Not naval gazing, that’s a different topic altogether.

2025

The current dividends pencilled in for the next calendar year is £9,004.00, subject to change. Below the fcast of £9,120.00 but as the earned dividends are re-invested the fcast should be met. But remember there is a lot of water to flow under a lot of bridges before the end of 2025. GL

Dividend progression

2015        6.00p

2016        6.05p

2017        6.14p

2018        6.31p

2019        6.51p

2020        6.66p

2021        6.76p

2022        6.80p

2023        7.14p

2024        7.57p

2025        7.80p¹

1.    This is a target only, there can be no guarantee this target will be met.

2.    Note: Past performance cannot be relied on as a guide to future performance

Dividends received to date £9,615.00

Cash for re-investment £415.00

Thursday 28 November

3i Group PLC ex-dividend date
Alliance Witan PLC ex-dividend date
AVI Global Trust PLC ex-dividend date
BlackRock World Mining Trust PLC ex-dividend date
Fidelity Special Values PLC ex-dividend date
Land Securities Group PLC ex-dividend date
Pacific Horizon Investment Trust PLC dividend payment date
Premier Miton Global Renewables Trust PLC ex-dividend date
Worldwide Healthcare Trust PLC ex-dividend date

I have to take a short break from the blog and there will not be any updates until early next week.

The story to date.

The Snowball commenced on 9 Sep 2022. I previously had a similar portfolio posted on a forum which achieved its target ahead of the plan and was then closed for any further updates.
The Snowball’s initial plan was to have a portfolio that returned 5% and with a bit of trading to double the income within ten years.
Since then discounts have widened and as the price falls the yields rise so the plan’s yield is now 7% plus.

2023 Income earned  £9,442.59
2024 Income to date £9,158.00

The comparable targets were

2023 £7,490.00
2024 £8,014.00
2025 £8,575.00

Current fcast for 2024 income is £10,791.00

Next year’s fcast of £9,120.00 and the target of £10,000.00 remains unaltered.

If you have longer than ten years the ‘magic’ of compounding starts to really increase. If you compound at 7%, your income doubles every ten years. If we take this year’s target of 10k, in 20 years time that would equal 40k, a yield on seed capital a yield of 40%.

If you compound your dividend income at 7% it doubles in ten years but one word of realism, when you start to compound your dividends it takes several years before the amount of income starts to accelerate but the sooner you start to compound the sooner that day arrives.
The current Snowball is an accumulation portfolio where you can take more risks as you have time to correct any clunkers.
A de-accumulation portfolio would probably be investing in lower yielding ‘safer’ dividend shares as you move towards that day.

If you have a plan, stick to the plan until it sticks to you, as many people will find out sooner than later that markets never go up forever and the higher they rise the further they are likely to fall.
If in future you are unable to re-invest at 7% or higher there are several options, like share pair trading or buy a tracker where if you can choose the date to sell, you will not lose any of your hard earned.
But I guess that day is a fair way away. GL

Ed Warner, Chair of FGEN, said:

“FGEN’s half-year results reflect both progress and challenges. While the full write-down of our investment in HH2E impacted overall performance, outside of this our diversified portfolio of sustainable infrastructure assets performed well, delivering record cash distributions and solid dividend cover. During the period, we were pleased to achieve the sale of a majority stake in six anaerobic digestion facilities, to launch our first share buyback programme, and to receive shareholder endorsement of a name change to Foresight Environmental Infrastructure Limited. Additionally, early reductions in UK interest rates provide cautious optimism for a more favourable macroeconomic outlook.

“We remain committed to disciplined capital allocation in the near term, progressing our construction stage assets and delivering other value enhancements across the portfolio. Longer term we are well positioned to take advantage of the significant investment opportunity presented by the commitment to decarbonisation and sustainable development when the wider environment supports it.”

FGEN has announced an interim dividend of 1.95 pence
 per share for the quarter ended 30 September 2024, payable on 27 December 2024.

Dividend timetable

Ex-dividend date:  5 December 2024

Record date:          6 December 2024

Payment date:        27 December 2024

Our track record

Dividend progression

2015        6.00p

2016        6.05p

2017        6.14p

2018        6.31p

2019        6.51p

2020        6.66p

2021        6.76p

2022        6.80p

2023        7.14p

2024        7.57p

2025        7.80p¹

1.    This is a target only, there can be no guarantee this target will be met.

 Helen Mahy, Chairwoman of NextEnergy Solar Fund Limited, commented:

“NESF has remained proactive through its capital recycling and buyback programmes over the period, both of which have made good progress.  Shareholders signalled their confidence in NESF at its recent Annual General Meeting in August with c.94% of votes cast ‘Against’ discontinuing the Company in its current form, the strongest result in the renewable investment company sector this year and demonstrating that shareholders continue to support the Company’s ongoing strategy.”

“The Company remains committed to narrowing the ordinary share discount and is focused on delivering shareholder value now and long into the future.  This includes currently offering shareholders an attractive dividend yield of approximately 11%.”

Dividend:

·     Total ordinary dividends paid since IPO of £370m or 72p per ordinary share.

·     The Company remains on track to deliver its target dividend of 8.43p per ordinary share for the financial year ending 31 March 2025.

·     Dividend cover for the six months ended 30 September 2024 was 1.5x (31 March 2024: 1.3x).

·     Forecasted target dividend cover of 1.1x – 1.3x for the financial year ending 31 March 2025.

·     As at 20 November 2024, the Company offers an attractive high dividend yield of c.11%.

fixed pricingbesttaxis.co.uk/sowerby-bridge-airport-transfersVessell57957@gmail.com104.153.81.74

Good day! Do you use Twitter ? I’d like to follow you if that would be okay. I’m absolutely enjoying your blog and look forward to new posts.

£££££££££££££

I currently do not Tweet and as I’m busy outside of the market I cannot enter into any direct email, hopefully this may change next year. Until then keep on keeping on.

BERENBERG CUTS ASSURA GROUP PRICE TARGET TO 48 (51) PENCE – ‘BUY’

Looking further back, £10,000 invested in the US market 20 years ago would now be worth £106,445 compared to £39,293 if invested in the UK (according to Morningstar total return in GBP to 31 October 2024). Other major markets have done a bit better than the UK, but neither European nor Japanese indices can hold anything resembling a candle to the S&P 500.

If you take the figure of £106,445 and using the 4% rule u could withdraw income of £4,257.80

If you had invested in a dividend compound plan with a blended yield of 6% you would have income of £1,605.00.

The gamble being, will the next 20 years be the same as the

last 20 years ?

One option could be to have a foot in each camp and sleep soundly at night.

Another option would be, if you were lucky enough to have turned 10k into a 100k to buy dividend income Trusts returning 7% plus as opposed to withdrawing your hard earned using the 4% rule.

GL