Today the company which underwent the acquisition of the Australian company had declared a special dividend of $5/share. I am holding to 10 lots of this company and I am going to use the dividend income of about $50,000 to acquire about 1 lot of another company M. The money should come in around end February.
I have a stock which is a trust and it should issue an estimated dividend of $0.18/share. I own a total of 380 lots which will give me about dividend income of about $68,400. The money should come end of March. This will allow me to acquire 2 lots of company M.
Company M is giving out a special dividend of $2.20/share this year and the final dividend should be about $0.8/share. I currently hold 7 lots of this company M. With the additional dividend income, I will increase my holding to 10 lots. With 10 lots, I will be entitled to additional $30,000. By end May, the first company will issue $2/share for final dividend. This will generate $20,000. I will use the total dividend of $50,000 and some additional cash in May to boost my holdings in company M by an additional 2 lots to 12 lots.
Total dividend gain from this strategy will be 168,400.
24/2/2017
Company M price has gone up. This will affect my "ideal" strategy.
We have embarked on an journey to achieve financial freedom through our investment portfolio and other streams of income.
Friday 27 January 2017
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