The bread and butter of the DGI strategy are the raises you receive over time.
Dividends itself are a great way to earn some money, but increasing dividends are amazing.
Especially if you consider the effort you have to put in, to get those raises: none!
My blog is only 13 months old and I have had the pleasure of receiving several raises.
This month is no exception.
Target Corp (TGT)
On June 9th, TGT increased their quarterly dividend from $0.52 to $0.56.
This is a 7.69% increase! I wish my employer would give me the same..
This increases my YOC from 3.55% to 3.82%.
Kinder Morgan Inc (KMI)
On July 15th, KMI increased their quarterly dividend from $0.48 to $0.49.
This is a 1.85% increase. One penny doesn't seem to be much, but every penny counts!
This increases my YOC from 5.52% to 5.63%.
Omega Healthcare Inc (OHI)
Also on July 15th, OHI declared a $0.55 dividend. This is also a 1.85% increase.
This increases my YOC from 6.09% to 6.20%.
Pretty nice YOC's if you'd ask me. Definitely happy with that.
Did you receive any raises recently?
Thanks for reading!