There were 5 companies reporting increased dividends today. Hewlett-Packard increased their dividend by .04/share which represents a noteworthy 50% increase. After increasing their dividend by .03/share, Lowes Companies now sports a 2.3% dividend yield, paid quarterly.
Monthly Income Update: April 2011
This month’s income numbers for the Daily Dividend Investor portfolio are in. The portfolio generated $398.38 for the month of April which is $101.62 short of the monthly target income number of $500.00/month. The first month of each quarter is traditionally the weakest as fewer companies pay out a dividend this early in the quarter.
After having my Wells Fargo Preferred (ticker: WSF) redeemed back in late April I had planned to sit tight on my new found cash and wait for a market pull back before redeploying any more funds. However, after reviewing my Investment Advisory Rules for the Daily Dividend Account I decided that I should put some cash back to work sooner rather than later.