Every so often after i have invested in a company they reward me with a raise. sometimes those raises or small and other times they are better. but they are raises none the less. When i think about complaining about a raise being small i just have to remember it could have been cut. I have experienced dividend cuts in the past and I will in the future just have to take that one raise or cut at a time and see if i am getting a good bang for my buck.
First raise was PPL
Shares of PPL Corp. PPL, +0.59% edged up 0.3% in premarket trading Friday, after the utility reported a fourth-quarter profit that beat expectations but revenue that missed, and announced a 1/4-cent dividend increase. Net income fell to $364 million, or 48 cents a share, from $415 million, or 57 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose to 57 cents from 52 cents, above the FactSet consensus of 53 cents. Revenue increased to $1.95 billion from $1.94 billion, but was below the FactSet consensus of $2.05 billion. The company expects 2020 EPS of $2.40 to $2.60, which surrounds the FactSet consensus of $2.52, while lowering its 2021 guidance range to $2.40 to $2.60 from $2.50 to $2.80. PPL increased its quarterly dividend to 41.50 cents a share from 41.25 cents, with the new dividend payable April 1 to shareholders of record on March 10. Based on Thursday’s closing price of $36.28, the new annual dividend rate implies a dividend yield of 4.58%, compared with the yield for the SPDR Utilities Select Sector ETF XLU, -0.18% of 2.73% and the S&P 500’s SPX, -1.05% implied yield of 1.79%. PPL’s stock has gained 7.9% over the past three months while the utilities ETF has climbed 11.6% and the S&P 500 has gained 9.0%. Read the rest here.
This dividend increase is a 0.6% increase. I own 84 shares of PPL so this raise will add $0.84 cents a year to my dividends.
The next raise is MPW and it is the second raise in the last 6 months from MPW
BIRMINGHAM, Ala.–(BUSINESS WIRE)– Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) announced today that its Board of Directors declared a quarterly cash dividend of $0.27 per share of common stock to be paid on April 9, 2020, to stockholders of record on March 12, 2020. Read more here.
This is a nice raise and 4 percent to boot. I don’t own a lot but i will take any raise i can get. I own 40 shares of MPW and this gives me $1.60 a year extra.
The third stock that raised was PEG.
The Board of Directors of Public Service Enterprise Group today declared a quarterly common stock dividend for the first quarter of 2020 of $0.49 per share payable on March 31, 2020 to shareholders of record on March 10, 2020. This action represents a $0.02 per share, or 4.3% increase in the company’s quarterly common stock dividend and brings the indicative annual dividend rate to $1.96 per share. Read more here.
I currently own 435.728 shares of PEG and this raise gives me $34.85 to my dividends. This is one of the dividends i look forward to seeing every year.
The 4th stock was KO
ATLANTA–(BUSINESS WIRE)– The Board of Directors of The Coca-Cola Company today approved the company’s 58th consecutive annual dividend increase, raising the quarterly dividend 2.5 percent from 40 cents to 41 cents per common share. Read more here.
Since i own 38 shares of KO this gives me $1.52 extra a year.
I love getting raises. combined these raises raised my annual dividend by $38.81. while that might not seem like much it adds up over time and over time this will grow and grow.
Total for the year so far $117.42
Have you had any raises yet?
The portfolio page has been updated with these changes which you can see here.