Howdy folks! I am glad to report that we are actually beginning to see the return of the increasing dividend.
A central focus on my investment strategy is to buy shares in companies that have a solid pattern of increasing their dividend. If it happens on a regular basis, your original investment will earn a giant percentage back in dividend payments. That's the appeal of Dividend Aristocrats, companies that have increased their dividend for 25 years or more.
For October, I saw increases to 6 companies. The biggest gainers were ABBV, with a surprising 10.2% increase, and Onemain Holdings with a whopping 32% dividend increase. Also saw a 10% gain from Williams Sonoma (WSM).
Stuff like that beats inflation. That's the name of the game.
Overall, I saw a $59.92 annual increase in my dividends, just for hanging on to them. Taking these increased dividend payouts and re-investing them in more dividend growth stock will result in a passive income snowball that can make a huge change in your life. Remember, if I can do it, anyone can. and your dog...