Yesterday, February 4, the Board of Directors of Gilead Sciences, Inc. announced a quarterly dividend increase from $ 0.63 to $ 0.68 per share that’s payable March 30, 2020 to holders of record March 13, 2020. This represents a 7.94% increase to the last quarterly dividend.
With current price $ 67.40 (yesterday's close), this
raise brings their dividend yield to 4.04 %.
Since I own 40 shares of GILD, this will increase my
portfolio's projected annual net dividend income by $ 5.96.
This increase raises my YOC to 4.34%.
Summary of 2020 Dividend Increases / Cuts
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