Another day, another couple of dividends

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.

Continue reading

Monday morning trades…. Dividend reinvestment and a punt on a retailer

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.

Continue reading

Aviva shares drop below buying target price

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).

So what shares were you buying today Amateur Investor?

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.

Continue reading