The companies that raised its dividends from January 22 to 26, 2024

 Below are the companies that raised their dividends last week.

#CINF #SJW #BKH #KMB #SPGI #APD #ADM #FELE #NI #YUM #CMCSA #AXP #BX

Dividend increases announced from November 27 to December 1, 23

 The companies that increased their dividend this week. $MKC a dividend champion increased by 7.7%. Three dividend achievers $GGG, $MRK, and $COFC also increased by 8.5%, 5.5%, and 3.8% respectively. 

Recent Dividend Increases

 Recently Kroger’s $KR raises the dividend by 11.5%. The yield is 2.5%, PE is 14.46, and the payout ratio is 32.6%.

General Mills’ $GIS raises the dividend by 9.3%. The yield is 2.82%, PE is 18.09, and the payout ratio is 50.94%.

Goldman Sachs raises the dividend by 10%. The FWD yield is 3.1%, PE is 10.65, and the payout ratio is 33.01%. 5 yr CAGR is 26.81%, A great dividend growth company.

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Opened a new position in Medtronics (MDT)

Medtronics ($MDT)

    Yesterday I have opened a new position in Medtronics ($MDT). It is a dividend aristocrat, raising dividends for the last 45 years. They are down 32% from 52 weeks high with a PE ratio of 14. The payout ratio is only 23%. 

The company is a $109 billion dollar medical device company. It's a buy for me for longer term.

I have purchased 15 shares at $77.57. Each share gives $2.72 annually in dividends and I will receive $30 yearly in dividends from this purchase.

    Its 5 year CAGR is 8% which is pretty good and because of its low payout ratio there are plenty of rooms to increase the dividends in the future.

My projected dividend growth since 2017

    Hello all, I am sharing my projected yearly income form dividends. I have started to invest in 2017. Since then I am investing in dividend paying stocks. The advantage of dividend investing is that I will have yearly income from my investment which I am reinvesting to grow my wealth and every company increase their dividends yearly. So more yearly income, more stocks, and more dividends.

    The above figure shows my current yearly income from dividends. In 2017, I had no income from dividends and now in 5 years I am earning $2,408 yearly. 

    The above figure shows how my income increased since 2017. There is a big drop in 2020 as I had to sell some shares to finance my first home. 

    The above chart shows my dividend income monthly in the last 5 years. You can clearly see that my income is keep increasing yearly. The simplest rule is to reinvest the dividends and keep addning more stocks monthly.

    The above figure shows my quarterly income since 2018. In 2018, I was earning only $100 per quarter and in 2022 I am earning more than $400 quarterly which is more than 4 times.