1st Interim dividend for the year ending 31 August 2024
The directors have declared the first interim dividend of 6.10p per ordinary share in respect of the year ending 31 August 2024. The dividend will be paid on 23 February 2024 to shareholders on the register on 26 January 2024 (the record date). The shares will be quoted ex-dividend on 25 January 2024.
Custodian Property Income REIT PLC ex-dividend payment date Invesco Bond Income Plus Ltd ex-dividend payment date Invesco Select Trust PLC ex-dividend payment date JPMorgan China Growth & Income PLC ex-dividend payment date JPMorgan Japan Small Cap Growth & Income PLC ex-dividend payment date Pollen Street PLC ex-dividend payment date Premier Miton Group PLC ex-dividend payment date
I’m using the Warren Buffett method to target passive income in 2024
Warren Buffett has turned Berkshire Hathaway into a formidable business empire. And dividend stocks, such as Coca-Cola and American Express have been a big part of this.
Seizing opportunities
When it comes to stocks, a central part of Buffett’s approach involves exploiting opportunities that can be found in times of extreme stress. American Express is a great example.
Back in the 1960s, the company was facing significant losses due to loans made during a major fraud by the Allied Crude Vegetable Oil company. It became known as the salad oil scandal. Buffett took advantage of the downturn in American Express stock to buy 5% of the company.
The results have been spectacular – Berkshire’s stake now returns over $302m per year in dividends. And this continues to grow as the firm reduces its outstanding share count.
The stock market can often overreact to short-term news – both positively and negatively. And seizing opportunities when share prices are irrationally low is a core part of Buffett’s approach.
Focus on quality
His strategy isn’t just about buying cheap shares though. There have been plenty of chances to buy stocks at discount prices that the Berkshire CEO hasn’t looked to take advantage of.
That means companies that generate impressive returns on the capital they use in their operations. It also means businesses with a ‘moat’ that protects them from competitors.
Buffett’s investment in Apple is a great example. The company’s services division generates huge cash flows and switching costs for customers help the firm defend its market position.
Passive income
In terms of Berkshire Hathaway, Buffett’s aim is to grow the value of the business. But I think the same principles are applicable to investing in dividend stocks for passive income.
When share prices fall, dividend yields rise. And that can create some attractive opportunities to lock in high yields by buying shares when others are concerned about short-term headwinds.
Equally though, a high dividend yield is no good if the company won’t be able to maintain its payouts. That’s why focusing on quality companies is key to recurring passive income.
By sticking closely to these ideas, I’m hoping to make investments today that can help me earn passive income for years to come.