Dividend Raise: SNC-Lavalin (SNC)
On March 3rd, SNC-Lavalin (SNC) raised their quarterly dividend 4.00% from $0.25 to $0.26.
Considering the Dividend Beginner portfolio consists of 25 shares of SNC, my annual income from SNC has increased by $1.00, from $25.00 to $26.00 ($2.083 to $2.17 per month). My 12-month forward dividend income has risen from $1,429.90 to $1,430.90, an increase of 0.07%. My average monthly dividend income is now $119.24.
While a $1.00 increase in annual dividend income is laughable, think about how it would require an investment of $25.00, yielding 4.00% to generate $1.00 in dividend income. That’s an hour’s pay on a $52, 000 salary. You just got an hour of your life back.
|Before raise||Net Increase||After raise|
|Annual Dividend Income||$1,429.90||$1.00||$1,430.90|
|Monthly Dividend Income||$119.16||$0.08||$119.24|