Dividend Increases for My Portfolio
In the time since I started my portfolio I've had several stocks announce dividend increases.
This table shows the value of investing in dividend growth companies. Despite 6 of my 16 current holdings between my brokerage and Roth IRA not increasing yet, I have still received an average pay raise of 13.39%. I expect the rest will continue their past of dividend growth but we're just not at their usual increase date yet. I know it's a little skewed this year because of the large increases from 3 of my financial holdings but it is what it is.
*I don't expect a dividend increase prior to the completion of the spinoff. However, management has stated that they will keep the $0.66 quarterly dividend for the Conoco stock and that the Phillips 66 spinoff company will have an initial dividend of $0.20 per quarter with planned annual increases of 5%.
| Company | Old Quarterly Dividend | Newest Quarterly Dividend | % Increase |
|---|---|---|---|
| Bank of America (BAC) | $0.01 | $0.01 | 0.00% |
| Waste Management (WM) | $0.340 | $0.355 | 4.41% |
| Wells Fargo (WFC) | $0.12 | $0.22 | 83.33% |
| SORL Auto Parts (SORL) | -- | -- | -- |
| Pfizer | $0.20 | $0.22 | 10.00% |
| EOG Resources (EOG) | $0.16 | $0.17 | 6.25% |
| ConocoPhillips (COP)* | $0.66 | $0.66 | 0.00% |
| Coca-Cola (KO) | $0.47 | $0.51 | 8.51% |
| Procter & Gamble (PG) | $0.525 | $0.562 | 7.05% |
| McDonalds (MCD) | $0.61 | $0.70 | 14.75% |
| AT&T (T) | $0.43 | $0.44 | 2.33% |
| Intel (INTC) | $0.21 | $0.21 | 0.00% |
| Alcoa (AA) | $0.03 | $0.03 | 0.00% |
| Halliburton (HAL) | $0.09 | $0.09 | 0.00% |
| Tower Group (TWGP) | $0.13 | $0.1875 | 44.23% |
| JP Morgan Chase (JPM) | $0.25 | $0.30 | 20.00% |
| Average of Increases | -- | -- | 20.09% |
| Average of All | -- | -- | 13.39% |
This table shows the value of investing in dividend growth companies. Despite 6 of my 16 current holdings between my brokerage and Roth IRA not increasing yet, I have still received an average pay raise of 13.39%. I expect the rest will continue their past of dividend growth but we're just not at their usual increase date yet. I know it's a little skewed this year because of the large increases from 3 of my financial holdings but it is what it is.
*I don't expect a dividend increase prior to the completion of the spinoff. However, management has stated that they will keep the $0.66 quarterly dividend for the Conoco stock and that the Phillips 66 spinoff company will have an initial dividend of $0.20 per quarter with planned annual increases of 5%.
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