Dividend Increase #9 of 2021

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

StockOld DividendNew DividendForward Income
Canadian National Railway$0.575$0.615$4.16
3M Company$1.47$1.48$0.80
Brookfield Renewable Partners Corp.$0.2893$0.30375$2.96
BCE$0.8325$0.875$13.08
Go Easy$0.45$0.66$26.04
TC Energy$0.81$0.87$9.12
Home Depot$1.50$1.65$13.80
Aecon$0.16$0.175$7.80
General Dynamics$1.10$1.19$14.40
Total$91.36

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.

Thanks

Matthew

2 thoughts on “Dividend Increase #9 of 2021

  1. Out of curiosity, how come you don’t own stocks like KO or O? Just two examples that came to mind. I suppose what I’m really asking is if you could please talk about why you picked the stocks listed above?

    Like

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