Wednesday 5 October 2016

#37 First Dividend!

I received my first ever dividend last month!







1.60 for my 4 shares.

Reading into this, it appears this is the interim (half year) dividend payout, with a final dividend also paid. So in effect two payments per financial year, which now runs Jan>Dec.

In each of the previous 5 years the final dividend payment has been twice that of the interim payment.















Assuming the final dividend is 80p, I'd get a payment of £3.20 for my 4 shares. Giving a total dividend for the FY of £4.80.

Given I invested £429 to purchase the shares it's the equivalent of a 1.1% interest rate, based only on dividends ignoring any movement in the initial capital.


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