Yeah, I'm running late getting this out. Been a busy month, so I am not sorry... Easter is on its way.
So let's cut to the chase.
I gots me some dividend increases in February! Quite a nice month seeing $109.79 being added to my annual dividend income.
The whole point of this investment strategy is to see the companies I own in my portfolio increase their payout to their shareholders at a pace that beats inflation.
currently the US inflation rate for 2021 is at around 2.24%. Last month, that rate of increase from the companies that announced a div hike averaged 5.52%. Doubling the inflation rate.
If I can hold this pattern throughout my whole portfolio, my income will snowball into something real substantial.
Here's the breakdown:
The hike with the biggest impact was T. Rowe Price (TROW) with their 20% increase. Wow. Robert Half International (RHI) and Home Depot (HD) were also very welcome.
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