Top10 Dividends and Top10 Holding @ Q1 2021

TOP-10 Dividend Contributors at Q1 2021

Below is a table that shows the Top-10 dividend contributors to me at Q1 2021. To be more factual, the ranking is based on dividend declared and not dividend paid. I have also included the Top-10 at this same point last year and the year before (only managed to record the top 5 for 2019).

It is interesting to see that there are a few consistent and regular contributors in the 3 years.

Though their positions had changed depending on the size of my holding of each company and the dividend they declared at that point, they continue to feature regularly in this Top-10 list.

The 5 consistent contributors are Manulife Reit, OUE Commercial Trust, I-Reit, Suntec Reit and Frasers Property. They are also among my top-10 holding as you would see in another table below (except for Frasers Property)

Eagle Hospitality was the visible omission in 2021 after topping the Top-10 at this point last year. I am sure everyone knows the sad story of Eagle Hospitality and I won’t repeat it here to cause more pain to you and me.

The other interesting point is that all except one in the Top-10 list for 2021 is a Reit.

This is despite the COVID raging around last year. This shows the importance of the S-Reit sector to my passive income.

RankMarch 2021March 2020March 2019
1Manulife ReitEagle Hospitality TrustManulife Reit
2OUE Commercial TrustHutchinson Port HoldingOUE Commercial Trust
3I-ReitI-ReitFrasers Property
4Suntec ReitOUE Commercial TrustCapitaland Retail China
5Sabana ReitFrasers PropertyI-Reit
6SPH ReitManulife Reit 
7CDL Hospitality TrustARA LOGOS Reit 
8Frasers PropertySuntec Reit 
9Keppel ReitFirst Reit 
10Keppel DC ReitTai Sin Electric 
Photo by Nataliya Vaitkevich on Pexels.com

TOP-10 Holding at Q1 2021

The table below shows my Top-10 holding at Q1 2021. I have also included the Top-10 at this same point last year and the year before (only managed to record the top 5 for 2019) for comparison.

Singtel is the only survivor through the 3 years but its ranking has dropped to #3 now.

Besides Singtel, the rest are the 2 local banks (OCBC and UOB) and the Reits.

OCBC and UOB benefited from the latest surge in the banks’ share prices. You may be wondering where is DBS – it is not in the top10 as I have reduced my stake in it given that it has outperformed OCBC and UOB by a large gap. I think it is overpriced relative to OCBC and UOB. If its share price comes down later, I would be happy to accumulate more.

RankingMarch 2021March 2020March 2019
1OCBCSingtelSingtel
2UOBOUEOUE Commercial Trust
3SingtelEagle Hospitality TrustFrasers Property
4Ascendas ReitSATSStarhill Global Reit
5Suntec ReitQ&M DentalQ&M Dental
6OUE Commercial TrustHong Kong Land 
7Manulife ReitUOB 
8Netlink TrustSuntec Reit 
9I-ReitSPH 
10MapleTree Industrial TrustFrasers Properties 

I am surprised to discover that the changes in the Top-10 holding are more drastic than the Top-10 dividend contributors. I thought they would be more similar but I was obviously wrong.

I would perform this same comparison in later part of the year to see if this is a consistent observation or not. It could also be that the banks and Reits were more badly affected in March 2020 at the onset of COVID spreading through the world and therefore, fell out of the Top-10 holding in 2020. And related to that, they have made strong recovery this year and therefore, they are outperforming the rest.

Hope you find this a useful sharing. It is at least an insightful exercise for me to see some of the changes and appreciate the consistency.

Have a great investment week ahead.

Regards

Warriortan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s