This is a relatively quiet time of year for dividend raises so I have not updated my raises for a little while. But now that it’s been a little over a month I have three dividend raises to report which continue to add to my income stream.
First up is Wells Fargo (WFC) which took a couple extra quarters to raise their dividend this time around. The raise was from $.38/share a quarter to $.39/share. This is a 2.63% raise over the prior dividend. I own 40 shares of WFC which means $1.60 in additional income for me the next 12-months.
Next is Atria Group Inc (MO). Not much sells like addiction and MO continues to prove this point as their raise streak continues. Last week MO upped its dividend from $.61/share a quarter to $.66/share a quarter. This is a huge 8.19% raise and with my 30 share position will add $6.00 to my forward income. There are 15 days until the ex-dividend date and I will consider adding to this position.
Lastly Bank of Nova Scotia (BNS) Raised its dividend 3.9% from approximately $.55/share to $.58/share. These are in USD and are subject to currency fluctuations but I’ll go will a 3 cent raise a share for these purposes. I own 20 shares of BNS so this will add about $2.40 to my forward 12-month stream.
All of these holdings are in my Roth so this income really continues to grow. This account is far ahead of my brokerage account right now but that will change in the coming years.
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 (BNS) – 2.7% raise - $1.20
March – Toronto Dominion Bank (TD) – 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
July – Omega Healthcare Investors (OHI) – 1.59% raise - $1.60
July – Wells Fargo (WFC) – 2.63% raise - $1.60
August – Altria Group (MO) – 8.19% raise - $6.00
August – Bank of Nova Scotia (BNS) – 3.9% raise - $2.40
2017 Total Income Added via Dividend Increases - $74.90
To illustrate the impact of dividend raises, at a 3% yield it would take an investment of $2,496.67 to achieve this level of new income. The impact of raises continues to increase.