Hello everyone, I hope all is well with you. Today I wanted to share with you a dividend increase I received this month. I’m a little late in posting this as the increase was announced way back on March 3rd. Back in January I started a position in General Dynamics and it’s nice to get a raise so quickly into my investment. This raise is the 24th consecutive year General Dynamic has raised it’s dividend. This year the increase is 8.2% and the quarterly payment will jump to $1.19 per share up from $1.10.
I currently own 40 shares of the company, and so with this news my quarterly income will increase by $3.60 and annually by $14.40.
Portfolio Raises in 2021
|Stock||Old Dividend||New Dividend||Forward Income|
|Canadian National Railway||$0.575||$0.615||$4.16|
|Brookfield Renewable Partners Corp.||$0.2893||$0.30375||$2.96|
I’ve almost hit three figures with these dividend increases. Johnson & Johnson should be my next company to announce an increase here shortly and they should boost be over the $100 mark.
If you own General Dynamics congratulations on the raise.