I had 2 dividend raises this week. The one way to ensure your dividends keep growing long after you stop adding is with dividend raises of course the plan is to keep adding so this grows and grows and grows.
Realty Income Corporation O recently announced its 103rd common stock monthly dividend hike since the company’s NYSE listing in 1994. The company will now pay 22.70 cents per share compared with the 22.65 cents paid earlier.
The increased dividend will be paid on Oct 15 to shareholders on record as of Oct 1, 2019. The latest dividend rate marks an annualized amount of $2.724 per share versus the prior rate of $2.718 per share. Based on the company’s share price of $75.77 on Sep 17, it results in a dividend yield of around 3.6%.
Notably, solid dividend payouts are the biggest enticement for REIT investors and Realty Income remains committed to boosting shareholders’ wealth. The company enjoys a trademark of the phrase “The Monthly Dividend Company”. Read here
Theses increases are small but steady and you can slowly see the difference over time. since I own 38.47 shares of O this comes out to an increase of .23 Cents a year, not a lot but if you add them all together it sure does add up.
The second company was MSFT and it was another nice raise.
REDMOND, Wash., Sept. 18, 2019 /PRNewswire/ — Microsoft Corp. on Wednesday announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter’s dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. The ex-dividend date will be Nov. 20, 2019. Read here.
Since i own 60.65 shares this will add $12.13 to my yearly dividends
The portfolio page has been updated with these changes which you can see here.
MSFT $12.13
O $.230
MO $31.59
MPW $1.60
DAL $5.46
R $3.12
WBA $1.68
DUK $3.99
BAC $38.32
KR $6.88
O $.228
LYB $2.00
FLO $4.00
Main $6.48 2nd raise
APTS $.35
AAPL $12.90
XOM $27.4
O $.228 3rd raise
MAIN $6.48
KO $1.20
PEG $33.77
WMT $.80
PPL $.50
CVX $1.96
O $2.052 2nd raise
T $13.45
O .228
ABBV $7.04
IRM $1.034
2019 total increases $220.51
Have you had any raises lately?
My life of investing and hobbies 
It’s been a busy 2nd half of September for me too with O and MSFT and this morning MCD. I still expect at least one more increase to be announced this month too. These days are what we all love as DGI. Getting a pay raise without doing anything!
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Best days are pay raise days and hopefully we will see better days of them for a long time. Thanks for dropping by.
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I realized about 2 years ago that dividends are income, and yes, they do add up! Keep up the good work!
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Yes this income is as good as a part time job. if i knew what i was doing when i started i might have a full time income or close to but i press on. thanks for stopping by and commenting.
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Oh, yes… I’m retired, and about half my income comes from dividends. I want to keep building on this, so if/when Social Security is cut, I’ll be OK.
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Yup that’s my plan to get about half my income in dividends and then in a few years it will out pace it and then hopefully not have to worry about SS
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