The Boeing Company (BA) has announced its annual dividend increase. This year the new dividend goes up by 20% to $1.71 per quarter. I have owned BA for almost two years. In that time, the value of my shares has more than doubled.
My next payment in March of next year will be 66% higher than my first payment two years earlier. This is due in part to dividend reinvestment, but most of that increase is due to the dividend increases. The increase announced one year ago was even greater.
If the dividend at Boeing was not rising so rapidly, I would consider selling my shares now. But the nP portfolio's goal is to grow income to $560 per year by December 2035. And BA appears to be doing its part by growing its dividend at a much higher rate than most of the stocks I own.
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