Frasers Logistics & Commercial Trust announced their 2H dividends distribution on 11/11 and it was an increase of ~15% from the same period last year. As it is the last company in my portfolio to announce their dividends, it also finalized the amount of “dividend” that I would receive for this year.
All in all, my portfolio has produced a yield of ~ 4.6% this year – a shade lower than my long term target of 5.0% but it is slightly better than my target of 4.5% set for this year. As I have pumped in more capital into the stock market this year, the absolute amount of dividends received was therefore, slightly higher than last year. I am very pleased to be able to achieve these two feats.
Although I think it would be very challenging to replicate the dividend growth next year due to the lack of active income, I would still try to see if I can make a small step forward. Will see 🙂
As some of you may be interested, below is a table showing the Top10 contributors of dividends in 2021 and 2020,
|Ranking||End 2021||End 2020|
|1||Manulife Reit||Hong Kong Land|
|2||OUE Commercial||Manulife Reit|
|4||Suntec Reit||Suntec Reit|
|8||SPH Reit||Frasers Log & Comm Trust|
|10||Hong Kong Land||Areit|
A quick glance yields a few interesting observations
1 – The leader has changed hands from Hong Kong Land to Manulife Reit. The latter is a heavy weight in my portfolio while I had pared down the former quite a lot given the issues in Hong Kong and the uncertainty in the China property sector.
2 – The Top-10 are mainly the Reits and Banks – not surprising as they have the highest dividend yields and are also my larger holdings in the portfolio
3 – I have replaced
(a) Singtel with Netlink Trust in 2021 as Singtel has reduced its dividends amount. Netlink Trust has also proven to be a good reliable dividend provider.
(b) DBS with OCBC as I had sold the majority of my DBS holdings as it rallied aggressively in the last few months. I took the opportunity to build a larger holding for OCBC as I think it has more “legs to run” compared to DBS. But DBS has proven me wrong again and again … LOL
4 – I have also built up a sizeable holding for Mapletree Industrial Trust – even larger than Frasers Log and Comm Trust and Areit now
5 – Although SPH Reit is featured in the 2021 list, I don’t expect it to be there for 2022 as I have fully exited from SPH Reit following the recent surge in its share price.
6 – But all in all, the 2021 list has a lot of similarities to 2020. They should form the bulk of my passive income going forward.
I hope you find these information useful to you.
Have a safe and great investment week ahead … October has been great and I hope November and December would be even better !!!