Receptor wrote:How is this wazua elder/fossil (with all due respect to @VVS)portfolio doing two years down the line? Is it generating enough dividends for financial independence??
*The portfolio changed some as I added dividend-paying firms while selling others eg TPSEA.
2020 was AWFUL. I had to dig into savings in 2H. Many firms reduced (SCBK, Kenya Re, etc) dividends. Other eliminated dividends (DTB, NCBA, LKL, etc). Some maintained dividends (I&M, C&G, Centum, etc). WTK/KAPC came through.
2021 was BAD. Still used savings but 2H was OK as some firms re-started paying dividends eg NCBA, Stanbic, etc. CARB (special + final) and SCBK (interim) paid in Dec! Bless I&M for paying a consistent dividend. Kenya Re paid 2x what it paid in 2020. BAT is a star. WTK/KAPC came through.
2022 looks promising.
ABSA, SCBK, Equity have indicated (nice) final dividends are coming!
C&G FY2021 div (to be paid in 2022) is 4x FY2020.
*H1 results were A+ so I bought these.
Centum is expected to return to 1.20 after the restructuring and sales of projects.
LKL indicated better 2022 results.
If growth and profits (FY21 and FY22) get back to 2019 levels then dividend yields will increase substantially for me at todays prices.
Only 18 months or so into the journey of 48 months.
Bumps are part of the investing journey.
Always have some cash on hand.
Spend less than what you earn!Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett