On Tuesday Kraft (KRFT) announced that is will raise its quarterly dividend from $.525 to $.55 which represents a 4.76% increase. Since I own 75 shares, my yearly dividends will increase by $7.50. While this isn't the biggest dividend raise, it is good to see a strong company will an already high yield give its investors a pay raise.
There has been some churning in the markets recently which is a good thing. Since I am still in the accumulation phase of the FI journey, this means I can achieve greater future cash flows with less current capital investment. Energy, heavy machinery, autos, and commodities continue to take the brunt of the market's fury. GE, DE, CAT, GM and <Name your oil/energy company here> are becoming more attractive by the day. Hopefully a little more blood will hit the streets during the rest of this year so we can take advantage of some quality companies with very attractive yields.
Record date is October 17th and the pay date is October 31th.