Tag Archives : dividends


First Quarter Dividend Income

£347. That is the amount I received over the first three months of the year. Considering I only received £120 in the same period last year, I can safely say that my dividend strategy is slowly chugging along and proving to be successful. Yes, part of the increase from £120 to £347 is due to adding more money into my portfolio and buying more stocks. But the other part which is much more satisfying is the fact that the companies I own raised their dividends without any effort from me – more money for doing nothing other than holding shares in wonderful businesses. Sure, I’ll take that. So what does […]


September Dividend Income 4

Another month passes by and another set of dividends have hot my account. Owning shares in companies is really starting to feel wonderful. For September, I have received £236.70 across both my ISA and my high yield dividend portfolio. This is by far the biggest month I have had over my short investing career. I am beginning to love the fact that cash goes straight into my account without me having to do any work or put in any effort besides the initial stock purchase. I could be in in jail but still make money due to having the right collection of cash generating assets. This is the beauty of […]


If you want to buy US listed shares, fill out a W-8BEN form (American stocks for foreign investors) 1

The rise of online platforms over the past decade has been great. From HL, to Youinvest, to interactive investor, these platforms allow individual investors like you and I to buy shares all over the world for a reasonable price. With this easy access to US, European and Asian stocks, many people forget to do research on how the system in these overseas countries works in a different way to ours. One example of this is Dividend Withholding Tax (DWT). If you buy shares in a foreign company, the dividend you receive from that company will be subject to DWT. This means that as a foreign investor, you do not get […]


Burberry (BRBY) and Next (NXT) stock purchase – UKs best clothes retailing brands

2016 has so far been a bull year for most asset classes in general. Equities, Bonds, Commodities, Real Estate have all had positive gains for the year so far. And even within these broad based asset classes, individual components like consumer staples, utilities, gold, oil, treasury bills and the like have all benefited from this ‘buy everything’ phenomenon. But on the other hand, many traditional retail stocks have had a torrid time of late. Whether you look across the Atlantic  to the likes of JC Penney (JCP) and Macy’s (M) or within Europe itself, many retail business have seen there share prices fall and remain low. Two businesses that caught my […]


Carillion (CLLN) Share Purchase – Undervalued and Unloved!

It seems that in all my recent stock purchase posts, I have talked about Brexit and the opportunities it provided to buy shares at discounted prices. So I am going to spare you the details this time and just say that Carillion’s share price dropped so much in the wake of the Brexit vote that it became a screaming buy. I bought my shares at 235p a piece and at this price, the valuation placed on the company was so low and the pessimism surrounding the company was so high that the father of value investing, Benjamin Graham, would be licking his lips. Carillion is one of those companies you […]


Legal and general (LGEN) share purchase – Insurance, Asset Management and Alternative Finance

Along with house builders and traditional banks, Insurance companies have felt the full force of the ‘Leave’ vote The biggest firms in the sector, like Aviva, Prudential and Legal & General, have all seen there stock prices tumble in recent weeks. To most, a share price decline is a terrible event, but to me, share price declines are opportunities to buy more shares in the companies I like at discounted prices. Since starting my dividend portfolio over a year ago, I have wanted to diversify my holdings in order to get exposure to some financial services related stocks. Banks to me have always been out of the question as they […]


June Dividends – Brexit and the Low Pound (£) 2

June has been a great month for dividends. I have received payouts from my ownership of defence, drugs, gold and oil stocks. In total I have received £227.24 in pure passive income. It feels great not to have to work for money. Instead, by investing money into the stock market, I am leveraging the power of big corporations and making the money work for me. The stocks that paid me dividends this month are: Shell (RDSB) : £84.42 Cobham (COB) : £70.16. Whilst this dividend was paid in May, I have included it here for this month. BP : £37.21 GFS (GFS): £33.75 Goldcorp (TSE:G) : £1.70. Hey, they all […]


Shell Stock Purchase (RDSB) – The Best of Big Oil 7

During the recent oil price volatility and subsequent crash in the stock prices of oil companies, I managed to buy some shares of one of the best integrated oil companies in the world, Shell. I purchased 214 shares at an average price of £15.60 thus bagging myself an astonishing dividend yield of 8%. This means that shell will pay me dividends of £66 every quarter or £264 annually. I am gobsmacked by the yield many of the oil majors are currently offering. This 8% dividend yield offered by Shell is unreal. It is rare to see a yield that high which is still being covered by a company’s current profits […]


Tax on UK and Foreign Dividend Income 9

How dividends are tax for UK residents can be a tricky subject for many, but here I will explain how both UK and Foreign dividends are treated for different tax bands. This post relates to the old dividend tax rules that involved a tax credit. For the new tax rules on Uk dividends which took effect on 6 April 2016, see the following post: http://moneygrower.co.uk/2016/04/the-new-dividend-tax-rules-5000-tax-free-dividend-tax-credits/ If you want to see the dividend withholding rates deducted by different countries, have a look at this post. UK Dividends Many people have the assumption that when dividends are paid, tax is already deducted and you will not have to pay any more taxes. […]