2024 Dividend Income
Posted: March 22nd, 2024, 10:55 am
This is the SIPP portfolio I started with in 2024.
AEI, BATS, CAML, NCYF, FORT, HFEL, HINT, IMB, IAT, JEGI, JGGI, LGEN, NAIT, PHNX, SHRS, SMIF, VOD, VSL
Keep in mind this is for a SIPP for a 76-year old and it has been in draw down for about 15-years.
The SIPP provides a supplemental income for my wife and me. It will be passed on to my wife when I die. My wife currently has a much longer life expectancy than me and hence it may become a more important income source for her in the years after I am gone. When she dies, the SIPP will pass to our two sons.
The objective of the SIPP is to provide a dividend income in excess of the drawdown amount with any excess being reinvested to improve the income/growth of the fund.
A shorter-term objective is to reduce the number of holdings in the SIPP to make management simpler ahead of the handover to my wife. I would also like to eliminate all single company exposures such as BATS, CAML, FORT, IMB, LGEN, PHNX and VOD. These will be replaced by collective funds such as ITs and ETFs.
To begin with, CAML and FORT will be sold.
VSL is liquidating and hence should provide new money to invest in addition to about 2% of the SIPP that has built up in cash so far this year.
My spreadsheet predicts a dividend yield of around 7.5% for the whole of this year, roughly the same as last year.
For Q1 of 2024 dividends have come in around 20% up on the same period last year but this is probably more a factor of the distribution of dividends rather than a trend for the whole year. However. I do expect to see a small increase in the overall yield for the year.
Any suggestions for how I might move out of some of the high yield single name investments and into collective funds, without losing too much yield, would be welcome.
Y
AEI, BATS, CAML, NCYF, FORT, HFEL, HINT, IMB, IAT, JEGI, JGGI, LGEN, NAIT, PHNX, SHRS, SMIF, VOD, VSL
Keep in mind this is for a SIPP for a 76-year old and it has been in draw down for about 15-years.
The SIPP provides a supplemental income for my wife and me. It will be passed on to my wife when I die. My wife currently has a much longer life expectancy than me and hence it may become a more important income source for her in the years after I am gone. When she dies, the SIPP will pass to our two sons.
The objective of the SIPP is to provide a dividend income in excess of the drawdown amount with any excess being reinvested to improve the income/growth of the fund.
A shorter-term objective is to reduce the number of holdings in the SIPP to make management simpler ahead of the handover to my wife. I would also like to eliminate all single company exposures such as BATS, CAML, FORT, IMB, LGEN, PHNX and VOD. These will be replaced by collective funds such as ITs and ETFs.
To begin with, CAML and FORT will be sold.
VSL is liquidating and hence should provide new money to invest in addition to about 2% of the SIPP that has built up in cash so far this year.
My spreadsheet predicts a dividend yield of around 7.5% for the whole of this year, roughly the same as last year.
For Q1 of 2024 dividends have come in around 20% up on the same period last year but this is probably more a factor of the distribution of dividends rather than a trend for the whole year. However. I do expect to see a small increase in the overall yield for the year.
Any suggestions for how I might move out of some of the high yield single name investments and into collective funds, without losing too much yield, would be welcome.
Y