APD announced yesterday a quarterly dividend increase of 8.5% from $0.71 to $0.77 per share. The dividend is payable May 12, 2014 to shareholders of record April 1, 2014.
This is their 32nd consecutive annual dividend increase.
Since first buying shares, they have outperformed the market and are up 40% from my cost basis. This is great, but if I am to add to my position, I’ll now need to pay much higher prices.
I own 46.28 shares so this will increase my yearly dividends by $11.11. This is the 12th stock in my portfolio to increase their dividend already this year.