A dividend from AT&T was received. The dividend was over 3% higher than last quarter and 7% higher than normal because of portions of previous dividends being reinvested along with an annual increase of $0.01 per share. This type of increase is how wealth is created and sustained.
Dividend reinvestment is one way KDK Fund uses to create wealth. Getting 3% quarterly increases due to dividend reinvestment is awesome! Needless to say, a portion of the dividend will be reinvested. More importantly, a portion will be going to charity, which is even better!
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