As the current inflation nightmare is the biggest factor in our current economy, dividend growth investors get somewhat of a break by owning stock in companies that continually raise their dividend payout to match growth/current price.
For the month of May, I had six increases announced that resulted in an increase of 6.13% for the six companies involved. Not quite beating inflation, but gets close.
Much thanks to Lowe's (LOW) that announced a 31.3% increase.
Overall, my annual income increased by $72.40. It look like a tiny meaningless drop, but over the course of a year, I have over 120 companies that will be raising their dividend, IT adds up. And, of course, it all gets put back into the market where it compounds.
Here's are the details.
Happy to see a few of those names in my portfolio. Those dividend raises couldn't come fast enough with our ever shrinking dollar.
ReplyDeleteThanks! You are so right.
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