Today Boeing announced an 20,2% increasee of their quarterly dividend. The quarterly dividend is increased from $1,71 to $2,06.
Because I own 6 shares Boeing this results in an increase of my yearly estimated dividend income by $8,40.
As a result of the new dividend my yield on cost is 3,84%
Today I bought 2 shares Boeing at a price of $308,80. With this purchase I add $13,68 to my yearly estimated dividend income. After this purchase I own 6 shares Boeing. I bought my original 4 Boeing shares for $167,62. As a result of the purchase I made today my average purchase price of Boeing is increasing to $214,77.
The dividend yield of Boeing based on the price I paid today is 2,21%. Yield on cost based on my average purchas price is 3,18%.