Cisco just increased its dividend by 11.7%. The new quarterly dividend will be $.19 up from $.17. I own 240 shares so my yearly dividends will increase by $19.20. Dividend increases are so cool!
I was a bit hesitant to buy Cisco back in December. It was one of a few "dogs of the dow" that I was watching. Other "dogs" that I have purchased recently include PFE, T, and GE. The reason I was hesitant was because I thought that I might have another Intel on my hands. Old guard high tech companies have had a rough couple of years.
This is a welcome dividend increase. Hopefully DLR, PG, and KO will follow with dividend increases in the near future.
**********************************************************************
I just noticed that DLR also increased its dividend by 6.4% The new quarterly dividend will be $.83 up from $.78. I own 100 shares which means my dividend will increase by $20.00 a year.
Between CSCO and DLR my yearly dividends will increase by $39.20!! To put this increase in perspective, the $900 in new capital invested yesterday only increased my yearly dividend by $38.52. It is dividend raises like these that reinforce my enthusiasm of DGI.
Wow that is neat. The dividend raise is increasing your income more than your recent purchase! Gotta love it:)
ReplyDeleteDexter,
ReplyDeleteThanks for visiting! Yeah the raise is a cool feeling. Hopefully Coke and P&G will soon raise their dividends. I just visited your site. It looks like you are creating a nice portfolio yourself.
MDP