Starhub...and Capitaland

As expected, the selldown of Starhub was furious on Monday.  Starhub dropped 20 cents at market close.  This means a wipe out of more than one full year of the proposed dividend payout (16 cents) in one trading day.

I also placed 2,000 units of Starhub for sell but did not manage to sell any.  Well, let see tomorrow...

A more happy circumstance for Capitaland.  The sleeping giant finally show sign of waking up.  Capitaland is a red counter in my portfolio since the beginning of this blog and it has turned green today.

Starhub - 20% Dividend Cut

Finally it happens.

I bought Starhub after it lost the English Premier League broadcast rights to SingTel.  The steady flow of 20 cents dividends a year or 5 cents a quarter finally comes to an end.

Starhub announced after Friday market close that the company will be paying 4 cents a quarter or 16 cents for financial year 2017.

Starhub was a good dividend master all these year.  It is one of my core holdings and accounted for more than 20% in my portfolio in my earlier days.

I have gradually reduced my exposure to Starhub over the years and it is now just above 8% in my portfolio.  This 20% dividend cut means about 2% reduction in my dividend harvest.  Painful but still tolerable for a 5+% yield.

I am expecting a selldown of Starhub shares when the market opens on Monday.  Perhaps I should sell some Starhub too?   

My Stock Portfolio @ end Jan 2017

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,000	11.68	7.42
2	Starhub	7,000	8.18	2.97
3	SPH	6,000	8.15	3.45
4	SATS	3,000	6.23	5.28
5	OCBC Bank	1,438	5.31	9.39
6	UOB	613	5.05	20.92
7	CapitaLand Mall Tr	5,800	4.43	1.94
8	AIMS AMPI Reit	7,700	4.12	1.36
9	Suntec Reit	5,800	3.95	1.73
10	Keppel Corp	1,600	3.89	6.17
11	FCT	4,700	3.70	2.00
12	Keppel DC Reit	7,400	3.48	1.195
13	ParkwayLife Reit	3,600	3.44	2.43
14	SingTel	2,190	3.34	3.87
15	Starhill Global Reit	9,800	2.95	0.765
16	SPH Reit	7,600	2.90	0.97
17	Mapletree Com Tr	4,800	2.89	1.53
18	CapitaLand	2,000	2.59	3.29
19	Sembcorp Indust	1,800	2.23	3.15
20	CDL HTrust	3,900	2.17	1.415
21	Frasers Com Tr	3,700	1.83	1.255
22	SIA Engg	1,000	1.37	3.49
23	Keppel InfraTr	6,000	1.17	0.495
24	FCL	1,800	1.12	1.575
25	ST Engg	800	1.04	3.30
26	Frasers L&I Tr	2,700	1.00	0.94
27	Cache Log Tr	2,700	0.86	0.81
28	FE HTrust	2,800	0.66	0.60
29	Accordia Golf Tr	900	0.24	0.67
30	Saizen Reit	1,800	0.04	0.051

Movement in my portfolio in January:-
Sold:- Nil
Bought:- Starhill Global Reit, Keppel DC Reit.

Dividends collected in Jan: $148.92
2017 avg dividends/month: $148.92 [6.3% down at this stage cf. 2016]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. January is a traditional weak dividend month.  Despite the increase in portfolio size compared to Jan 2016, the dividend collected this January was actually lower after the divestment of Boustead.

2. STI has managed to stay above 3,000.  Though not seeing much fundamental changes in the market, the bull is winning at the moment.

3. Current worst performing counter: SIA Engg (18.3% unrealised loss). Still pondering whether to average down...