Dividend Increase: KO

One of my dividend-growth stocks, Coca-Cola (KO), increased its quarterly dividend by 8.5% today, raising the payment from $0.47 to $0.51 per share. This puts the company on track for its 50th consecutive year of dividend growth, which is a fantastic streak. Given that I own 30 shares of KO, my quarterly dividend increases from $14.10 to $15.30, which will add an extra $4.80 to my annual dividend income. This dividend increase also boosts my yield on cost over the 3% mark to 3.10%.