Three weeks ago Union Pacific (UNP) declared a $0.97/share quarterly dividend, which is a 10% increase from its prior quarterly dividend of $0.88. Since I own 15 share of UNP this raise adds about € 5 to my forward annual dividend income. This is a really solid dividend increase in my book, and it's its second raise this year!
I purchased my shares about 4 years ago for $108 a piece. Currently they are worth around $162, so that's roughly an 11% annual rate of return, based just on the price appreciation alone.
In the past years I've received about 10% of my original purchase price in dividends. The dividend has grown from $0,55 per share (quarterly) to its current level of $0,97 per share. That's an awesome growth rate of 14% each year. At this pace the dividend is expected to double in value about every six years! I am really content to have added this company to my portfolio a few years ago.
So far this year I've received 17 dividend raises which added almost $50 to my annual income stream.
What do you think the dividend raise by UNP? Do you consider adding shares to your portfolio at its current price?
In the past years I've received about 10% of my original purchase price in dividends. The dividend has grown from $0,55 per share (quarterly) to its current level of $0,97 per share. That's an awesome growth rate of 14% each year. At this pace the dividend is expected to double in value about every six years! I am really content to have added this company to my portfolio a few years ago.
So far this year I've received 17 dividend raises which added almost $50 to my annual income stream.
What do you think the dividend raise by UNP? Do you consider adding shares to your portfolio at its current price?
There it is ADD! Way to benefit from the dividend increase right there. I own NSC and received a nice dividend increase as well.
ReplyDeleteBert
Hi Bert, thanks for stopping by! Great to hear that NSC is making moves as well, best of luck with that!
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