This month is the month of great reversal. Within a month, the STI was pushed up from a low of 2500 to above 2900 levels. This is mainly attributed to the good news coming from Europe, as they have agreed on plans that would help to bailout troubled Greece. However, amidst the exuberance, risks still linger. Italy is the next big nation in the spotlight, and looming crisis seems to be lurking especially when its sovereign bond yields rose to above 6.0%.
Although volatility is here to stay, and the economic conditions don't seem too good for the next 12 months, the earnings report for the third quarter still boosted market confidence to a certain extend. CapitaMall Trust has announced a dividend of $0.02420 per share. This is a slight increase quarter-on-quarter, proving that the retail sector in Singapore still has a positive outlook amidst the gloom. I believe with the opening of JCube in the near future and with the transformation of Jurong East, their retail malls will continue to enjoy good occupancy rates, further boosting its dividend yield.
In addition, Mapletree Logistic Trust has also announced a dividend of $0.01690 per share. Mapletree Logistic Trust has always been my profitable holding. With a good management team, the trust has been actively boosting their yield. All these quarters that I am holding on to this counter, it has been generating great returns with improving dividends. However, the share price seemed to be pushed down recently and fluctuating around the $0.83 to $0.85 boundary. Hopefully the breakthrough will come soon to stabilise above $0.90 to reflect its true potential.
Furthermore, First Ship Lease Trust has also announced its dividend payout of USD 0.0095 per share. With the proposed exchange rate of US $1: $1.3003, it equates to $0.01235 per share. This is its first full quarter payout since the private placement. The management has maintained the dividend payout, which boosted the confidence of investor to push the share price back to above $0.30 levels as there were no dilutive effects. I will continue to hold on to this counter for its dividend payment as a form of passive income.
Overall for this month, my portfolio has returned to profitability with the consideration of dividend payout. Excluding total dividends, my portfolio is still in the red. The remaining months do not seem very positive. I can only continue to hold on and wait for better investing opportunities.
Although volatility is here to stay, and the economic conditions don't seem too good for the next 12 months, the earnings report for the third quarter still boosted market confidence to a certain extend. CapitaMall Trust has announced a dividend of $0.02420 per share. This is a slight increase quarter-on-quarter, proving that the retail sector in Singapore still has a positive outlook amidst the gloom. I believe with the opening of JCube in the near future and with the transformation of Jurong East, their retail malls will continue to enjoy good occupancy rates, further boosting its dividend yield.
In addition, Mapletree Logistic Trust has also announced a dividend of $0.01690 per share. Mapletree Logistic Trust has always been my profitable holding. With a good management team, the trust has been actively boosting their yield. All these quarters that I am holding on to this counter, it has been generating great returns with improving dividends. However, the share price seemed to be pushed down recently and fluctuating around the $0.83 to $0.85 boundary. Hopefully the breakthrough will come soon to stabilise above $0.90 to reflect its true potential.
Furthermore, First Ship Lease Trust has also announced its dividend payout of USD 0.0095 per share. With the proposed exchange rate of US $1: $1.3003, it equates to $0.01235 per share. This is its first full quarter payout since the private placement. The management has maintained the dividend payout, which boosted the confidence of investor to push the share price back to above $0.30 levels as there were no dilutive effects. I will continue to hold on to this counter for its dividend payment as a form of passive income.
Overall for this month, my portfolio has returned to profitability with the consideration of dividend payout. Excluding total dividends, my portfolio is still in the red. The remaining months do not seem very positive. I can only continue to hold on and wait for better investing opportunities.
My Current Portfolio:
Lessons learnt: Counters with good dividend returns will proof their worth during times of volatility like these. The consistent dividend payouts continue to provide a continual stream of passive income for me even in times of tumbling share prices.