Friday, June 12, 2015
CAT raises dividend 10% and TGT raises dividend 7.7%
It's been a few days since I checked my personal email and I just noticed that I have not been receiving Seeking Alpha updates. So when I logged into SA, I was pleasantly surprised to see a couple of recent dividend increase announcements.
CAT announced that it will be raising its quarterly dividend from $.70 to $.77. This represents a 10% increase over the last raise and the new yield 3.51%
The ex-dividend date is July 16th and the pay date is August 20th.
Since, I currently own 71.93 shares my yearly dividend will increase by $20.14.
Also TGT announced that is will be raising its quarterly dividend from $.52 to $.56. This represents a 7.7% increase and the new yield is 2.80%
The ex-dividend date is August 17th and the pay date is Sept 10th.
Since I currently own 145 shares, my yearly dividends will increase by $23.20.
In other words, I will receive an extra $43.36 each year for doing absolutely nothing. I'll take it! It would take approximately $1500 invested at 3% to generate that kind of incom.. The good news is I didn't have to do anything to receive the extra money.