Some more dividend income has come the way of the Amateur Investor, so rather that have the money sat in my share trading account I made 4 share purchases today.
Can’t remember where, but I recently read an article about Invesco Perpetual Monthly Income Plus. Until now I didn’t hold this within my Fidelity ISA, so I purchased some Income units today at 94.84p per unit.
The Fidelity factsheet states a distribution yield of 7.32% and an underlying yield of 6.07% and monthly payments.
If I remember the particular article that prompted this purchase I’ll post the details here.
First purchases this week are Stobart Group (STOB) and Cable & Wireless Communications (CWC) which both go ex-dividend on Wednesday.
STOB were picked up for 119.9p, they pay a 2p dividend on 9th December. Forecast dividend payment for year ending 28 February 2012 is 6.07p which represents a yield of 5.06% based on today’s buying price.
CWC are due to pay a dividend of 2.67¢ on 12 January 2012. Forecast yield for year ending 31 March 2012 is 11.9%
Just one small purchase today.
Hansteen Holdings (HSTN) is in the real estate investment trusts sector and is going ex-dividend on Wednesday (26th October) paying a 1.6p dividend on 24th November.
Forecast profit for 2012 is £34.82m and forecast yield is 5.6% (up from 5.0% for 2011)
I purchased today at an average buying price of 76.9p
The “Gamble of the week” in MoneyWeek prompted my first purchase today of Symphony Environmental Technologies and it was a MoneyWeek article which also influenced my final purchase of the week, Artemis Global Income Fund.
In the “Personal view” article this week, professional investor Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, tells MoneyWeek where he’d put his money now.
According to the article only 13 of the world’s top yielding stocks are based in Britain.
WH Smith (SMWH) shares have been tipped in both The Telegraph and The Independent today. Not being one to miss out I made a small purchased this morning at an average buying price of 528.5p
The current issue of Investors Chronicle magazine (7 October 2011 to 13 October 2011) has a article called “Backing the right bond fund” in the Funds section. Following this article is an analysis of the following four bond funds:
- Fidelity Strategic Bond Fund (GB00B05NC964)
- M&G Optimal Income A Inc (GB00B1H05049)
- Standard Life AAA Income R Inc (GB0006573108)
- Kames High Yield A Inc (SEOPAI)
Quiet day today.
Just two small purchases, Game (GMG) and Lloyds Banking Group 9.25% Non-Cum Irredeemable Pref Shares (LLPC).
The LLPC purchase reduces my average buying price and, therefore, the yield when (and if) they resume payment of a coupon in 2012.
A coupon of 9.25% and today’s buying price of 68p represents a “yield” of 13.60% – WOW!
I went a bit crazy today.
Too many trades to detail in full (17 in total), so suffice to say that I purchased:
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.