August was a great month for dividend increases for my portfolio. Only 4 increases, but a couple were over 10%.
Bank of Nova Scotia (BNS) increased their dividend from C$0.87 to C$0.90, a 3.5% increase. The annual dividend went from $219.24 to $226.80. A $7.56 increase.
Canadian Imperial Bank (CM) raised their dividend 3% from C$1.40 to C$1.44. This increased my annual dividend from $246.40 to $253.44. That's a $7.04 increase.
Cummins Inc (CMI) raised their dividend a nice 15% from $1.14 to $1.31. This increased my dividend from $136.80 to $157.32. A sweet $20.52 annual increase.
In total, I gained $38.12 in my annual dividend just by merely holding on to the shares in these companies. So I celebrated by eating at the Rainbow Drive in in Honolulu. Here's a rainbow over The Rainbow...
|The legendary Rainbow Drive-In in Waikiki.|
In the world of buys, I only made one purchase. I picked up 3 shares of Raytheon (RTN) at $182.94 for a total of $548.82. This increased my annual dividend by $2.82.
I am sitting on most of my dividends from this past month and am heading into by biggest moth of each quarter in terms of divided payments. I plan on going shopping and will update you with them as I make the purchases.