Today the board of directors of KO decided to send me money. whnever a company does that I love it as it increases my income. this is exactly the kind of raise we want while it is smalller than past raises it is still an inflation beater.
I love it when companies raise their dividend its like getting an extra raise for just basically doing nothing but trusting them with my money.
This is my first raise with KO and
Coca Cola (NYSE: KO) declared a quarterly dividend of $0.37 per share, or $1.48 annualized. This is a 5.7% increase from the prior dividend of $0.35. This was the company’s 55th consecutive annual dividend increase.
The dividend will be payable on April 3, 2017, to stockholders of record on March 15, 2017, with an ex-dividend date of March 13, 2017.
The annual yield on the dividend is 3.6 percent.
Now i own 15.37 shares this will raise my dividends by $1.22
other divididend raises announced this
announced last year effective this year
14.32 dolllars in dividend raises realised this year. That is a smidgean under 2 hours of minimum wage work not bad.
This is how we get to financial independance when we hit that crossover point where our money pays our bills and everything else then we own our time and money.
Anybody else have an raises lately?
Disclaimer I am long all stocks mentioned.