Today Coca Cola announced a 2,6% increase of their quarterly dividend. As a result of this increase the dividend is up from $0,39 to $0,40 per quarter.
I have 39 shares Coca Cola so as a result my yearly estimated dividend income increased with $1,36. Yield on cost is now 3,60%.
This dividend increase is slightly disappointing for me, because I expected a 2 cents increase just as in previous years. Nevertheless I’m happy with the 16th dividend increase this year.
Yesterday I for the 3rd time bought shares Coca Cola. This time I bought the shares against price per share of $42,20. I now own 39 shares Coca-Cola with an average purchase price of $44,37. With this purchase I add $26,52 to my yearly estimated dividend income.
While writing this post I realized that previous time I bought more Coca-Cola shares at the end of January, I bought them at price just 20 cents below the 52 weeks high, actually even a 5 year high. Now I add the shares close to the 52 weeks low of Coca-Cola which is a much better moment to add shares.
I now bought shares Coca Cola 3 times:
1st purchase: 15 shares @ $44,95
2nd purchase: 7 shares @ $48,41
3rd purchase: 17 shares @ $42,20
The current yield on cost based on the weighted average purchase price is 3,52%.
Today Coca Cola announced that the quarterly dividend will be increased from $0,37 to $0,39. This is an increase of 5,4%.
I have 22 shares Coca Cola so this dividend increase results in an estimated yearly dividend increase of $1,76.
The yield on cost after this dividend increase is 3,39%.