(Updated 28/12/2017 to include the HRL increase, totally forgot about that one! :))
So one of the last posts this year (only one more coming!) and its the second of its kind: Dividend increases! So that means that I’m getting more money from my existing positions by doing absolutely nothing. It’s like Christmas but whole year round!
Pfizer (PFE) declares $0.34/share quarterly dividend, 6.3% increase from prior dividend of $0.32. Forward yield 3.66% Payable March 1; for shareholders of record Feb. 2; ex-div Feb. 1. Aditionally, the board also authorized a new $10B share repurchase program to be utilized over time. This new program is in addition to the $6.4B remaining under the company’s current authorization.
Since I hold 9 shares this means: ($0,02 x 4 x 9) – 15% = $0,612 additional income.
AT&T (T) declares $0.50/share quarterly dividend, 2% increase from prior dividend of $0.49. Forward yield 5.24% Payable Feb. 1; for shareholders of record Jan. 10; ex-div Jan. 9.
Since I hold 21 shares this means: ($0,01 x 4 x 21) – 15% = $0,714 additional income.
Realty Income Corporation (O) declares $0.2125/share monthly dividend, 0.2% increase from prior dividend of $0.212. Forward yield 4.57% Payable Jan 12; for shareholders of record Jan 2; ex-div Jan 29.
Since I hold 5 shares this means: ($0,0005 x 12 x 5) – 15% = $0,0255 additional income.
Hormel Foods (HRL), the annual dividend on the common stock of the corporation was raised to $0.75 per share from $0.68 per share (10,29%). The Board of Directors authorized the first quarterly dividend of eighteen and three fourths cents (18.75¢) a share to be paid on Feb. 15, 2018, to stockholders of record at the close of business on Jan. 15, 2018.
Since I hold 10 shares this means: ($0,07 x 10) – 15% = $0,595 additional income.
To sum up, these three dividend increases add a total of $1,95 to my forward income, bringing me towards a new total of ($208,74 + $1,35): $210,67! That is just awesome!