Yesterday Kraft announced a quarterly dividend increase of from $0.525 to $0.55 per share that’s payable October 31, 2014 to holders of record October 17, 2014. This represents a 4.76% increase to regular quarterly dividends. With current price $55.74 (today's open), this raise brings their dividend yield to 3.95%.
Since I own 100 shares this will increase my yearly net
dividends by $7.45.
That increase rises my YOC to 4.05%
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to see my portfolio holdings.
You can follow the development of my dividends here.
Thanks for posting. I was actually about to initiate a position with Kraft today through my L3 account, but held off for the moment. Ended up just adding a bit to my current positions.
ReplyDeleteI just got another raise for doing nothing. Gotta love it. :-)
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ReplyDeleteDividendHawk,
ReplyDelete4.76% increase is not much but it brings KRFT yield close to 4% which is attractive compare to S&P average. Just like what Captain Dividend said, got another raise for doing nothing. Hopefully KRFT will continue to raise their dividends every year so we get our regular raise every year :)