One of the best things about being a dividend investor, besides getting dividends, is getting dividend raises. Getting these raises requires no extra effort on my part. All I have to do is own the stock. This past week several companies that I own stock in announced dividend raises. Let’s check out which companies gave me a raise and how much I am going to get!
Microsoft (MSFT) announced an 10.7% dividend raise this week along with a $60 billion stock buyback plan. The quarterly dividend will go from $0.56 to $0.62 per share. This will mean an extra $6.03 per year for me.
Texas Instruments (TXN) raised its dividend by about 12.7%. The quarterly dividend will go from $1.02 to $1.15 per share. This will result in an extra $5.36 per year for me.
U.S. Bancorp (USB) raised its dividend by about 9.5%. The quarterly dividend will go from $0.42 to $0.46 per share. This will result in an extra $3.23 per year for me.
W.P. Carey Inc. (WPC) raised its dividend by 0.2%. The quarterly dividend will go from $1.05 to $1.052 per share. This will result in an extra $0.41 per year for me.
Realty Income (O) also raised its monthly dividend by .0.2%. The monthly dividend will go from $0.2355 to $0.236 per share. This will result in an extra $0.31 per year for me.
Store Capital Corp. (STOR) raised its dividend by 6.9%. The quarterly dividend will go from $0.36 to $0.385 per share. This will result in an extra $0.11 per year for me.
Innovative Industrials Properties Inc. (IIPR) raised its dividend by 7.1%. The quarterly dividend will go from $1.40 to $1.50 per share. This will result in an extra $0.10 per year for me.
Philip Morris International (PM) announced a 4.2% increase to its dividend. The quarterly dividend will go from $1.20 to $1.25 per share. This will result in an extra $0.05 per year for me.
American Tower Corp. (AMT) raised its dividend by 3.1%. The quarterly dividend will go from $1.27 to $1.31 per share. This will result in an extra $0.03 per year for me.
As a result of these raises I will be receiving an extra $15.63 per year. This total does not take into consideration that each time a dividend is paid, whether monthly or quarterly, the dividend will buy more shares when it is reinvested. The compounding effect will increase this total. This is money that I did not have to work for and I will be putting this money to work for me. Some of these raises were big, some were small, but in my book, any raise is a good raise. Thanks for following along.
*Disclaimer – I am not a financial professional. The information shared here should not be considered financial advice. I am just a factory worker sharing my experience as I strive to achieve financial freedom. Before investing or making any financial decision do your own research and due diligence or consider seeking the advice of a financial and/or tax professional.
Here are some of the businesses that I use that I thought some of you might be interested in.
Lolli has a variety of stores that it is affiliated with and offers rewards for shopping at these stores. I use Lolli when I shop on Chewy and I get bitcoin as a reward. Who doesn’t want free bitcoin! If you are interested in Lolli and want to help support the blog here is my referral link: https://www.lolli.com/share/XP7gxDgqC4
I use M1 Finance for my taxable growth account. M1 Finance offers promotions for signing up. At the time of writing this post, the promotion is for $30. These promotions vary from time to time but is usually a $10 bonus. If you are interested in M1 Finance and want to support the blog here is my referral link: https://m1.finance/ktIiFeOI5zDr
Varo Bank is one of the banks that I use. From time to time the bank will run promotions. Currently, you can earn up to 3% on your savings with Varo, if you meet certain requirements. If you are interested in checking it out, here is my referral link: https://bank.varomoney.com/signup?r=William360
I use the free version on trackyourdividends.com. This is a quick an easy way for me to track my estimated annual income from dividends.
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