Thursday, February 20, 2014
Dividend Increase, Coke Bubbling Up More Dividends
Coca Cola (KO) has recently announced that they will be increasing their dividend from $0.28 to $0.305 per share. This constitutes an increase of 8.9% from their previous payout. I don't know about you, but getting an 8.9% raise in a year for doing absolutely nothing seems pretty nice to me! This is the power of dividend growth investing in action.
I personally have 26 shares of coke in my portfolio. Today's action increases my yearly dividend payout from $440.61 to $443.21 per year. A total increase of $2.60. While this may not seem like much, every single penny counts, and this snowflake just became integrated into my little snowball forever. I have updated my portfolio to reflect this change.