O raised its monthly dividend from $.1815417 to $.1818542 per share representing a .17% increase. While certainly a small amount, I will take an increase any time I can get one. This increase will boost my monthly income by $.03 and my annual income by only $.36. At least O has my best interest at heart and is likely to do quarterly raises for a while.
PM raised its quarterly dividend by 10.59% from $.85 to $.94. I am quite pleased with this double digit increase since PM is my top holding and I was expecting a lower boost for 2013. Because I now control 104 shares, this raise will pad my annual income by a whopping $37.44 and is just as useful as a new purchase. I really couldn't be happier! I look forward to the day when increases from my other positions become as meaningful as this one.
I expect McDonald's to unveil a higher dividend rate sometime within the next few weeks, and am also on the lookout with a few other holdings to include WPC. Since most of the 2013 increases have already been announced, it's safe to say this has been a great year.
Hope you all have a nice weekend. It's Miller time!