I received $262.84 in dividends in December.
Second month with over $200 in dividend income! I’m excited, but this month is also some kind of reversal point in my strategy.
ARCP stopped paying a dividend and I sold it immediately with a heavy loss. I didn’t want to repeat the mistake I did with SDRL and NADL. This cuts $2000 of my projected yearly dividend income.
As this was my third company suspending the dividend, I will change my strategy of “Yield Chasing” to Dividend Growth Investing. This means my dividend income will be reduced drastically and I have to revise my 2015 goals. I will stop buying BDCs and even reduce some positions, which will lead to further reduced dividend income. I think in some terms I will start again, but this time a lot more value than income oriented.
Was it a mistake to jump in ARCP? I don’t think so, but having no clear plan of what to suspect and being overweight in a position was obviously a big mistake. Maybe I even buy back some shares of ARCP when all things are clarified (new management, correct FFO, net asset value, new dividend rate)
Purchase made in December
|BP||50||$ 38.93||2014-12-01||$ 1946.50|
|PSEC||140||$ 8.33||2014-12-08||$ 1166.20|
|FSC||130||$ 8.35||2014-12-08||$ 1085.50|
|FSC||100||$ 8.27||2014-12-08||$ 827.00|
|PSEC||100||$ 8.21||2014-12-08||$ 821.00|
|PSEC||100||$ 8.09||2014-12-08||$ 809.00|
|MCC||100||$ 9.33||2014-12-10||$ 933.00|
|MCC||100||$ 9.36||2014-12-10||$ 936.00|
|MCC||100||$ 8.98||2014-12-10||$ 898.00|
|FSC||200||$ 7.85||2014-12-16||$ 1570.00|
|ARCP||200||$ 7.70||2014-12-16||$ 1540.00|
|FSIC||170||$ 10.16||2014-12-16||$ 1727.20|
|TCPC||200||$ 15.52||2014-12-16||$ 3104.00|
|FSIC||100||$ 10.10||2014-12-16||$ 1010.00|