Money and Finance
Quick update today! But it's one that I love.
I love hearing about dividend increases. Like absolutely love them. There's few things that I like more than getting paid extra just for owning quality companies. Yesterday, Kinder Morgan, Inc. announced earnings that missed analyst estimates for earnings per share by $0.01 with revenue coming up short by about $950 M. But the big news of the day was that they announced yet another increase to the dividend. I expected them to continue the trend of small quarterly increases that end up being excellent growth year over year, but management surprised me with a $0.03 increase from $0.45 to $0.48. That's 6.7%! And the best part is that I had to do nothing for this raise. I didn't have to help them lay down new pipeline or do maintenance on any of it. All I had to do was have the foresight to invest some of my savings in an excellent company. That's dividend growth investing at work!
This increased my forward dividends by $26.22 per year. Since my portfolio's yield is 3.05% that's like I just invested another $859.57 in capital. But I didn't have to because one of the companies I own decided to pay me more. That's how you can eventually reach the crossover point where your dividends received exceed your expenses.
My FI Portfolio's forward 12-month dividends are now at $5,580.31 and including my Loyal3 Portfolio's dividends of $55.48 brings my total forward dividends to $5,635.80.
- Dividend Growth Investing At Work - 2 More Increases
Something I love about dividend growth investing is that each month I get to hear about companies I own deciding to pay me more money in dividends. Just for owning a small portion of the companies. Not going and doing R&D for new products...
- Harris Corporation (hrs) Increases The Dividend
This morning Harris Corporation (HRS) announced an increase in the quarterly dividend. The payment increased from $0.42 to $0.47 or 11.9%. The new dividend rate is payable on September 23rd to shareholders of record as of September 9th. This...
- Dividend Income - February 2016 Update
Hi Everyone, The 2nd month of 2016 is behind us, warmer weather and hopefully the promise of greater dividends is in the future! It was a very quiet month in terms of purchases. We ended up making just one purchase in February: RAI. This purchase...
- Dividend Income - November 2015 Update
Hi Everyone, Another month is in the books and with that, just 1 more till 2016. Where has this year gone? The weather has been a little above average in my local but with this storm system, it appears as though winter is coming. Warmer...
- Exxon Raises, Chevron Disappoints
Hi Everyone, Just thought I'd throw a quick post up since I haven't done one in a while. With a lot of raises going on the past month with regards to dividends, there was an interesting situation today between XOM and CVX. XOM raised the...
Money and Finance
Dividend Growth Investing at Work: Kinder Morgan, Inc. (KMI) Increases the Dividend to $0.48
Quick update today! But it's one that I love.
I love hearing about dividend increases. Like absolutely love them. There's few things that I like more than getting paid extra just for owning quality companies. Yesterday, Kinder Morgan, Inc. announced earnings that missed analyst estimates for earnings per share by $0.01 with revenue coming up short by about $950 M. But the big news of the day was that they announced yet another increase to the dividend. I expected them to continue the trend of small quarterly increases that end up being excellent growth year over year, but management surprised me with a $0.03 increase from $0.45 to $0.48. That's 6.7%! And the best part is that I had to do nothing for this raise. I didn't have to help them lay down new pipeline or do maintenance on any of it. All I had to do was have the foresight to invest some of my savings in an excellent company. That's dividend growth investing at work!
This increased my forward dividends by $26.22 per year. Since my portfolio's yield is 3.05% that's like I just invested another $859.57 in capital. But I didn't have to because one of the companies I own decided to pay me more. That's how you can eventually reach the crossover point where your dividends received exceed your expenses.
My FI Portfolio's forward 12-month dividends are now at $5,580.31 and including my Loyal3 Portfolio's dividends of $55.48 brings my total forward dividends to $5,635.80.
- Dividend Growth Investing At Work - 2 More Increases
Something I love about dividend growth investing is that each month I get to hear about companies I own deciding to pay me more money in dividends. Just for owning a small portion of the companies. Not going and doing R&D for new products...
- Harris Corporation (hrs) Increases The Dividend
This morning Harris Corporation (HRS) announced an increase in the quarterly dividend. The payment increased from $0.42 to $0.47 or 11.9%. The new dividend rate is payable on September 23rd to shareholders of record as of September 9th. This...
- Dividend Income - February 2016 Update
Hi Everyone, The 2nd month of 2016 is behind us, warmer weather and hopefully the promise of greater dividends is in the future! It was a very quiet month in terms of purchases. We ended up making just one purchase in February: RAI. This purchase...
- Dividend Income - November 2015 Update
Hi Everyone, Another month is in the books and with that, just 1 more till 2016. Where has this year gone? The weather has been a little above average in my local but with this storm system, it appears as though winter is coming. Warmer...
- Exxon Raises, Chevron Disappoints
Hi Everyone, Just thought I'd throw a quick post up since I haven't done one in a while. With a lot of raises going on the past month with regards to dividends, there was an interesting situation today between XOM and CVX. XOM raised the...