Today one of the wonderfull companies I own decided to raise its dividend. While it is not much it sure will help out long term
Chimera Investment (NYSE:CIM) declares $0.50/share quarterly dividend, 4.2% increase from prior dividend of $0.48.
• Forward yield 12.93%
• Payable Jan. 27; for shareholders of record Dec. 30; ex-div Dec. 28.
Since I own 43.9 shares this will raise my dividends by .87 cents a year, or .219 cents a quarter.
Raises like this is what brings us closer to FI. FI is what most of us strive for. When we have enough to pay all our bills then we own our time .
This will be my second raise that will take place in 2017. This one actually suprised me.