One of the best investments in the nP portfolio so far is AbbVie Inc. (ABBV), which has has experienced an increase of over 100% in per-share value during the time I have held it. Also during that time, there has been a significant increase in the dividend.
After announcing a significant dividend increase last fall, ABBV has now announced an even more significant increase this past week, a huge 35% increase. That increase as well as other increases and dividend reinvestment have resulted in my next payment in May being more than $4 more than my first payment in February 2016.
The 82% increase in 9 quarters translates to an annualized increase of 31% during that time period.
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