What’s better than receiving dividends every quarter? Well receiving a larger dividend of course!
All 4 of my expected February dividend raisers have increased their dividends.
1.) The Coca-Cola Company (KO) has paid a quarterly dividend since 1920 and has increased dividends in each of the last 55 years! Just like clock-work, KO has increased their dividend on 02/15. This is the third $.02 increase in a row. I’d hope the raises would start being a little higher.
The new dividend is $0.39 from $0.37 (5.4% increase) payable 04/02/18 to shareholders of record as of 03/15/18.
I currently own 91 shares of KO (1.08% weight) and this will increase my yearly dividends by $7.28.
The new dividend is $0.45 from $0.37 (21% increase) payable 03/23/18 to shareholders of record as of 03/12/18.
I currently own 25.29 shares of CRI (0.78% weight) and this will increase my yearly dividends by $8.09.
3.) Gilead Sciences (GILD) announced on 02/06/18 a dividend increase of 10% to $0.57/share quarterly.
The new dividend is $0.57 from $0.52 (10% increase) payable 03/29/18 to shareholders of record as of 03/16/18.
I currently own 94.02 shares of GILD (2.06% weight) and this will increase my yearly dividends by $18.80.
4.) Owen’s & Minor (OMI) on 01/31/18 (yes I know it’s technically January but they usually raise in Feb.) increased their dividend 1% to $0.26 and this marks the 20th consecutive year of increases. Owens & Minor has paid a dividend every years since they became a public company in 1971. However, this was just a token raise to keep the streak alive. The company has been under pressure losing a big customer to CAH and with talks of Amazon entering the market. I recently purchased a full position after the big drop off and shares are yielding well over 6%.
The new dividend is $0.26 from $0.257 (1.2% increase) payable 03/30/18 to shareholders of record as of 03/15/18.
I currently own 602.01 shares of OMI (2.74% weight) and this will increase my yearly dividends by $1.81.
That’s a total of $35.98 in annual increases for just being a loyal shareholder.