Dividend Dolphin

Yesterday Target (TGT) announced it will raise it's quarterly dividend by 2 cents to $0.62. This is a raise of 3.3%. Owning 15 shares of TGT this raise will increase my yearly net dividend by $1.20 to appoximately€402. With current share price, TGT's yield is 4.47%. My YOC is a bit lower: 3.74%. If the TGT share price stays at current levels for a while I might purchase some more shares....

Yesterday Unilever NV (AMS:UNA)  presented their first Quarter results and presented their new quarterly dividend. They have raised their quarterly dividend from €0.3201 to €0.3585. That's a raise of 12%. At the current share price UNA yields exactly 3%. The dividend raise increases my expected annual dividend income by 6 euros after taxes tot €406. My cost basis for the UNA shares is €38.56, so the new YOC is 3.7%.

This is the second post about Omega Healthcare Investors (OHI) in two days. Yesterday I reported buying 10 shares of the company and yesterday evening I was rewarded with the announcement of a dividend raise by OHI. The quarterly dividend is raised from $0.62 to $0.63. This is an increase of 1.6%. Owning 40 shares of OHI my expected annual dividend income will rise by $1.60 which is not that much. Total expected annual dividend income from OHI will be $100,80 pre taxes and €83.44 after taxes. While OHI raises it's dividend every quarter, I should really look at how much the dividend has raised in a year. Next dividend is 8.6% higher than last year's dividend. That is actually a very nice yearly increase. OHI will yield 7.4% at the current share price and my YOC will be just above 8%.

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%.

Parallel to investing in individual dividend growth stocks I also invest €100 into two mutual funds. One fund is a mixed fnds with both bonds, shares and some liquid assets. This fund automatically reinvests all the dividends and interest payments, resulting in a higher price. The other mutual fund, Kempen Global High Dividend Fund, pays a quarterly dividend. This dividend was raised for 2017. The quarterly dividend is raised from €0.33 to €0.35 per share. This is a dividend raise of 6.06%. The current price for the fund is €31.40, a dividend yield of 4.46%. At the moment I own 11.5 shares of this mutual fund so this raise increases my yearly dividend with 78 cents. However, I purchase for €50 each month and reinvest the dividend automatically. The first payment will be in February the exact date is not set yet.

The great thing about dividend growth investing is that you get regular pay raises. Esspecially when a company raises its dividend every quarter. Omega Healthcare Investorrs (OHI) is such a company. Since owning their shares OHI yesterday announced its second dividend raise. OHI raises its dividend with one cent to 62 cents per share. This is a 1.6% raise. Owning 20 shares this raises my annual dividend with 80 cents. Looking at the year on year dividend growth OHI has raised its dividend by 5 cents or 8.8%.

Two days ago Omega Healthcare Investors announced a dividend raise of one dollarcent. Since I started investing back in march, this is the first time I am experiencing a dividend raise of one of my holdings. Owning 20 shares of OHI this raise will "boost" my 12 month dividend with 80 cents. The 12 month OHI dividend will be $48.80, bringing the yield on costs to 6.84%.