Previous Dividend Harvest here.
September brought with it a tiny dividend harvest. I maintain – every little bit helps! I received dividends from one company, Cadence Capital Ltd. I held shares in Cadence during 2013/14 which were enrolled in a DRP, and following a poorly timed sale I ended up with a residual of 2 shares valued at approx $1.25 each. Not worth selling. Since partial shares can’t be issued, I subsequently unenrolled from the DRP and now receive a minuscule dividend in cash twice per year.
Cadence is an LIC that invests in Australia and overseas. They’re run by Karl Siegling who uses a combination of fundamental and technical analysis to make buy/sell decisions. Over the past 12 years the fund returned 15.3% p.a. I hope to be able to buy more CDM shares when the price falls below NTA or in an upcoming share issue, which excludes brokerage fees ($11 with my broker).
Dividend Income: $0.08
Franking Credits: $0.03
Grossed up Dividend: $0.11
Grossed up Yield on Cost: 4.21%
This brings the WF30 dividend income to a total of $192.80 for 2017.
Maybe if you look very closely, you’ll be able to see the September dividend in the chart below!
Did you receive any dividends in September?