Dividend Dolphin

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...

With the closing of October within reach I made another purchase this month. This week RDSA was pretty volatile and was dropping under €23 again. I wasn't really aiming to make another buy this month but with the current yield, and expected better Q3 report by Shell, I decided to expend my position a little bit more. So last friday I bought another 10 shares RDS for €22,90. Including transaction fees the total costs wee €231,05 or €23,105 per share. This was just below the average costs of the previous 50 shares we already owned, which was €23,21 per share. The new average cost per share are now €23,19. Shell annual dividends are $1,88 per share or €1,72 at the current euro/dollar rate. That brings the YOC for my RDSA shares to 7,4% and there by one of my highest yielding companies. This buy increases my 12 month forward dividend with €17,20 to over €250 in total and just over €100 or RDSA alone. As you can see RDS is taking up quite a big position in my portfolio. It now...