Yesterday i received 2 dividend increases. first one was from KR and the second one from BAC. KR is a newer position and BAC i held through the rotten years.
The Kroger Co.’s (KR) Board of Directors today announced its Board approved a dividend increase from 56 cents to 64 cents per year. The next quarterly dividend of 16 cents will be paid on September 1, 2019 to shareholders of record as of close of business on August 15, 2019.
Kroger’s quarterly dividend has grown at a double-digit compound annual growth rate since it was reinstated in 2006. The company continues to expect, subject to board approval, an increasing dividend over time.
“Kroger’s 14 percent dividend increase underscores our Board of Director’s confidence in the momentum we are building in the second year of Restock Kroger and our ability to deliver strong free cash flow,” said Rodney McMullen, Kroger’s chairman and CEO. “This marks our 13th consecutive year of dividend increases. We are committed to creating shareholder value and achieving our long-term vision to serve America through food inspiration and uplift.”
This is the first dividend i have recieved from KR. Hopefully many more i will get.
Since i own 86 shares of KR and i bought 6 shortly after owning which gave me more money in the raise. These 86 shares will net me an extra $6.88 a year for doing nothing except buying their stock.
The Board of Directors of BAC approved plans for the company to return as much as $37 billion to common stockholders over the next four quarters through an increased quarterly common stock dividend and common stock repurchases, based on the company’s current number of outstanding shares and share price. The company plans to increase by 20 percent its quarterly common stock dividend, to $0.18 per share, beginning in the third quarter of 2019. It has been authorized to repurchase approximately $30.9 billion in common stock from July 1, 2019 through June 30, 2020. The buybacks would include approximately $0.9 billion in repurchases to offset shares awarded under equity-based compensation plans during the same period.
Since i own 262 shares of BAC this will add $31.44 a year which almost makes up for holding it during the rotten years.
The 2 dividends combined gives me $38.32 a year which edges me closer to being able to retire and live off my dividends.
The portfolio page has been updated with these changes which you can see here
Main $6.48 2nd raise
O $.228 3rd raise
O $2.052 2nd raise
2019 total increases $160.71
Have you had any raises lately?