Yesterday BP raised its quarterly dividend from $.585 to $.60. This represents a 2.56% increase from last quarter and a 5.26% over last year. Since I own 225 shares, my yearly dividends will increase by $13.50.
Aflac also announced that it will increase its quarterly dividend from $.37 to $.39. This represents am increase of 5.4%. This is a rather unimpressive increase in a relatively low yielding stock, but I suppose any increase is better than no increase. I currently own 67 shares so my dividends will increase $5.36.
The combined increase in yearly dividends is $18.86.
ARCP has seen its shares collapse today with shares trading as low as $8.93. Apparently there are some accounting irregularities that have surfaced. When I first started buying shares, I mentioned that this investment should be viewed as speculative. My current share count is only 191 shares and this represents less than 0.6% of my portfolio. The yield is now in excess of 10% and should be viewed as unsustainable in my opinion. While I have no plans to sell right now, I will be watching it closely.
This is a classic example of why we should always remember to diversify across sectors, companies, and asset classes.