I almost removed Ryder Systems, Inc. (R) from the nonPension portfolio last year after two relatively unspectacular dividend increases. Then came the surprise dividend increase recently that was in an amount equal to the first two combined. I will continue to hold R for now.
As a result of this increase, other increases, and dividend reinvestment, my next dividend payment will be 33% higher than my first one two years ago. The annualized growth rate in the payments is 15%.
While my payments have gone up, so too has the value of my shares.
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