Just to let some steam off.
I guess I didn’t really read CICT last announcement clearly, but now then I realize they are going to probably pay dividends in Mar / Sep instead of Feb / May / Aug / Nov.
All the reits are also phasing their dividend payouts to end qtr month.
I planned for a certain amount of dividends to collect this year, but with all this phasing backwards, I feel the dividend yield of my portfolio dropping again after all the call-down from covid last year.
So in Q1 this year, CICT paid the dividends for Q4 2020 in March.
Compared to previous years, delay payout by 1 month.
Then now with semi-annual distribution, expect H1 dividends (Jan to Jun 2021) to be paid probably close to end September. Then no dividends to be paid for rest of year.
CICT dividends paid for 12 months in 2020 (based on payout date, off 2019/2020 income) = 10 cents.
Current forecast for CICT dividends for 2021 consists of
a) 1.74 cents in Q1 2021 (for Q4 2020)
b) i expect maybe 6 cents for Jan to Jun 2021 to be paid late September.
Total payout for 2021 probably 7.7 cents which is probably like even lower than dividends received 2020.
Its like the bad news is never ending. I was probably too optimistic when I budgeted to receive 12 cents for 2021.
Oh boy, for a dividend portfolio, the annual dividends per year is just shrinking year on year. Oh dear… did I misplace my trust in CICT?