Latest Investments June 2019

Pursuing for a higher dividend income each month, is one of the main reasons why I keep investing in dividend stocks. For me it is more important to increase my monthly cashflow, than aiming for a higher net worth. So in the last 10 days I invested in two companies. The first one was my yearly purchase of Uniqa Insurance and the second one was finally my initial investment in Valero Corp.

Uniqa Insurance

UNIQA Insurance Group AG is a diversified insurance company that operates as a direct insurer in two core markets: Austria and Central and Eastern Europe. The company operates a product portfolio that focuses primarily on life insurance, property and casualty insurance, followed by health insurance. Uniqa generates revenue through the premiums on these products. The company focuses on its position as a direct insurer as it attempts to expand the number of customers seeking coverage, while aiming to gradually restructure low-margin portfolios that it manages.

In the end I bought 80 shares of Uniqa, which will add an additional dividend income 42.40 EUR before taxes. In total I do own now 300 shares of that company.

Valero Corp.

Valero Energy Corporation (VLO) operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail. The Refining segment engages in refining, wholesale marketing, product supply and distribution, and transportation operations. It produces conventional gasoline, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. The Ethanol segment produces ethanol and distillers grains. The Retail segment sells transportation fuels at retail stores and unattended self-service cardlocks; convenience store merchandise and services in retail stores; and home heating oil to residential customers.

In the end I bought 22 shares of VLO, which will add an additional dividend income 79.20 USD before taxes. Honestly I am now very happy to have that stock in portfolio as it was on my watch list for quite a while.

Conclusion

Through this new additions my full year dividend income is now at 2 423.86 EUR or 2 744.54 USD, with a current yield of costs of 3.49%. So I finally managed it to cross my goal of 2 400 EUR annual dividend income. This is another small step on my dividend income journey to 10 000 EUR. which I want to reach until I am 40 years old. So the next stop is 2 500 EUR :)…

The current average dividend income per month is now at 201.99 EUR, which is a nice monthly addition considering the fact that I do not have to work for that :). Crossing that 200 EUR mark is quite a milestone for me, that covers already around 20% of my monthly costs.

In 2019 my main goal is to keep an eye on my 5 stocks to add list, and to concentrate on stocks with a low debt to equity ratio and high equity ratios. Any other potential upcoming investments are still Prudential Financial and Broadcom ltd..

Keep on investing guys!!

What do you think about the my investments? Anything in common on your side?

Disclosure: I do not recommend any decision to the reader or any user, please consult your own research. Thank you for your understanding!

1 Comment

  1. Great buys DC and quite a lot of forward annual dividend income added to your portfolio. I purchased 100 Uniqa Insurance shares as well later this year. I should have waited more, though, as the price decreased since then but you never know 🙂
    Keep up great work!
    BI

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