On May 24th, 2018 I bought 58 shares of Volta Finance (AMS:VTA ) at EUR 6.9 per share. With its quarterly dividend of 0.15 euro cents per share, this latest buy has a dividend yield of 8.69% and will pay EUR 8.7 every quarter. Awesome!
In fact, I didn't plan to buy any European stocks this year and was looking to buy US stocks instead. Though it turned out, I'm lacking a minimum $2,000 on my broker account before I'm allowed to purchase US stocks. Luckily I'm allowed buying European stocks, and the best all my investments in European stocks count in my balance. Now I'm closer to the minimum $2.000 on my account (Still missing about $1,000, but looking to get there by the end of this Summer)
Volta Finance stock has dividend payments in March, June, September, and December. Which is cool, as most of these months (except December) are the lowest for my dividend income. This March was among the lowest dividend income month's this year, barely reaching $50. Now with adding VTA stock, I'm looking on much better March 2019.
In fact, right now with these two new European stocks in my portfolio, I'm looking on about EUR 75 / USD 88 dividend income in March 2019, here is what I told just a couple of months ago:
It would be cool to reach $80/mo a year after. From today's perspective - hard, but doable. There are a few scenarios I'm considering now - one it would ask to boost my deposit on Mintos by about EUR 3,000 or I should start adding US dividend-paying stocks to the portfolio. I'm looking on both now.
The fun thing is, I have neither boosted my deposit on Mintos platform, nor have started to acquire US stocks yet, but the projected income (from today's perspective) already cracks my humble forecast. Awesome.
For the rest of the year, I'm looking to get an EUR 26.1 (USD 30.50 ) from this stock, which is about 2.5% from my $1,200 goal for 2018.
About Volta Finance
Volta Finance Limited (the “Company” or “Volta”) is a closed-ended limited liability company registered in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) with registered number 45747. The registered office of the Company is Third Floor, La Plaiderie Chambers, La Plaiderie, St Peter Port, Guernsey GY1 1WG, Channel Islands.
The Company is an authorised collective investment scheme in Guernsey, regulated under The Protection of Investors (Bailiwick of Guernsey) Law, 1987. The Company's Ordinary Shares are listed on the Euronext Amsterdam Stock Exchange and, in addition, on the premium segment of the Official List of the UK Listing Authority and are admitted to trading on the Main Market of the London Stock Exchange (“LSE”). Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the Netherlands Authority for the Financial Markets (the “Autoriteit Financiële Markten” or “AFM”), being the financial markets supervisor in the Netherlands.
Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. Volta Finance seeks to attain its investment objectives predominantly through investment in a diversified portfolio of structured finance assets. Volta's investment strategy focuses on direct and indirect investments in, and exposures to, a variety of assets selected for the purpose of generating cash flows for the Company. The assets that Volta may invest in either directly or indirectly include but are not limited to: corporate credits; sovereign and quasi-sovereign debt; residential mortgage loans; commercial mortgage loans; automobile loans; student loans; credit card receivables; leases; and debt and equity interests in infrastructure projects (the “Underlying Assets”).
Volta’s approach to investment is through vehicles and arrangements that essentially provide leveraged exposure to portfolios of such Underlying Assets. In this regard, Volta reviews the investment strategy adopted by AXA Investment Managers Paris (the “Investment Manager” or “AXA IM”) on a quarterly basis. The current investment strategy is to concentrate on the following asset classes: CLO; Synthetic Corporate Credit; Cash Corporate Credit; and ABS. There can be no assurance that Volta will achieve its investment objectives.