Dividend Income: November 2015

Hi guys!

Here is my dividend income for November 2015.

Telenor	TELO	$32.10
HCP Inc.	HCP	$35.60
Prospect Capital Corporation	PSEC	$8.33
AT&T Inc.	T	$37.60
Verizon Communications Inc.	VZ	$18.65
Kinder Morgan Inc	KMI	$39.78
Realty Income Corp	O	$8.76

TOTAL

$180.82

This month I made one purchase. Bought 25 shares of Siili Solutions Oyj http://www.siili.fi/

Just a small bet. Hopefully It does good.

happy dividend hunting!

Cheers.

Dividend Income: October 2015

Hi guys!

Here is my dividend income for October 2015!

• The Coca-Cola Company  $26.40
• Laclede Group Inc  $21.62
• VEREIT  $40.70
• Realty Income Corp  $8.76
• W.P. Carey Inc  $23.88
• Prospect Capital Corporation  $8.33
• Bank Of Nova Scotia  $18.64
• GlaxoSmithKline  $23.07

Total: $171.40

Looking good!

Also last week I did make a small purchase of KMI, 25 shares of Kinder Morgan (KMI). At the current dividend of $0.51 / quarter, this increases my yearly dividend income for $51.

Dividend Income: September 2015

Heyya!

It's almost winter time, here in Finland and Christmas is coming. People making list of all the crap they think they need, want or just not bothered to buy them self's. Well that's a one way of spending money. I'll think I will just buy myself some good company's shares for Christmas present and enjoy those quarterly "Christmas" dividends rest of my life. That's a lot better way to spend money!


On September my dividends were not that great. But it doesn't bother me that much, because I know that next year it will be better.. and next and next.. so on! So let's keep that snowball crowing!

Here is my dividend for September 2015

• Realty Income Corp. (O) | $8.74
• Unilever N.V. (UN) |  $19.69
• Prospect Capital Corporation (PSEC) |  $8.33
• Chevron Corp. (CVX) |  $12.84

Total: $49.60

My third (3) quarter, I received total of $272.93 worth of dividend income. It's not that much but it is a good increase from my last years $106.43 this is good progress!

thanks for stopping by!

How was your month?

Recent Buy

 A few months has passed by since my last purchase. I have had some money waiting on my brokerage account, and now it's payday! so I turn my head towards the markets to make a new buy.


I bought 35 shares of Bank of Nova Scotia (NYSE:BNS)

(around)
Market cap: 53B
EPS: 4.02
B/P: 1.47
P/E: 11
Yield close to: 5%


I think most of the dividend investors are familiar with this company, so I will not go any more details.

Stocks have fallen quite a bit lately, so I think now would be a good time to buy some of the stocks that I currently own, just because they are cheaper.

5 Stocks that I currently thinking of adding up some more.

• Kinder Morgan (KMI) is one of my top choices.
• W.P Carey Inc (WPC)
• Fortum Oyj (FUM1V)
• Nordea Bank Ab (NDA1V) safest.
• Chevron Corp (CVX)

Okay if I wanna go for the "safest" possible company right here, I would think it would be Nordea Bank Ab. But I think both KMI and CVX are quite cheap right now. Also thinking of adding up some shares of Fortum or WPC would not be a bad thing.

Or if I would like to go and buy similar company than KMI maybe I would buy Spectra Energy Corp (SE).

Gimme little help here! :)

What you guys think ? what should I add up?

cheers!

Dividend Income: August 2015

Hi to you all.

Just got back from our holiday trip. Spain was nice and warm like always. Good think about my trip was that my investments keep on making more money for me. I did check only once that what was going on and I was like whoah.. damnn too bad that I spend all my money on Holiday. Some good buying opportunities there. Hope they will still exist when I get my salary. Definitely going to buy something.


But here is my Dividend Income for August 2015:

• HCP      $35.60
• PSEC    $8.33
• O           $8.74
• KMI      $25.97
• VZ        $18.15
• T           $37.60

Total: $134,39

http://anhainvesting.blogspot.fi/p/dividend-income.html

Dividend Income: JUN & JUL 2015

Hi guys!

Here is my dividend income for June and July 2015.

JUNE

• Telenor (TELO) $38.23
• Unilever NV (UN) $19.14
• Realty Income Corp (O) $8.72
• Chevron Corporation (CVX) $12.84
• Prospect Capital Corporation (PSEC) $8.33

Total: $87.26

JULY

• The Coca-Cola Company (KO) $26.40
• Laclede Group Inc. (LG) $21.62
• Realty Income Corp (O) $8.72
• W.P. Carey Inc (WPC) $23.85
• Prospect Capital Corporation (PSEC) $8.33

Total: $88.94

Recent Buy

Today I bought 40 shares of of GlaxoSmithKline plc (ADR) (NYSE: GSK)

GlaxoSmithKline plc. (GSK) is a healthcare company. GSK develops pharmaceutical, vaccine and consumer healthcare products. The pharmaceuticals business develops and makes medicines to treat a range of acute and chronic diseases. The vaccines business produces paediatric and adult vaccines against a range of infectious diseases. GSK’s Consumer Healthcare business is structured around four categories: Total Wellness, Oral Care, Nutrition and Skin Health. For Pharmaceuticals and Vaccines, GSK operates in geographical segments that combine these two businesses, namely United States Pharmaceuticals and Vaccines, Europe Pharmaceuticals and Vaccines, Emerging Markets and Asia Pacific (EMAP) Pharmaceuticals and Vaccines, and Japan Pharmaceuticals and Vaccines. Its Consumer Healthcare business functions as a global unit, as does ViiV Healthcare, a human immunodeficiency virus (HIV) company founded by GSK along with Pfizer and Shionogi. In addition, it owns the biological conjugation platform.

The stock has dropped around 20% YTD making it look like cheap stock to buy. GSK currently trades with a P/E 6.59 but the forward P/E is 17.97.

Reasons why GSK is not doing well at the moment!?

• Facing competition against cheaper drugs, especially its key drug Advair. Advair is used to tread asthma. 
• Core EPS moving to negative direction. Q1 2015 Core EPS was 17.3p (-16%) CER. This is expected to continue at least year 2015. Sir Andrew Witty, Chief Executive Officer, GSK said For 2015, our financial performance will be impacted by the dilutive effect of the transaction and flow through of headwinds encountered in 2014.
• In 2015, core EPS is expected to decline at a percentage rate in the high teens on a CER basis, primarily due to continued pricing pressure on Advair in US/Europe, the dilutive effect of the transaction and the inherited cost base of the Novartis businesses. 
• GSK has decided to reduce the planned return to shareholders from the net proceeds generated from the Novartis transaction. 

Why did I buy GSK!?

• Stock price is reasonable.
• Good dividend, on Q1 report GSK announced that it expect to pay an annual ordinary dividend of 80p for each for the next three years (2015-2018) the current dividend yield is close to 6% on today's stock price. And GSK is planning to return approximately £1 billion (20p per share) to shareholders via a special dividend paid alongside GSK's Q4 2015 ordinary dividend payment.
• Group revenue expected to grow at a CAGR of low-to-mid single digits over the five year period 2016-2020.
• ViiV Healthcare strong positive outlook.
• Transaction cost savings programme to be accelerated with over 50% of total synergies of £1 billion now expected in 2016 (vs 2017), with programme broadly complete by end of 2017 (vs 2019)
• Total annual benefits of £3 billion from combination of existing restructuring and synergy programmes expected to be largely delivered by the end of 2017.
• Reported Q1 sales £5.6 billion +1% CER with growth in Vaccines (+10%), Consumer Healthcare (+24%) offset by Pharmaceuticals (-7%).
• Lot's of drugs in phase II and III

I believe that over all GSK is a good pharma stock to own, but it does contain some level of risk.

This purchase will increase my annual dividend income around $92.80.

Thank you for reading.

http://www.gsk.com/en-gb/home/

photo: http://freedigitalphotos.com/ By cuteimage 

Dividend Income: May 2015

Yet another month has passed by, and it is the time to look at my dividend income for May 2015.

Here is my dividend income for May 2015:

• Gjensidige Forsikring ASA (GJFO) 383.5 NOK = $51.19
• AT&T inc (T) $37.60
• Verizon Communications Inc. (VZ) $18.15
• Kinder Morgan Inc (KMI) $25.44
• Realty Income Corp. (O) $8.72
• HCP Inc. (HCP) $35.60
• Prospect Capital Corporation (PSEC) $8.33

Total: $185.03

Recap May 2015:

I did buy some more HCP Inc, few weeks after my first purchase. I was going to make a post about it but then it just got forgotten and later I did not bother anymore. I currently own total of 63 shares of HCP Inc. 

Did not make any more buys after that, I just have been saving some cash. And thinking on what, when and how much. It has been a bumpy ride on the stock markets recently so I have just been standing on the sidelines and waiting for something to happen. 

Stocks that has gotten my interest. 

I'm following various different stocks, ETF:s, funds etc. Here is currently my top picks for my next buy.

• Chevron corp (CVX)
• Exxon Mobil corp (XOM)
• Royal Dutch Shell Plc (RDS.A or B)
• Bank of Nova Scotia (BNS)
• Toronto-Domination Bank (TD)
• Intel Corp (INTC)
• Plains All American (PAA)
• GlaxoSmithKline Plc (GSK)
• National Grind Plc (NGG)
• Global X Funds (SDIV)
• General Electric Company (GE)
• Blackstone Group LP (BX)
• Mizuho Financial Group (MFG)
• Enterprise Products Partners L.P. (EPD)
• Johnson & Johnson (JNJ)

There is a few, I do follow like 100 other stocks. But these are the ones that I have found to be most interesting at the moment. There is few popular companies here and some of them are maybe less known. Feel free to give your opinion! What would you buy ? Pick something on the list or maybe you know a better one?

Anyway happy dividend hunting!

cheers.

Dividend Income: April 2015

Here is my Dividend Income for April 2015.

• Nike Inc. (NKE) $5.32
• The Coca-Cola Company (KO) $26.40
• Laclede Group Inc (LG) $21.62
• UPM-Kymmene Corporation (UPM1V) $90.72
• Fortum Oyj (FUM1V) $400.14
• Realty Income Corp. (O) $8.72
• W.P. Carey Inc (WPC) $23.91

Total: $576.73

You can see my dividend income sheet here

Both Fortum and UPM payed their full year dividends on April, that's why the big numbers. And Fortum is the biggest investment in my current portfolio.  

Other things that happened on April. I sold my position on Nike Inc. And purchased HCP and PSEC.

I have some money left on my brokerage account and I get my paycheck in few weeks. But I do not know when I will make my next purchase. Since I feel that I should gather some cash and wait for some good buying opportunities. This would help me save few dollars on buying fees. As I have recently announced that I'm Currently working on an "Efficiently Program". I'm also thinking of selling my car and buying a little bit cheaper car to get around.  This Is because of many different factors and I'm going to do a post about this.

I have also calculated that I may not be able to reach my goals for this years dividend income. There is also many factors in play on this one. One is weaker Euro, since good junk of my portfolio is in Euro. Second is that I have around 1 month in this year that I don't get payed. This Includes 3 weeks of unemployment and 1 week of no pay holiday. I did get around €500 of "unemployment money" from the Union but I'm still down around €1500. 

But on the bright side I did get that new job. So let's not whine more about little things.

Anyway I feel good about this month and looking forward trying to catch that dividend goal. 

Thanks for reading!

Cheers.

Recent Buy & Sale

Today I made some changes to my portfolio. I sold all my shares of Nike Inc (NKE), and used that money to buy HCP Inc. (HCP). After that I bough small amount of Prospect Capital Corporation (PSEC).

For more información visit: http://www.prospectstreet.com/  or  http://www.hcpi.com/

Total shares purchased:

• 45 shares of HCP valued around $1900
• 100 PSEC valued around $850

My Nike shares had gone up quite a lot in the past year. And I decided it is time to take some profits out. Even if I think that Nike is a great company and can produce good results for years to come. The lack of decent dividend (currently 1.12% yield) made me choose this way. Well there is growth.. but I made my self asking that how long can it continue? and how much? and what about competition? That's a lot of questions.. and no one rely knows the answer to those. Basically my Nike shares has produced me around 45% dividend in USD and around 80% dividend in EUR. (currency changes). Like Jim Cramer says:" No one is going to get hurt when you take your profits out".

I think HCP is a good company and has a good track record to back that up. 30 years of increasing dividends making it a Dividend Champion, that's has to mean something.

PSEC for me is just a wild card. I'm hoping it can bring me those monthly dividends many years to come. So no big expectations here.

I still have some money left on my brokerage account, and I may just let it sit there until I get my next paycheck. So I can make a bit bigger buy on next month.

These purchases increases my annual dividend income by: $196.80

HCP Inc  $100.8
PSEC $96.0

On other news on my portfolio:

I'm also considering selling UPM-Kymmenen (UPM1V) but I decided to wait a bit and read some annual reports first and do some serious thinking. If you got some superb inside info let' me know and toss a comment!

I'm also considering selling ARCP. Since there is now dividend anywhere to be seen. But I think i'm just going to wait until the next quarterly report. And decide after that.

I will soon update my portfolio to represent these changes.
Have a Nice day!
cheers.



photo: http://freedigitalphotos.com/ By cuteimage 

Dividend Income: March 2015

Here is my dividend income for March 2015.

* Updated 11.4.2015 Nordea bank's dividend payment did not show on my bank account or I just forgot to add it.*

• Realty Income Corp (O) $8.69
• Chevron Corp (CVX) $12.84
• Unilever N.V. (UN) $19.82
• Nordea Bank (NDA1V) €68.20 ($72,09)

1 USD = 0,946074 EUR

 Total: $113.44

My total dividend income for first quarter of 2015 is $237.11 

You can view my total dividend income sheet here.

As one of my goals for 2015 is to earn more than $2500 from dividend income. I have some doubts to reach this goal, even if I'm aware that my April and May Dividend income will be awesome. This is because my European stocks will distribute their dividend then and the dividend is a full year dividend (once a year). Off course, being few weeks unemployed and getting only 3 weeks pay on my new job (I started so I was only eligible for 3 weeks salary) does not help me at all. So I have some catching up to do. 

So this why I have launched my personal "Efficiency Program".

What this means for me?

I will go through my income and expenses and look for something where I can neither save more or reduce my expenses. And that is very efficient and simple.

I have all ready started this and managed to make some savings.

• I gave up my Visa Electron Card since I don't even use this anymore, I did not even realize that I was wasting money! and now I save 24€ / year.
• Next was my Internet account I was paying 24.90€/month for my Internet. So I made a 2-year contract with my Internet provider and now I pay 9.90€/month for the 1st year and 29.90€/month for the 2nd year. Previously I was paying 298.8€/year and now I'm paying an average of 238.8€/year. So I generated total save of 60€ and 30€/year.
• I was lucky enough to notice that my bank had changed its billing for brokerage account, in the way that it was possible for me to get an account with no monthly cost. I instantly messaged them to change my "service" level to "no cost level" and now I save 36,24€/year.

So in the past month I have managed to save total of  90.24€ / year or 7.52€ / month. So I have just made my self a 7.52€ monthly dividend. And I can use this money to make more money. I highly recommend you to do the same thing.

It may seem a small number, but small rain drops creates big lakes. And I'm eager to see how big of a lake I can make from my other expenses.

thanks for reading.

How was your dividend month?

picture:By cooldesign http://www.freedigitalphotos.net/

Recent Buy

Today I bought 25 shares of W.P. Carey Inc (NYSE: WPC) http://www.wpcarey.com/

About

W. P. Carey Inc. (NYSE: WPC) is a global net-lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. At December 31, 2014, the Company had an enterprise value of approximately $11.1 billion. In addition to its owned portfolio of diversified global real estate, W. P. Carey manages a series of non-traded REITs with assets under management of approximately $9.2 billion. Its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising dividend income to investors for over four decades.

Portfolio

Just as overall portfolio diversification can be important in helping mitigate risk, W. P. Carey believes it also important to diversify within a specific asset class such as real estate. After careful tenant and real estate analysis, the companies included in W. P. Carey’s portfolio are diversified by geography, property type and industry so that overall performance may not be impacted by any one industry, tenant, property type or region.

• Total Assets $8.6 Billion
• Properties 783
• Total Sq Ft 87.3 Million
• Average Lease Term 9.1 Years
• Tenants 219
• Occupancy 98.6%

Diversification:

W. P. Carey's information is as of September 30, 2014.


Top Tenants: Hellweg (Retail Stores, Germany, 5.6%) | U-Haul International (Self Storage U.S. 4.7%) | Carrefour France SAS (Retail Stores, France 5.2%) | State of Andalusia (Office, Spain, 4.2%) | OBI Group (Retail Stores, Poland, 2.5%) | Marriott International, Inc (Hospitality, U.S. 2.4%)

% = % Total Base Rent

Dividend

• W.P. Carey (WPC) has increased its dividend every year since going public in 1998.
• Current annualized dividend $3.80
• W.P. Carey has increased it dividend 46.2% since converting to a public REIT in September 2012.  (Based on third quarter 2012 annualized dividend of $2.60 per share.)
• W.P. Carey is a Dividend Contender (10-24 Straight Years Higher Dividends) List Maintained by Dave Fish at http://www.dripinvesting.org/tools/tools.asp 
• W.P. Carey has Increased Dividend by 18 Straight years.
• 3-yr DGR 19.2 | 5-yr DGR 12.7 & 10-yr DGR 7.5 (DGR= Dividend Growth Rate.)
• LTM FFO Payout Ratio: 80.81%
• Current dividend yield 5.73% (Based on a stock price of  $66.28).

Disclosure:

W.P. Carey offers a diversified REIT investment, as main revenue comes from its Real estate portfolio and around 17% of revenue comes from Investment Management. The Real Estate Portfolios diversification comes not only on industry diversification but also as geographical diversification, around 35% of the Real Estate Portfolios income comes outside of U.S. WPC also offers a nice dividend of 5.73% and I believe that WPC will continue to increase the dividend in close future but we'll see.

I believe that WPC is good buy for long run.

Based on a current annualized dividend of $3.80 this purchase will increase my annual dividend income by $95

I have also updated my portfolio to represent the current change.

Any thoughts ? 

photo: http://freedigitalphotos.com/ By cuteimage 

http://www.wpcarey.com/ http://www.dripinvesting.org/tools/tools.asp

Recent Buy

Today I bought 110 shares of Nordea Bank AB (NDA1V).

Nordea is traded at the stock exchanges of Stockholm (NDA), Helsinki (NDA1V) and Copenhagen (NDA). Nordea also have American Depository Receipts (ADR) available. Ticker (NDBAY) Exchange: OTC | Ratio: 1 Ordinary Share : 1 ADR

(The ADR ticker may be NRBAY instead of NDBAY, company website says ND but google finance displays it NR.)

Nordea in brief

Nordea is the largest financial services group in Northern Europe with a market capitalisation of approximately EUR 38.9bn, total assets of EUR 669.3bn and a Common Equity Tier 1 capital ratio of 15.7%.

Nordea has leading positions within corporate and institutional banking as well as retail banking and private banking. It is also the leading provider of life and pensions products in the Nordic countries. 

Nordea has the largest customer base of any financial services group in the Nordic region with approximately 10 million household customers and around 0.5 million corporate customers.

Dividend & Dividend Policy

Nordea pursues a policy of high dividends. The policy is that the total dividend payment will exceed 40% of the net profit for the year. Nordea will ensure competitive and predictable dividends.

*) ECB closing rate 8.9312 on 28th March 2014

Dividend Proposed for 2014 (Paid in 2015) is €0.62 compared to last years €0.43 it represents 44.18% increase. That dividend will bring the payout ration around 70% from current EPS of  €0.83 (diluted). The Company says on their annual report that:" The ambition for the dividend is to increase the payout ration in 2014 and 2015, while maintaining a strong capital base."

The ex-dividend date for the Nordea share is 20 March 2015 and payments are scheduled to made on 30 March 2015.

With current price of  €12.05 Nordea offers a dividend yield of 5.15%.

Financial Review 2014

Income Statement (Continuing operations)

Disclosure

Nordea is currently trading at €12.06 with P/E 14.14 | EPS €0.85 the share was around 50 cents cheaper about a month ago and it is currently trading close to 52 week high (€12.20) So it did not offer any discounts what comes to price. I had few others that I wanted to buy on my home market here in Finland but they all seemed just too expensive compared to Nordea Bank AB.  

This purchase will add €68.20 (76,48 USD) to my annual dividend income.

Haven't updated my portfolio for quite a while now so I will also update my portfolio page to represent these current changes.

Long Nordea

Any thoughts ?

http://www.nordea.com/

photo: http://freedigitalphotos.com/ By cuteimage

Dividend Income: February 2015

Yet another month has passed by and it's time to collect all the fruits on the ground and look forward to next month.

February 2015 dividend's:

• $37.60  AT&T inc. (T)
• $18.15  Verizon Communications Inc. (VZ)
• $23.85  Kinder Morgan Inc. (KMI)
• $8.69    Realty Income Corp. (O)

Total dividends: $88.29

On last year's Feb I received dividend only from Starbucks Corporation (SBUX) worth $3.38 if you would compere these together the increase is quite big, around 2512,13% increase. I hopefully get the same percentage increase on next year too. Most likely not.. I would need to get close to $2307 from dividends to reach same percentage increase.

Did you get good dividends this month ?

Ty for reading.

picture:By cooldesign http://www.freedigitalphotos.net/

Good News!

Good day to all of you!

I'm extra happy today, not because of the stock market moves or my dividend pile that keeps crowing. I'm happy because I did manage to get a new JOB!

If you are a new on to this blog, I wrote few months back about my job and that I got laid off because of the bad finance situation on the company where I was working.

Anyway I have my new contract signet and I will be starting in about 1.5 weeks from now. My unemployment only lasted 3 weeks so that's good! And I do earn few Euros/month more, which is always good. But the best part is, that this is actually pretty big international company that hired me. Some scale, my previous work place had 22 employees and my new work have around 45000 employees worldwide and it is a S&P 500 company. The best part is that big companies often offers a better change to get some sort of promotion than the smaller family businesses. So I will try my best and will see where that lead.

About my buys, one of my goals for this year is to invest 1050€ "new money" monthly. And that goal runs away everyday. I have not made any buys on 2015. I did deposit somewhat 700€ on Jan, and now it is all most end of May. And what comes to my money situation it is not so good that I would feel comfortable to make any big deposits yet. I maybe have to wait for my first payday, which is like some day in April. So I have a lot of catching up to do, I do have to go rely frugal for few months but I feel that I can do this.


So wish me good luck!
Cheers!

Dividend Income: January 2015

It is time to release my Dividend income for January 2015. I have not made any buys in this month, because of my work situation. I hope to nail some job soon so I can continue my purchases. So instead of buying shares I have saved money, I don't feel like I should buy anything before I get a new job. Just because I didn't have any "emergency fund" to get me though tough times. So no I have that one covered and any extra money I get from dividends or unemployment payments, I can use to buy more shares.




Here Is my Dividend Income for January.

- Realty Income Corp. (O) $8.44
- Nike Inc. (NKE) $5.32
- Laclede Group Inc (LG) $21.62


Total: $35.38

Quite a big increase from last years $4.56 but unfortunately American Realty Capital Properties Inc (ARCP) did not pay dividend this month, I hope they will continue to pay that dividend soon. At this point only thing I can do is wait them to get things sorted out.






I actually have two job interviews next week so wish me luck.
But we can see that progress is happening slowly but steadily, and that is gooood.

Thank you for reading!
Cheers.
picture:By cooldesign http://www.freedigitalphotos.net/

Summary 2014

Happy New Year!

New year and new tricks. So without further introduction here is my performance report for 2014.

Dividends:

December dividend total was $92,15 and my 4th (Q4) quarter total is: $294,88 almost 100 bucks a month! so nice!

My full year dividends of 2014: $1,252.44  also completing my goal to reach $1200 dividend income for year 2014. One of my goals were to own 15 or more different stocks. This one I missed by one since my portfolio now contains 14 different companies. It is not so important as reaching my dividend income goal. Also my weight loss goal was close.  But I was able to lose few kg.

Here is complete list of my dividend income:





Also one of my goals were to save and average of 1000€ a moth and use that to purchase more stocks. On 2014 my total deposits were €12643 an average of €1053,58 month. Rely nice that I was able to reach this one. This year I hope to get few Euros more.

Trades:

I did make some buys and sells in 2014 and I did actually pretty good. Here are my trades:
List does not include trading fees. It's around $200 +/-







I did make some mistakes there, but I hope that I can learn from those.

So there was my year! How about yours? any good? 

thanks for reading.