Today, I am pleased to announce that we purchased an additional 350 shares of Swiss RE (SREN.VX), bringing our total position to 1475 shares.
As you know, we are big fans of purchases during the ex-dividend dates to benefits from the share drop. Today, we bought at a value of 88.2CHF vs. 95.5CHF (previous day closure) or at 7.6% discount.
This allow us to bring down our average buying price from 96.0CHF to 94.42CHF, a decrease of 1.6%
Considering the actual dividend distribution (7.25CHF), our 2016 dividend distribution from SREN.VX will be 10331.3CHF or a 32.6% increase vs. 2015!
I have already updated our portfolio.