividend was ploughed straight back into the Market.
I’m going to be a bit busy this week, so won’t have as much time to devote to the Amateur Investor website as I would like. I am only an Amateur Investor, so making a living sometimes gets in the way of spending time on other projects such as this one.
Anyway, the Dividends are coming in thick and fast at the moment, so reinvesting them to make them start working as soon as possible has been a priority.
So today I made 4 small purchases.
As mentioned in a couple of previous posts, I have been waiting for Aviva (AV.) to drop to the 300p level, at which point I would be adding to my existing holding of the high dividend paying shares.
Well this morning my buying price was triggered and I managed to buy in at 292.85p (including stamp duty).
This purchase took my average buying price down to 330.67p from 342.81p – I will be looking for further weakness to lower this average buying price even further.
According to The Share Centre, the forecast dividend for 2012 is 28.48p, so today’s shares should yield 9.73%.
The Amateur Investor overall holding (average buying price 330.67p) should yield 8.61% in 2012.
Only one other share trade today, a small purchase of Pendragon (PDG) at 10p (including stamp duty).
The FTSE 100 plunged 239.37 points today, to 5092.23 and the FTSE250 finished at 9,844.25, down 525.17 points as uncertainty returned to European and US markets.
Meanwhile the spot price of gold hit $1,816.09 an ounce, another record.
The Amateur Investor once again took advantage of plunging share prices to reduce the average buying price of half a dozen holdings. The trades made today were (the buying price is total price per share including stamp duty):
Well, I’m glad you asked.
I started the day buy tucking away a few Merchants Trust (MRCH) into my High Yield Portfolio (HYP). Over the last 3 years Merchants have paid out dividends representing a yield of 7.9% (2009), 6.8% (2010) and 5.6% (2011) so they seemed like a perfect addition to the HYP. They appear to pay out dividends quarterly. I managed to buy at 373.6p per share (including Stamp Duty).
Most of the other share purchases made today were to reduce the average buying price of already held shares.