Dividend Increases

I have mainly been investing in dividend growth stocks since I stopped working and have been living off my portfolio, but I do have some fooling around money. My dividend increases since living off my portfolio from 1999 averages 10.65% per year with a median increase of 9.09%. The highest yearly increase is 54.77% and the lowest is 0.82%.

Over the past 10 years, average increase is 6.92% and median is 6.89%. The highest yearly increase is 12.90% and the lowest is 0.82%. The second largest was 11.99% and the second smallest was 2.58%.

The way I look at this is that any increase greater than the rate of inflation is good. I have compounding working for me. I must admit, compounding takes a while to work, probably 10 plus years, but it does work for you.

On my other blog I wrote yesterday about Keyera Corp (TSX-KEY, OTC-KEYUF) ... learn more. Next, I will write about Cenovus Energy Inc (TSX-CVE, NYSE-CVE) ... learn more on Wednesday, October 30, 2024 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

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