Dividend Dolphin

Today I my expanded on my position in Whitesone REIT (WSR). WSR attracted new capital for the purchase of two new properties. The share price dropped about 9% premarket. I bought another 18 shares for $12.94 a share. Including transaction fees the total costs of this purchase were €217.12 or €12.06 per share. With the annual dividend of €1.06 this purchase yields 8.8%. My expected annual dividend is raised by about 16 euros after taxes, bringing the total just above €400 after taxes. I now own 73 shares of WSR and this will provide me with a monthly dividend income of €5.50 after taxes. With this purchase my cost base drops from €13.21 to €12.92 per share. YOC will be 8.24%.

I had still a little bit of collected dividend lying around on my brokerage account which wasn't quite enough to buy a single share of most companies. However, Whitestone REIT (WSR) was going around for only $13 a piece today. So I purchased just 3 shares of WSR to add to my other 50 at a price of $12.95 a piece. At this share price WSR yields a whopping 8.8%.Including transaction fees the total share price is €12.41. This purchase will increase my expected annual income by just €2.75 after taxes at current exchange rates. My cost basis for WSR is reduced from €13.28 to €13.23, just a marginal change. YOC is now 8.6%. Whitestone just reported solid financial figures over 2016. When I have some more money availlable and the price is still attractive I will expand on this position.

The month is passed so it is time to update my divididend income until October 2016. Last month I received €8,66 by two companies. Whitestone REIT (WSR) gave me $0.095 per share. As I own 50 shares and am taxed 15% on dividend income I received $4,03. Also the Coca Cola company payed me for owning their shares. They payed $0.35. Owning 17 shares my net income was $5.05. For my first half year of investing and in an off month I am happy with this number. Coming months the dividend income will be much higher. I expect twice as much in november and three to four times as much in december.