Sunday, May 15, 2022

Recent dividend raises (O, JNJ, KMI, IBM, BAX, Shell, UNP)

In the last weeks I received several raises that boosted my dividend income! So let's see who decided to give me more money and how much!

  • On March 15 Realty Income (O) announced its Board of Directors has declared an increase in the company's common stock monthly cash dividend to $0.247 per share from $0.2465 per share. It's a standard quarterly raise which adds a few cents each year.
  • On April 19 Johnson & Johnson (JNJ) announced that its Board of Directors has declared a 6.6% increase in the quarterly dividend, from $1.06 per share to $1.13 per share.
  • On April 20 Kinder Morgan (KMI) approved a cash dividend of $0.2775 per share for the first quarter ($1.11 annualized), payable on May 16, 2022. This dividend is a 3% increase over the first quarter of 2021 and marks the fifth consecutive annual increase.
  • International Business Machines (IBM) raised its quarterly disbursement to $1.65 cents a share from $1.64. The company is a member of the S&P 500 Dividend Aristocrats Index, whose constituents have paid out a higher dividend for at least 25 straight years. But the raise itself is quite poor...
  • On May 2 Baxter International (BAX) announced an increase in the company's quarterly cash dividend to a rate of $0.29 per share of common stock. This represents an approximately 3.5% increase over the previous quarterly dividend rate of $0.28 per share.
  • On May 5 Shell decided to raise its quarterly divend by about 4%. Since Shell is one of my bigger positions this raise adds more than € 13 per year.
  • On May 12 Union Pacific Corporation (UNP) announced a 10% hike in its dividend payout. The move underscores the company’s sound financial health as it utilizes free cash flow for enhancing shareholders’ returns. It is the 3rd 10% dividend raise during the last year.

These seven raises combined will deliver an annual income boost of more than € 25 in 2022 (and hopefully more after 2022!). In total I have received raises which will boost my annual dividend income by almost € 135.

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