Quick update today! But it's one that I love.
I love hearing about dividend increases. Like absolutely love them. There's few things that I like more than getting paid extra just for owning quality companies. Yesterday, Kinder Morgan, Inc. announced earnings that missed analyst estimates for earnings per share by $0.01 with revenue coming up short by about $950 M. But the big news of the day was that they announced yet another increase to the dividend. I expected them to continue the trend of small quarterly increases that end up being excellent growth year over year, but management surprised me with a $0.03 increase from $0.45 to $0.48. That's 6.7%! And the best part is that I had to do nothing for this raise. I didn't have to help them lay down new pipeline or do maintenance on any of it. All I had to do was have the foresight to invest some of my savings in an excellent company. That's dividend growth investing at work!
This increased my forward dividends by $26.22 per year. Since my portfolio's yield is 3.05% that's like I just invested another $859.57 in capital. But I didn't have to because one of the companies I own decided to pay me more. That's how you can eventually reach the crossover point where your dividends received exceed your expenses.
My FI Portfolio's forward 12-month dividends are now at $5,580.31 and including my Loyal3 Portfolio's dividends of $55.48 brings my total forward dividends to $5,635.80.