Not a positive chart.

Although there are 2 Trusts still to declare their 1st quarter dividends

they both look fairly secure the total earned will be

£2,452.00, which is ahead of the snowball’s target.

HENDERSON FAR EAST INCOME LIMITED

1^st 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. 

Thursday 18 January

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

Once the price stops rising it’s often time to take some cash off the table.

If it then continues to rise u can either buyback or just take some

more cash off the table.

Around the Covid low 3i was yielding nearly 5%.

Belt and Braces.

The Motley Fool

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. 

Transformational

ROOF

That’s how Chair Juliet Davenport described  full year: “This has been a transformational year for the Company. We have assembled a highly diversified solar portfolio, offering one of the most secure income profiles in the UK listed renewables sector. We are now the partner of choice for some of the largest blue-chip corporations in the UK to help them deliver on their net zero targets. This has been a driving force behind our significant pipeline. We are delighted that our origination and installation strategy has continued to bear fruit, delivering significant valuation upside for shareholders.” As for the numbers: “…we have committed more than £149 million into clean energy solar assets generating an additional 120MW of solar PV capacity and increasing our GAV today to £215 million…Overall NAV per share declined 0.8 pence, driven by a 7.7 pence per share decrease as result of increasing the valuation discount rate to 7.4% from 6.6% (March 2023: 6.2%) as well as dividends paid of 5.0 pence per share…”

In terms of outlook: “…the renewables sector continues to benefit from strong tailwinds, namely energy security and net zero targets both at the corporate and government levels. The Company is experiencing very strong demand and has a strong potential pipeline of value-accretive opportunities totalling £410m. The Company now has a best-in-class reputation for delivering flexible solar solutions, evidenced both by the increasing number of new customer enquiries and feedback from its existing customers…It is our ambition to grow the Company…and in the short term the Company has access to a £20 million accordion which will be used to fund near-term commitments and pipeline. The Investment Adviser is monitoring opportunities to recycle capital from operational assets into installation assets which provide greater opportunities for capital growth. The Company is also working with its advisers to identify potential strategic investors who could provide capital to the Company through a variety of different structures.”

Winterflood notes: “NAV per share -0.9% to 92.0p. Key drivers were: (i) £15m gain from installation assets signing PPAs or reaching energisation (operational assets increased over the year from 62MW to 147MW) (+10.0p); (ii) adjustments for new contract pricing (+3.0p); (iii) net cash generated minus fund costs (+0.6p); more than offset by (iv) increase in unlevered discount rate from 6.6% to 7.4% (-7.7p); (v) reduction in inflation forecasts (-0.9p); (vi) lower power price forecasts (-0.9p); and (vii) dividend paid (-5.0p)…Electricity generation was 36.3GWh over the year, +0.7% above budget…”

Liberum is a buyer: “ROOF made some good portfolio strides in the FY and post-period, growing to become the UK’s largest commercial and industrial solar platform. The long-duration contracted cash flow model is an ongoing differentiator, with c.80% of revenues contracted over 10-years, which is c.25 percentage points ahead of peers and this effect leads to ROOF’s relatively low sensitivity to power prices (-4.6% NAV impact from a 10% decline in power prices). 92% of income is subject to annual inflation or fixed uplifts, with 47% benefitting from uncapped RPI or CPI uplifts. 79% of the portfolio is fully operational and 21% is in the installation phase, with full energisation expected by Q1 2024. In addition to increasing the distributions received base, this should provide a catalyst for NAV uplifts. We are BUYers with a 100p TP on ROOF’s shares.”