Archer-Daniels-Midland Co. (ADM) has been my nonPension portfolio for over two years, and has provided three dividend increases in that time. The value of my shares is virtually unchanged during my holding period, but the next dividend payment will be 28% higher than my first one December 2015.
The most recent paying increase is a rather modest 5%. The good news is that the growth in dividend payments is 12% on an annualized basis, which is high enough for ADM to do its share of the growth to help the portfolio reach its goal by 2035, assuming growth rates remain the same. However, ADM is on my short list of stocks to consider selling if the market price rises high enough.
No comments:
Post a Comment