Thursday, February 16, 2017

KO raises dividend 5.71% --- New yield is 3.59%




Well it looks like I get another pay raise today. KO raised its dividend up from $.35 to $.37 today. This represents a 5.71 % increase! While not a high as some previous years, this is a solid raise nonetheless.

The ex-dividend date is 3/13 and the pay date is 4/3.

Since I currently own 262.02 shares, my yearly dividends will increase by $20.96!

2017 Dividend raises
  • OHI:  1.64% --- $3.20
  • KMB:  5.43% --- $8.03
  • GILD:  10.64% --- $10.49
  • CSCO:  11.54% --- $13.92
  • TROW:  5.56% --- $9.09
  • KO:  5.71% --- $20.96

Total yearly dividend increase is $65.69


11 comments:

  1. KO has not been getting a lot of love in recent months. A lot of articles about how the stock has done nothing in two years, slow or no growth in some segments, yet there is enough cash flow to give us raises. No complaints from me. I'll be happy with this bump.

    ReplyDelete
    Replies
    1. DivHut,

      KO is the ugly stepchild for sure. That good. 3.5% and 50 years of dividend increases makes it well loved in my house!

      MDP

      Delete
  2. Ditto. Glad to hear this increase. I was already planning to add more KO to my portfolio. Just like DivHut said, KO is out of favor, but I think it's an entire market sentiment that everyone is chasing the growth stock now. Most of the Blue Chips/Utilities/Reits, the usual income play is not on everyones radar as they chase that growth.

    Me, I'll stick with what works.

    ReplyDelete
    Replies
    1. MD,

      Keep adding KO and you'll be happy! I'm watching the sectors you mentioned closely as well. When GS, BA, and SBUX come back down, I'll gladly add a few shares. Until then telecoms, utilities, and pharma is on my mind!

      MDP

      Delete
  3. Let's hope the new CEO does something with this company in the mean time I keep accumulating shares.

    ReplyDelete
    Replies
    1. NC,

      Yes! Sometimes solid companies can remain dormant for years. Use the opportunity to build your position.

      MDP

      Delete
  4. KO does seem popular right now. With a 5.7% pay raise, that seems like a good reason. Maybe I should add some to my collection of dividend stocks.

    ReplyDelete
    Replies
    1. DM,

      KO will not stay down on the mat forever. Buy while you can! I am.

      MDP

      Delete
  5. Happy to get the raise! With my 200 shares, I'm not quite getting a $20 raise, but it's close.

    ReplyDelete
    Replies
    1. FerdiS,

      200 shares is awesome! Glad to join you in the 200 club! Next stop 300!!

      MDP

      Delete
  6. I heard a good saying about KO the other week - No portfolio manager ever got fired for buying Coke. I do not own any currently, but if the slide continues I am going to have to buy some.

    ReplyDelete