The snowball is growing! It feels good when your given a raise and no extra work was needed to achieve this raise. February was a great month for dividend investing with 10 of my positions declaring a dividend increase. These ranged from 12% to a paltry 0.67%, but with these uncertain times any increase is welcome and anything above 6% fantastic. Unfortunately not all the news was good, Intel cut it’s dividend by 65%. The writing was on the wall and I was not surprised and cuts are the reason it’s important to diversify. The cut stings but would be much worse if this was my sole source of dividends.
These increases add an additional $57.54 in PADI (Projected Annual Dividend Income), at my current portfolio yield of 3.2% it would require $1798 in new investment capital to achieve the same results. An extra $57 and all I had to do is continue to hold the stock! With my portfolio being in it’s infancy stage the numbers are small now but with continued investing into dividend growth companies maybe a February in the future I will have $570 in PADI.
February was great but increases will taper off in March.
How did your portfolio do this month? any good increases?