What a day!
I had three companies increase their dividends today.
Kimberly Clark raised the dividend to $0.88 which was good for a 4.8% increase.
Lorillard raised the dividend to $0.66 which was good for a 7.3% increase.
And the granddaddy of them all!
T. Rowe Price raised the dividend to $0.52 which was good for an 18% increase!
Not only that, but T. Rowe Price will also be paying out a special $2.00 dividend in April.
I own 25 shares of T. Rowe Price so that special dividend alone will add $50 to my yearly dividend total that I was not expecting to receive whatsoever! The $0.08 raise will add an additional $8.00 to my yearly total as well.
The magic of dividend growth investing is at work and this post proves how awesome this journey can be!