And based upon the portfolio's value as at the end of 2012, 31 December, it looks like my portfolio has yielded 3.92%.
This represents a drop from the previous years 4.32% but, as both the dividends received and my portfolio's value has increased in monetary terms, the fall represents a lesser growth rate in dividends v. the increase in my portfolio which in 2012 was 16.68% (2012 providing the starting valuation for 2013's actual yield).
To confirm this I can see that my dividends received have only increased by 5.7% in 2013, the majority of the shortfall being down to the extreme dividend cut taken by Aviva to address trading underperformance.
So cumulatively, the profile can only be the same familiar s curve but with a little more steepness being added each year (and long may that continue!).
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| Click to enlarge, close to return. |
Similarly the month by month profile has the familiar January and July/August peaks seen in previous years, as dictated by my portfolio's largest holdings in Rolls-Royce and National Grid.
Unfortunately the last third of the year has flattened somewhat given the actions taken by Aviva which have affected my November dividend receipts.
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| Click to enlarge, close to return. |
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| Click to enlarge, close to return. |
And, finally, the last 2 charts show the growth in dividends received in the last 3 years completed.
So with 2011 providing the base (100%), 2012 dividends represents an increase of 25.4% over 2011, and 2013 an increase of 32.55% over 2011 (5.7% increase over 2012).
Of course some of this has come from additional and changing investments and not the exact same collection of companies as held in 2011.
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| Click to enlarge, close to return. |
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| Click to enlarge, close to return. |
The charts do highlight a high dependency on National Grid which has helped to create the January and August spike.
And, in the cumulative chart you can see both of the subsequent years step higher in August, mainly as a result of NG increases, but also with new additions like Apple, and Imperial Tobacco.
You can also see the cut in November following Aviva's actions.
Just doing a quick check of things but, the dividends I have already received in 2014 (as at 30 June 2014), are almost as much as the amount received for the whole of 2011....Wow!
Of course, some of this has come from Vodafone's return of capital which resulted in a nice chunk of cash returned.
An amount which is comparable to the dividends that Rolls-Royce delivers to me and, while it may be an exception, it is hopefully a sign of things to come in future years and higher dividends.
Anyway, the growth in my portfolio's dividends continue to be encouraging as well as providing a nice solid base of returns.
3.9% before any capital growth.
And, of course, I have already been re-investing those dividends to (hopefully), generate further compounding returns.
Onwards and upwards!
Related posts:
- First dividends of 2013 (and 2012 dividends in profile).
