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 |
| 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
[…] Matthew has dividend increase #9 for 2021. […]
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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?
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