Dividend Dolphin

It hasn't happened to me a lot since I've started investing, but today another company decided to give me a pay raise. Coca Cola Company (KO) raised it's quarterly dividend from$0.35 to $0.37 a share. This is a raise of 5.7%. Much higher than inflation in The Netherlands at the moment. Since I own 28 shares of KO my annual net dividend income is increased by $1.90. This raise rises YOC to 3.4%.

After selling TGT yesterday I was looking to add to one of my existing positions. I decided to add 9 shares to my Coca-Cola holdings. Why did I choose or KO and not one of my other holdings? Well the truth is it was my smallest holding and it is now at a much lower price than the other shares I bought. So yesterday I bought another 9 shares of KO for $41.20 each. My total position is now 28 shares of KO. This purchase will add $12.60. So selling TGT and buying KO has increased my yearly dividend income by three dollars.

The month is passed so it is time to update my divididend income until October 2016. Last month I received €8,66 by two companies. Whitestone REIT (WSR) gave me $0.095 per share. As I own 50 shares and am taxed 15% on dividend income I received $4,03. Also the Coca Cola company payed me for owning their shares. They payed $0.35. Owning 17 shares my net income was $5.05. For my first half year of investing and in an off month I am happy with this number. Coming months the dividend income will be much higher. I expect twice as much in november and three to four times as much in december.