HCP just increased its dividend by 3.8%. The new quarterly dividend will be $.545 up from $.525. I have 210 shares so my yearly dividends will increase $16.80. Since I only been investing in individual stocks about 7 months, this is only my third company (MSFT and T are the others) to announce an increase. I must admit I am kind of excited even though it is only $16.80. It is truly awesome to see an increase in annual dividend income without investing additional capital.
Between this increase and my new sharebuilder account I recently opened, I am even more resolved to expand my dividend portfolio!
My new forward dividends will increase from $9219.32 to $9236.12.