GE has just announced that they have increased their quarterly dividend from $0.22 to $0.23 per share. Getting a 4.5% increase in the dividend is very positive for shareholders. This also puts the dividend back to the level it was at before the financial crisis. The Bloomberg story link is here.
This is the third company in the fund's portfolio to hike their dividend in the last six months (Realty Income and Sysco being the others). Current dividend hikes will add 1.5% to the dividends received in 2015 compared to 2014. More dividend hikes for 2015 are expected. Investing capital into companies that are able to continue to increase their dividend payments is one way to build lasting wealth.
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