Wednesday, 17 April 2013

CSX Increases Dividend


Today, CSX increased its dividend from $0.56 to $0.60 per year, or 7%. My yield on cost is now 2.92%.

I was pleased to read the following statement in the press release:

At the same time, the company expects to produce average annual earnings-per-share growth of 10-15 percent through 2015 off of the 2013 base, which is expected to be flat to down from prior-year levels.

As of today, my dividend increases for 2013 are:

Company
2013 Div Increase
$$$ Increase
CSX
7%
$6.00
Enbridge
11.5%
$34.19
JP Morgan*
26.7%
$64.00
North West Co
7.7%
$32.00
SNC Lavalin
4.5%
$14.00
Teva
15%
$59.00
Vodafone
7%
$27.12

My forward 12-month dividends stand at $4,219.18.


2 comments:

  1. Good job. I see you're having a nice year so far! Great income boosts here!

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    Replies
    1. Thanks CI. 2013 is the first year that i'm tracking my overall dividend growth rate (excluding dividends from new capital). I'm hoping that i can average 8% per year for several years. So far, it looks promising.

      Take care

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