First dividend payment

This Monday, January 26, Dixons Carphone paid an interim dividend of 3.5p per share. Since I own 400 shares, I received £14 in my ISA (3.5p * 400 = 1,400p = £14). In 2017 the company paid an interim dividend of 3.5p in January and a preliminary dividend of 7.75p in September, for a total dividend of 11.25p. If they keep the dividend constant for 2018, I will be receiving another £31 in September, for a total of £45 this year (11.25p * 400 = 4,500p = £45), a dividend yield of 7.5% over my purchase price of 150p! It’s not a lot, but it’s a start. Now all I have to do is figure out how to increase this by about 5,000 times. (Yeah, I think I would be ok with making £225,000 per year in my sleep!)

First dividend

The only problem with receiving this dividend was that it went toward a quarterly payment of £22.50 charged by Interactive Investors, a company that bought TD Direct last quarter (my original ISA provider), whereas before I only had a very low annual charge. Since I’m not willing to pay £90 per year (3.5% of my contributions to date) just to have an ISA, I’m transferring it to AJ Bell, the only provider I found that allowed me to buy foreign shares and also had lower charges than most other companies. The quarterly payment here is £7.50, just one-third what Interactive Investors charges.

I miss TD Direct.

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