There are so many shares in there that I would have a huge stomachache. $SZG, for example. Dividends are not everything. One mistake that is often overlooked is that a dividend yield of 1.5%, for example, may look lower than that of Salzgitter: but Salzgitter is a company that you have to be happy if it still exists next week. In any case, it can't plan for price gains. And that is its problem: the 2.xy% dividend yield always relates to the current share price. If the share price falls: there is usually less absolute dividend, and even if the share price does not rise: the "personal dividend yield" (and that is what really counts!) does not change.
Conversely, a stock that pays an average dividend yield of 1.5% and demonstrably increases its dividend yield continuously in percentage terms, but whose share price grows by 15% per year: has a personal dividend yield on the *invested capital* of significantly more than 1.5% in year two or three! Ultimately, you always have to look at the dividend paid out per share in relation to what you yourself paid for this one share at some point. And only the price gains provide this leverage.
Let me put it this way: my personal dividend yield of $MCD (first purchase date: 1985, if you have access to these long-term charts) is something I would rather not share publicly here....☺️
Conversely, a stock that pays an average dividend yield of 1.5% and demonstrably increases its dividend yield continuously in percentage terms, but whose share price grows by 15% per year: has a personal dividend yield on the *invested capital* of significantly more than 1.5% in year two or three! Ultimately, you always have to look at the dividend paid out per share in relation to what you yourself paid for this one share at some point. And only the price gains provide this leverage.
Let me put it this way: my personal dividend yield of $MCD (first purchase date: 1985, if you have access to these long-term charts) is something I would rather not share publicly here....☺️
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