A more active week than usual in Ron's dividend land
1) On the announcement of a 3rd year of a penny a quarter increase in their dividend (2.7% increase), I liquidated CSCO. Had previously trimmed it twice. No too bad, had about a 20% gain in the position in a relatively short time period.
Used the funds to fund positions in AMGN and TROW. TROW is now a .75 weight position and AMGN smaller, at a .20 weight. It will get built using accumulated dividends over the next year or so.
TROW's most recent dividend increase was 11% while AMGN's was 10%.
2) Trimmed SO some. It is still an overweight position. Used the proceeds on TROW and put some left over funds into SCHD.
Net results of these moves is increased dividend income and increased dividend growth.. Looking at an estimated 15% or so increase in dividend/distribution in 2022 over 2021.
Have good weekends!
1) On the announcement of a 3rd year of a penny a quarter increase in their dividend (2.7% increase), I liquidated CSCO. Had previously trimmed it twice. No too bad, had about a 20% gain in the position in a relatively short time period.
Used the funds to fund positions in AMGN and TROW. TROW is now a .75 weight position and AMGN smaller, at a .20 weight. It will get built using accumulated dividends over the next year or so.
TROW's most recent dividend increase was 11% while AMGN's was 10%.
2) Trimmed SO some. It is still an overweight position. Used the proceeds on TROW and put some left over funds into SCHD.
Net results of these moves is increased dividend income and increased dividend growth.. Looking at an estimated 15% or so increase in dividend/distribution in 2022 over 2021.
Have good weekends!