Another Dividend increase this one albeit a small one and very small but they all add up over time. Lets see what i got.
Preferred Apartment Communities, Inc. (NYSE:APTS), or PAC, today announced that its Board of Directors has declared a quarterly dividend on its common stock of $0.2625 per share for the second quarter of 2019. This is an increase of $0.0025 per share or approximately 1.0% over the prior quarterly dividend rate of $0.26 per share paid to common stockholders for the first quarter of 2019 and an increase of $0.0075 per share or approximately 2.9% over the dividend rate of $0.255 paid to common stockholders for the second quarter of 2018. This also represents an annualized dividend growth rate of 13.8% since our first dividend following PAC’s IPO in April 2011. The dividend is payable on July 15, 2019 to all common stockholders of record as of June 14, 2019.
Since i own 35 shares of APTS I will get .35 cents a year. A small dividend raise but someday it will turn into something bigger.
So what does this mean for me? It means more money in my pocket or to be used to buy another stock. Who does not like more money.
O $.228 3rd raise
O $2.052 2nd raise
2019 total increases $109.68
Have you had any raises lately?