Realty Income
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.
Philip Morris
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.
Looking Forward
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!
Great news. The same three company i own as well. Good luck to you.
ReplyDeleteThanks FFD!
DeleteMiller time? I'm posting this from the Brewer's game right now. You're not from Milwaukee are you? I have both O and MCD too. Loving the dividend increases!
ReplyDeleteScott
Illiteratewithdrawal.com
Hey Scott!
DeleteNo I'm not from Wisconsin, but I had already started Miller time when I wrote this post. I think it turned out okay, haha! I'm currently stationed in Colorado and love it here. Cheers!
I maintain a calendar of the approximate dates of the expected dividend increases for the stocks I own. I'm expecting dividend increases for MCD, LMT, and MSFT in September.
ReplyDeleteNice! I regret passing on LMT and missed a free ride to the moon with that one. Early this year I was considering it along with a couple other defense contractors. I chose RTN a while back and have enjoyed considerable dividend growth the past few years. Unfortunately I find defense contractors to be a bit pricey at the moment.
DeleteThanks for checking in!
It wouldn't be anything extra if Realty Income wouldn't pay monthly dividend. With monthly dividend it is exceptional stock and even a small increase makes sense. It wasn't however the only increase this year by almost 19%, so no matter what, it is a great stock...
ReplyDeleteI agree that O is a wonderful company! I think they'll do the standard .2% quarterly raise with occasional 2-3% raises mixed in. Over the course of a year it sure adds up.
DeleteMcDonald's did a 5.2% raise. Unfortunately that is a bit smaller than usual. On the other hand they are up to a 38 year streak. WPC did a 2.4% dividend boost. This marks the 50th consecutive quarterly raise for the company and is comparable to O in many ways.