The last raise update I posted was over a month and a half ago! Unfortunate, as I really enjoy writing these updates, but I guess we can’t have raises alllll the time. I’m a little behind schedule as they were both over a week ago, but work has really kept me underwater the last month or so with the merge of my company with another.
Target (TGT) recently announced its yearly dividend raise. Retailers have been hitting some headwinds recently but they still managed to give their payout a bump from $.60/share to $.62/share, or a 3.33% raise. I currently own 60 shares of TGT in my Brokerage Account so this will add $4.80 to my forward 12-month income.
Secondly, we have Realty Income (O) up to their consistent dividend raising tricks, nothing earth shattering, but their 3rd raise this year. The raise was from $.211/share a month to $.2115/share for a .24% increase. I own 82.541 shares in my Roth IRA account so this will add $.42 to my forward 12-month income.
Nice couple of raises as the year marches on!
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
February – Eaton Corp (ETN) – 5.26% raise - $3.60
February – Bank of Nova Scotia – 2.7% raise - $1.20
March – Toronto Dominion Bank – 9.09% raise - $4.50
March – Realty Income (O) – .24% raise - $.50
April – Unilever PLC ADR (UL) – 11.3% raise - $15.56
April – International Business Machines (IBM) – 7.14% raise - $4.00
April – Exxon Mobil (XOM) – 2.67% raise - $2.40
April – Johnson & Johnson (JNJ) – 5.0% raise - $2.40
May – Apple, Inc. (AAPL) – 10.53% raise - $7.20
June – Target (TGT) – 3.33% raise - $4.80
June – Realty Income (O) - .24% raise - $.42
2017 Total Income Added via Dividend Increases - $63.30
To illustrate the impact of dividend raises, at a 3% yield it would take an investment of $2,110.00 to achieve this level of new income. The impact of raises continues to grow.