$ULVR (-0.09%) My bank carried out the spin-off, I have no fewer Unilever shares than before, only the average purchase price is lower, and the ISIN is GB00B10RZP78, I received one Magnum for every 5 shares: NL0015002MS2

$ULVR (-0.09%)

I can no longer find the post from earlier in which it was written that the ISIN is changing to a us-isin.

This does not seem to be true, Unilever is now tradable again under ISIN GB00BVZK7T90.

However, the acquisition costs are no longer correct. Unilever shows me a buy in of €0, while the buy in I actually have for Unilever is now shown for this Magnum share.

Has anyone else experienced this with trade Republic? How is it with other brokers?

Tomorrow is finally the IPO and as a long-term investor $ULVR (-0.09%) investor am curious to see how it develops. I am very excited about the development of TMICC, I have almost every brand in the freezer.

The sensible use of saved capital in retirement requires good planning. Especially if you want money to flow out of it regularly to secure or sweeten the third stage of your life.

Financial brokers then like to offer pension insurance based on a single payment, often called an immediate annuity.

With a normal life expectancy, the return is usually not generous because insurers usually invest very conservatively. In addition, the costs and profit margins of the insurance company further reduce the return. Consumer advocates point out that you usually have to live to be 94 years or older before you receive the investment sum back via guaranteed pensions.

It is often more profitable to park the money in a call money account.

Investments with regular distributions are an alternative. Investors are spoiled for choice between several thousand dividend-paying equity funds.

What are the relevant selection criteria? Quality and cost structure.

For some, the level of distributions may also be an important criterion in the selection process. But caution is advised here: For example, the payout ratio of the Global X Super Dividend ETF $SDIP (+0.3%) is currently over nine percent. With an investment sum of 100,000 euros, this results in a monthly inflow of around 750 euros before tax.

This is possible because the ETF invests stubbornly in the 100 companies with the highest dividends worldwide, but without any consideration of the sustainability of these distributions and the quality of the companies.

This in turn means that, without the dividends, the ETF generated a return of zero over one year and even minus 14% over three years. Investors therefore received high regular payouts, but the investment capital decreased significantly at the same time.

Savers should therefore always pay attention to how the ETF invests. There are various positive counter-examples, such as the Invesco Euro Stoxx High Dividend Low Volatility ETF $EUHD (-0.4%). Although this also focuses on high-dividend companies, it also selects according to qualitative criteria. Result: Although the payout ratio is currently "only" 5.1% per year, this amounts to around EUR 425 per month before tax for an investment sum of EUR 100,000.

However, the ETF has also achieved growth of almost 36% over the past three years, and including distributions, the gain was even over 60%. There are similarly good ETFs for various other investment regions or sectors.

Bond ETFs, on the other hand, are rarely a real alternative for private investors. Although distribution rates of four or five percent can be achieved, this is ultimately only possible with high-risk bonds or US securities with a corresponding currency risk. In addition, a positive return can rarely be achieved over and above the distribution.

A (possibly riskier) alternative is to invest in individual shares with high dividends. However, quality is even more important here. "We value companies with a strong balance sheet that are characterized by a high equity ratio and above-average returns on capital and sales," says Franz Kaim from Kidron Vermögensverwaltung in Stuttgart.

Continuity is also important. "The so-called dividend aristocrats are the gold standard for income-oriented investors," says Rainer Laborenz, Managing Partner of Azemos Vermögensverwaltung in Offenburg. "Companies that have increased their dividends for at least 25 consecutive years are included in this select group."

There are currently around 150 dividend aristocrats worldwide, 117 of which are from the USA and 33 from the rest of the world. The best-known names include Coca-Cola $KO (+0.14%)Procter & Gamble $PG (+0%) and Johnson & Johnson $JNJ (+0.15%) from the USA, Fresenius from Germany $FRE (+1.33%) and Unilever $ULVR (-0.09%) from Great Britain.

Other attractive dividend stocks recommended in a WELT survey of ten leading asset managers in Germany include Allianz $ALV (-0.39%)BASF $BAS (-0.46%)Beiersdorf $BEI (+0.71%)Deutsche Post $DHL (+0.38%) and Munich Re $MUV2 (-0.52%).

In other European countries, they rely on BAT $BATS (+0.76%), BP $BP. (-0.13%), Nestlé $NESN (-0.1%), NN Group $NN (-0.82%)Shell $SHEL (+0.18%) and Swiss Life $SLHN (-0.95%).

In the USA, names such as Altria $MO (+0.06%), Chevron $CVX (-0.07%)Cisco $CSCO (-0.46%), Coca-Cola, Kimberly-Clark $KMB (+0.44%) , McDonald's $MCD (+0.16%) or Pepsi $PEP (+1.36%).

Source: Text (excerpt) & table: Welt, 05.12.25

📈 Performance:

S&P500: -0.48%

MSCI World: -0.59%

DAX: -0.51%

Dividend portfolio: +2.91%

My high and low performers in November were (top/flop 3):

🟢 ($LLY (+0.1%) ) Eli Lilly +24.74%

🟢 ($BATS (+0.76%) ) British American Tobacco +13.36%

🟢 ($DHL (+0.38%) ) Deutsche Post +12.64%

🔴 ($TSLA (+0.65%) ) Tesla -6.57%

🔴 ($HD (+0.03%) ) Home Depot -7.61%

🔴 ($LMT (-0.42%) ) Lockheed Martin -16.76%

Dividends:

November 2025: €145.50 + €13.50 gross (Petroleo Brasileiro $PETR4 (+0.82%) )

November 2024: € 129.78

Change: +12.11%

Sales:

🟥 None

Purchases:

🟩 ($ULVR (-0.09%) ) Unilever (6 pcs.)

Savings plans:

($CTAS (-0.59%) ) Cintas (50€)

($MC (-0.33%) ) LVMH (50€)

($MSFT (-0.95%) ) Microsoft (25€)

What else has happened?

November was also very quiet. Three weeks of vacation were planned, two of which are already over. I did a few things in and around the house, but otherwise did a lot of nothing and relaxed in preparation for Christmas.

🥅 Goals for 2025:

Deposit of €10,000 and thus a deposit volume in the share portfolio of ~€73,000

Target achievement at the end of November 2025: 82.35%

So I won't reach my personal target. However, a small consolation for me: I will achieve my own and rather unofficial target of € 2400 net dividend.

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As a Swiss, this is my best investment this year. Limited fan edition by Zweifel in cooperation with $ULVR (-0.09%) 😍😍

$ULVR (-0.09%) has announced that it will spin off its global ice cream division, including brands such as Magnum, Ben & Jerry's, Langnese and Cornetto, into an independent company called The Magnum Ice Cream Company (TMICC).

The reasons for this:

• Unilever sees the ice cream business as having a strong seasonal component, high capital commitment and complex supply chains - these are very different from its core beauty, personal care and food businesses.
• The spin-off is intended to release value: TMICC should grow independently, with a targeted focus on brands, realize economies of scale and offer investors a pure "ice cream playground".

Key data of the spin-off

• TMICC will be headquartered in the Netherlands and plans to be listed on the stock exchanges in Amsterdam, London and New York.
• Unilever will retain a minority stake of less than 20% after the spin-off and will reduce this over time.
• Employment conditions for around 6,000 Eiskrem employees in Europe/UK have been secured in advance for at least three years to ensure stability during the transition phase.

Opportunities & risks

Opportunities:

• TMICC can fully specialize in ice cream, allowing it to operate more flexibly and potentially achieve higher margins.
• Investors gain a clearer investment vehicle for the global ice cream market - potential for valuation premium.

Risks:

• Seasonal and weather-dependent business, cold transportation chains, competitive pressure and fluctuations in raw material and energy prices remain challenges.
• At the same time, brands such as Ben & Jerry's are struggling with strategic tensions: e.g. conflicts over the social mission vis-à-vis TMICC/Unilever.

Question for the forum:

What do you think about the spin-off of Unilever's ice cream business into the Magnum Ice Cream Company? Do you think that TMICC really is really better positioned to increase growth and margins - or is there a risk that the spin-off will bring more risk than benefit?

Disclaimer:

I am invested and Unilever is a SWAN (sleep well at night) stock for me in my dividend portfolio, in fact one of my largest positions.

My review of October 2025. Many thoughts and yet no solution.

There's also a question at the end of the article.

📈 Performance:

S&P500: +4.73%

MSCI World: +4.25%

DAX: +0.32%

Dividend portfolio: +1.13%

My high and low performers in October were (top/flop 3):

🟢 ($LLY (+0.1%) ) Eli Lilly +20.29%

🟢 ($MC (-0.33%) ) LVMH +17.59%

🟢 ($STAG (-0.17%) ) STAG Industrial +11.02%

🔴 ($CTAS (-0.59%) ) Cintas -8.41%

🔴 ($TXN (-0.53%) ) Texas Insturments -11.09%

🔴 ($RACE (-3.24%) ) Ferrari -15.71%

Dividends:

October 2025: €126.83

October 2024: € 147.55

Change: -14.04%

Sales:

🟥 None

Purchases:

🟩 ($ULVR (-0.09%) ) Unilever (8 pcs.)

🟩 ($WM (-0.21%) ) Waste Management (2 pcs.)

Savings plans:

($CTAS (-0.59%) ) Cintas (50€)

($MC (-0.33%) ) LVMH (50€)

($MSFT (-0.95%) ) Microsoft (25€)

What else has happened?

October was very quiet. Apart from a week's vacation and my birthday, nothing much happened. I used the quiet (and free) time to continue thinking about my nest egg. When do I fill it up and how much? Does it really have to be €10,000? How quickly should this happen or can I just save up slowly? What would be my safe-sleeping amount? Questions upon questions. I have also found many answers. However, I haven't really got any further because I can't make up my mind.

The current situation is as follows: The savings rate on shares will be reduced, and the special payment will not be included in the $XEON (+0%) (i.e. for loan repayments), but will also go into the nest egg. I have set the amount I want to save to €5,000. That would then be done. I'll be rebuilding again from January. Until then, I'm still working out how I can present it well and what I feel comfortable with. I can still save the amount for the loan, as long as I plan a monthly savings amount at some point and don't just use the special payments.

🥅 Goals for 2025:

Deposit of €10,000 and thus a custody account volume in the share portfolio of ~€73,000

Target achievement at the end of October 2025: 77.94%

If everything remains/becomes as planned, I will not reach my personal target. But if I don't change my mind again (which would result in a lower nest egg) or get a windfall for Christmas, then I don't see any more options at the moment.

How would you solve my "problem" with the nest egg? How would you decide?

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