Dividend Dolphin

Parallel to investing in individual dividend growth stocks I also invest €100 into two mutual funds. One fund is a mixed fnds with both bonds, shares and some liquid assets. This fund automatically reinvests all the dividends and interest payments, resulting in a higher price. The other mutual fund, Kempen Global High Dividend Fund, pays a quarterly dividend. This dividend was raised for 2017. The quarterly dividend is raised from €0.33 to €0.35 per share. This is a dividend raise of 6.06%. The current price for the fund is €31.40, a dividend yield of 4.46%. At the moment I own 11.5 shares of this mutual fund so this raise increases my yearly dividend with 78 cents. However, I purchase for €50 each month and reinvest the dividend automatically. The first payment will be in February the exact date is not set yet.

Last two weeks I have been thinking about relocating my RDSA stock from my online brokerage account to the brokerage account I have at my home bank. This bank is where I have my mortgage, some of my saving accounts, my payment account and my credit card. The reason why I wanted to move the stocks there was being eligible for the dividend reinvestment plan (DRIP) of Royal Duytch Shell. Owning 60 shares of RDSA I am receiving sufficient dividend each quarter to receive 1 extra share, even now that the stock price has risen significantly over the last few months. However, while my online broker has very low transaction fees for regular buys of shares, I would have to pay €7,50 when I would want to DRIP. Buying 1 share in the regular way would only cost €2. So DRIPping at my online broker is no option and paying 2 euros to buy one share is no option form me as well, because this would mean a transaction fee of over 8%. However, at my home bank, DRIP is free. It has much higher re...