Couple of dividend raises to report on today. These have both come over the last week or so. I was out of the country so I am just getting back to reporting on this extra income!
First up was Cisco Systems (CSCO), after a hefty 20%+ raise last year, they came back down to earth a little bit but still rewarded shareholders with a nice 11.54% raise. The quarterly dividend went from $.26 per share to $.29.
I own 55 shares of CSCO as of right now so this will add $6.60 to my forward 12-month income stream.
Next we have Wal-Mart (WMT). Wal-Mart reported great earning and forecast news but came in with their rather sluggish dividend raise once again. The dividend went from $.50 a share to $.51, this comes out to a meager 2% raise, but hey, it’s still a raise I guess.
Between my Brokerage Account and Rollover IRA I own 55 shares of WMT stock. This will add $2.20 to my forward 12-month income stream.
2017 Raises to Date
January – Realty Income (O) – 3.8% raise - $7.92
February – Cisco (CSCO) – 11.54% raise - $6.60
February – Wal-Mart (WMT) – 2.0% raise - $2.20
2017 Total Income Added via Dividend Increases - $16.72