Welcome back folks! Time for my monthly dividend increase report for January.
Dividend increases is what it's all about. - seeing increases that beat inflation. With high inflation at this time, getting close is not too bad. I suspect we will see inflation creep back down as the supply chain issues work themselves out.
This month eight companies rewarded their shareholders with a div increase. Some larger than others. I'll take it all!
Dividends are simply a company sharing their profits with individuals who trust them enough that they bought in to become co-owners.
If these companies keep increasing the dividend year after year, your yield from your original purchase will be stupendous.
Last month, the eight increases brings me an extra $56.30 in dividend income. Overall, I got a 5.52% increase.
The best increase was from Norfolk Southern (NSC) and a 13.8% increase. Of course, that's the holding I own the least of. Go figure.
Here's the breakdown: