In the fall of last year Union Pacific Corporation (UNP) raised its dividend by 10%, and it paid that dividend between Christmas and New Year's Day. But just days ago, UNP decided to raise its dividend by another 10%.
During the time UNP has been in my nonPension portfolio, my income from dividends has increased by 39% thanks to the dividend increases and thanks to dividend reinvestment. The growth has been at an 18% annualized rate.
The value of my shares of UNP have increased during the two years I have owned the company in step with the dividend increases.
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