There was a surprise with the recent dividend increase by Ford. The company decided to increase their dividend by 20%. The new quarterly dividend for 2015 will be $0.15 per share. The fund was expecting the raise to be in the $0.13-0.135 range. This increase puts the yield at about 4%. The Bloomberg story about the increase can be read here.
This completes the list of expected dividend increases for KDK Fund that was detailed in this previous post (link here). A future post will cover what the expectations were and what the results were.
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