working towards €1.000 a month in dividend income
Today McDonalds announced an increase of their quarterly dividend from $1,16 to $1,25. This is an increase of 8%.
As a result of the 11 shares McDonalds I own my yearly estimated dividend income will increase with $3,96.
Based on the new dividend my yield on cost will be 3,21%.
Yesterday it was the M of Microsoft and today’s it’s the M of McDonalds if it’s about dividend increases. McDonalds announced a 15% dividend increase. The quarterly dividend is increased from $1.01 to $1.16.
I own 11 shares McDonalds so this dividend increase results in $6,60 in extra dividend income per year. My yield on cost is now 2,98%.
My June purchase I did spread over 2 positions in my portfolio.
I bought 5 shares McDonalds bringing my total number of McDonalds shares to 11. Also I increased my position in AbbVie again. I added 12 shares and now own a total of 35 shares AbbVie. AbbVie is now one of my largest positions in my stock portfolio.
With these 2 purchases I increased my expected yearly dividend income with $66,28