Prudential Financial, Inc. (PRU) has raised its dividend by 20%. That increase has caused my next dividend payment to be 99 cents more than the last on, and 37% higher than the first one I received two years earlier.
The annualized growth rate of 17% in dividend income from PRU in nonPension portfolio is due in part two dividend increase and in part due to dividend reinvestment during the time I have owned it.
While my dividend payments have gone up over time, the value of my shares has increased also.
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