Dividend Received from XLF investment
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The Finance Puzzle portfolio has just received its first dividend from the Financial Select SPDR (XLF) ETF investment that was made back a few months ago. The dividend cash payment was made to my account on July 1st, 2009 in the amount of $3.21 for the 53 shares that are currently in my brokerage account, representing a 0.061 cents per share paid.
When comparing this quarterly dividend payment to my original investment of $511.80, this ETF is currently yielding my portfolio 2.5% before commissions and taxes. This is not exactly what I was originally looking for, seeing that more financial institutions have continued to slash dividends to manage through this credit crisis. I need to re-assess why I would continue to hold this ETF in my portfolio…more to come…
I have deposited this dividend into my net worth account, getting one step close to my financial freedom.
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Rose carp fishing said:
thanks for sharing this nice article….
August 5th, 2009 at 2:04 am
[...] finishing one of my previous posts on the dividend recieved from XLF, exiting this position was under significant consideration. With only a 2.5% forward dividend [...]
[...] Dividend Received from XLF investment [...]