I managed to meet my target of 5% dividend yield for 2019 by delivering 5.25% for my equity portfolios (growth and income).

But this is a drop from 2018 when I got 6.0%.

The absolute amount of dividends that I received is slightly lower than last year. I managed to grow my equity portfolio slightly and that helped to make up some lost grounds on yield dividend.

On closer examination, I realised that I had reduced my exposure to SReits given the steady climb in their share price over the 12 months. Interestingly, they seem to show some weakness in the last 2 weeks and I am wondering if it is a harbinger of what may be coming …

I transferred the funds that I got to SSB, SG Govt Bonds and Index portfolio for “safety” and diversification reasons. However, they provided a much lower dividend yields compared to my