Dividend raises, and a dividend cut!

Recently I received a few dividend raises and a cut.

• Johnson & Johnson raised their quarterly dividend with more than 6%.
• Kinder Morgan raised their quarterly dividend with 5%.
• IBM raised their quarterly dividend with just under 1%.
• BAX raised their quarterly dividend with more than 11%.

These raises added about € 6 to my annual dividend income. Too bad I also had my 2nd dividend cut this year, after Accel suspended its annual dividend. Royal Dutch Shell decided to slash its dividend with 66%. This is a unprecedented move for the company but I guess they didn't have any other option. Oil prices were low already due to the geopolitical struggles between big oil producing countries. Then COVID-19 entered our world which lowered demand drastically. This perfect storm (or black swan) was just too much. Too bad Shell was (and still is) a big part of my dividend portfolio so my forward annual dividend took a big hit.