Oh boy! It's a new year and with that comes the annual horde of Dividend increases.
I love baby Yoda btw....
These increases are exactly why I invest in...drumroll....dividend growth stocks. The magic of compounding begins and my return on my investment will grow year after year. Here's an example:
If you had bought one share of Coca-Cola (KO) in 1919 for the $40 opening price, because of splits over the years, you would now have 9,216 shares. With each share paying $1.64 cents in dividends per year, You would receive $15,114.24 annually (or a cool $3,778.56 every three months). That's a 37,785% annual dividend payout yield. Wow. I just like 5%
So increases are the center of the dividend investor universe. And traditionally, December through February is the center of the dividend hike season.
This January was no exemption. I received 8 increases adding $38.59 in my annual dividends. Might not sound like much, but it really snowballs.
The big winner was Air Products and Chemicals (APD) and their 11.9% increase and wintrust Financial (WTFC) with a 10.7% hike.
On a NSFW sidenote, I started looking at WTFC because the ticker symbol kind of sounded like "what the fuck" 👀.... And so I bought them.
Overall, I had a 5.2% hike in dividends from these companies. That's good stuff.
Here's the breakdown!
And February will come the motherlode! See ya then!