In the long run, I would like to grow my income in this portfolio by about 12% per year in order to reach my $560 goal for monthly average dividend income. GLW announced a 2016 dividend increase of almost 13%, so together with the reinvested dividends, GLW is currently on track to do its share of the growth in this portfolio. Of course, a double-digit dividend increase every year between now and 2035 is not guaranteed.
But the near future looks promising, as earnings are expected to grow over the next three years.
My average monthly dividend in February of last year when I purchased GLW was $1.08. Currently my monthly average dividend income from GLW is $1.24. That is an increase of more than 1% per month.
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