Well, it’s happened again… two times actually. I got to report to my wife that as of today, we have received two more brand-spanking new “Pay Raises!” That’s right… of our 18 concentrated holdings at this time, we just learned of dividend increase pay raises from Factset Research (FDS) and Tractor Supply (TSCO). That’s 13 pay raises already in this year. We’ve 5 more to go yet.
FDS raised from $1.56 a share to $1.76. That $.20 a share increase is a 12.82% pay raise. Not bad. Tractor Supply did much better!
TSCO raised from $.64 a share to $.80. That $.16 a share increase is a whoppin’ 25% pay raise!!! Now, that’s something to get excited about!
Doing some more math, all of the holdings have raised within the past 12 months, and the average increase from all 18 of the current concentrated holdings comes to 18.13%. That is a wonderful number! Dividing 72 by that 18.13 says that these current shares, were they to continue to raise to me in this same fashion in the future, would result in a doubling of our portfolio dividend income in just under 4 years time, if we were to do nothing else.
But, of course, our interest is in accelerating that, and just as soon as this market should go into a decline for a long enough spell, that the technical indicators I rely upon could give me a low-risk market entry signal to deploy our growing cash balance, I intend to step up and accumulate a good many more shares of these safe-dividend growing companies!
We’re just getting that much closer to our first-year portfolio dividend income goal! If you acquired shares back when I was recommending purchase, you just had your pay raised today, too… feels good, doesn’t it?
Here’s to your successful investing!
Harold F Crowell