Money and Finance
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 or technology. Not selling any products. Not managing any employees or inventory. All I had to do was have the foresight to invest some of my savings in excellent companies. That's dividend growth investing at work!
First up was IBM. IBM had another disappointing round of earnings with their 12th consecutive quarter of revenue declines. Although the cloud computing division saw solid improvement and on a currency neutral basis revenues were flat. Dividend growth investors are being rewarded with a dividend increase. And a big one at that! IBM increased the quarterly payment from $1.10 to $1.30. That's an excellent 18.2% increase. I expected a much smaller raise this year while IBM continues its transformation from a hardware to software and service company. I don't know about all of you but I've never once received an 18.2% increase from my employer. Since I own 30.220 shares of IBM this will increase my forward dividends by $24.18.
Later in the week it was ExxonMobil's turn. The decline in oil prices has been well documented but I think the oil majors will weather this storm just fine. ExxonMobil rewarded shareholders with another dividend increase. The quarterly dividend was raised from $0.69 to $0.73. That's a 5.8% increase. Unfortunately, raises this good are still hard to come by as well from an employer but they come quite regularly from excellent companies. Since I own 52.744 shares of XOM this will increase my forward dividends by $8.44.
The two increases combined to raise my forward 12-month dividends by $32.62. Based on my portfolio's current yield of 3.01% these increases are like I invested an extra $1,083.72 in capital. Except I didn't. Some of the companies that I own just decided to pay me more. That's how you can eventually reach the crossover point where you dividends received exceed your expenses.
My FI Portfolio's forward-12 month dividends are up to $5,647.45 and including my Loyal3 portfolio's forward dividends of $55.98 brings my total taxable account forward dividends to $5,703.43.
- Dividend Growth Investing At Work: Johnson & Johnson (jnj) Gives Owners A 7.1% Increase
Quick update today as I sit at the hospital with Luke! But it's one that I love, especially since Luke is doing better than last week. I love hearing about dividend increases. Like absolutely love them. There's few things that I like...
- 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...
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- 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 - 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 or technology. Not selling any products. Not managing any employees or inventory. All I had to do was have the foresight to invest some of my savings in excellent companies. That's dividend growth investing at work!
First up was IBM. IBM had another disappointing round of earnings with their 12th consecutive quarter of revenue declines. Although the cloud computing division saw solid improvement and on a currency neutral basis revenues were flat. Dividend growth investors are being rewarded with a dividend increase. And a big one at that! IBM increased the quarterly payment from $1.10 to $1.30. That's an excellent 18.2% increase. I expected a much smaller raise this year while IBM continues its transformation from a hardware to software and service company. I don't know about all of you but I've never once received an 18.2% increase from my employer. Since I own 30.220 shares of IBM this will increase my forward dividends by $24.18.
Later in the week it was ExxonMobil's turn. The decline in oil prices has been well documented but I think the oil majors will weather this storm just fine. ExxonMobil rewarded shareholders with another dividend increase. The quarterly dividend was raised from $0.69 to $0.73. That's a 5.8% increase. Unfortunately, raises this good are still hard to come by as well from an employer but they come quite regularly from excellent companies. Since I own 52.744 shares of XOM this will increase my forward dividends by $8.44.
The two increases combined to raise my forward 12-month dividends by $32.62. Based on my portfolio's current yield of 3.01% these increases are like I invested an extra $1,083.72 in capital. Except I didn't. Some of the companies that I own just decided to pay me more. That's how you can eventually reach the crossover point where you dividends received exceed your expenses.
My FI Portfolio's forward-12 month dividends are up to $5,647.45 and including my Loyal3 portfolio's forward dividends of $55.98 brings my total taxable account forward dividends to $5,703.43.
- Dividend Growth Investing At Work: Johnson & Johnson (jnj) Gives Owners A 7.1% Increase
Quick update today as I sit at the hospital with Luke! But it's one that I love, especially since Luke is doing better than last week. I love hearing about dividend increases. Like absolutely love them. There's few things that I like...
- 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...
- Loyal3 $500 Buy
In the past week I bought the following stocks in my Loyal3 account. Ticker $ invested Cost WalMart ...
- 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...
- 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...