Thursday, June 20, 2013
Dividend Increase: MDT
Medtronic (MDT) is increasing its quarterly dividend by 7.7%, from $0.26 to $0.28 per share, putting the company on track for its 36th consecutive year of dividend growth (news release). Given that I own 55 shares of MDT, my quarterly dividend increases from $14.30 to $15.40 and my yield on cost becomes 3.46%. The extra $4.40 in annual dividend income raises my forward 12-month dividend total to $2,417. Thus far this year, there have been dividend increases for 18 of the 28 stocks in my portfolio.
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Wow 18 out of 28 increases already, that's fantastic! MDT's current yield may be low but those dividend increases are high and consistent making MDT the dividend champion that it is.ReplyDelete
CD: I like the consistency of MDT and its dividend increases. As a bonus, it's been one of the largest gainers in my portfolio (over 60% capital gain).Delete
It's nice to see that 18 of my 28 stocks have had dividend increases in 2013 (some were announced in late 2012 but didn't take effect until 2013, so I count them for this year). Moreover, 8 of the 10 remaining stocks had double-digit percent increases last time, so I'm looking forward to the announcements coming up.
Nice - gotta love those dividend increases!Delete
I also love dividend increases. It is so nice seeing your stock bringing you 10 or more per cent on your original cost while the listed current yield is only 3%...ReplyDelete
Martin: I look forward to seeing my stocks eventually reach double-digit yield on costs. Hopefully it's just a matter of time.Delete
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