2 more of my holdings announced dividend increases today:
Xcel Energy (XEL) announced a 6.3% increase to their quarterly dividend, bringing it to $0.34 per share vs the previous $0.32. This is basically in line with my expectations. This brings XEL’s dividend increase streak to 13 years. XEL has one of the most shareholder friendly sites you can visit. Their goals are stated front and center for shareholders, so there is no confusion on what they are trying to achieve. Check it out for yourself. Those goals basically make me happy if they achieve them. Nothing wild or exciting, but just a slow and steady increase to my passive dividend income strategy over time that I can live off. Don’t fret either about it being an energy provider. It has also had capital appreciation as well, besting the S&P500. Here is their dividend history.
Coca Cola Co. (KO) also announced their annual dividend increase for the year of 6%. The new quarterly amount will be $0.35 vs the previous $0.33. Again, this is roughly in line with expectations. This marks 54 consecutive years of dividend increases from KO. Over the last decade, KO has outperformed the S&P500. I don’t know what to say about KO, it’s another of my boring holdings that has a slow burn. Hardly any bad surprises coming from them. Here is their dividend history. This is a pretty safe dividend play with a respectable payout ratio. I pretty much expect a 2-3 cent annual raise for my lifetime.
This brings the tally to 16 of my holding announcing increases for the year and just 1 with a decrease.
My 2017 dividend income is already going to be 2.6% higher. This is only through todays info Feb 18.
Goal is to increase dividend income 5% per year in retirement. So far on pace to exceed that (annualized at just over 10%), but in reality I’m thinking the neighborhood of 7% 2017 vs 2016 is possible.
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