Dividend Increase: Devoted Friend In A Stormy Market
While feeling a little helpless during the recent market tailspin, it’s comforting to know that we can still count on many stocks to raise their dividends, as they always have been. My second anniversary as a dividend investor is coming up in Feburary, but boy, so far the reality is panning out just as all the dividend investing books said: scoop up rock-solid businesses with histories of raising dividends when they’re cheap. Pretty simple, really.
It’s time for another update on my portfolio. 2 months ago I reported a 22.7% distribution increase from North West Company income fund, however 4 more stocks have energized my passive income since:
Power Financial – 7.7% (25% from last year)
Telus – 20% (20% from last year)
Yellow Pages – 3.7% (9.7% from last year)
Boston Pizza Royalty Fund – 1.8% (5.5% from last year)
Pampered between a rent freeze and dividend increases, I can get used to this.
[…] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerpt While feeling a little helpless during the recent market tailspin, it’s comforting to know that we can still count on many stocks to raise their dividends, as they always have been. My second anniversary as a dividend investor is coming up in Feburary, but boy, so far the reality is panning out just as all the dividend investing books said: scoop up rock-solid businesses with histories of raising dividends when they’re cheap. Pretty simple, really. It’s time for another update on my portfolio. […]