Category: Blog
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Dow Drops 2,000 Points? Yawn. Why My Dividend Income Strategy Has Me Sleeping Soundly
Over the last five days, the Dow Jones Industrial Average dropped about 2,000 points, approximately a 2.6% decline. This is a significant drop. If you have an investing system or plan, these are the times that will test your resolve. This is why my system is dividend income investing. In dividend income investing, you’re not…
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Illinois Tool Works (ITW) increases dividend by 7.1%, marking 52 years of annual increases
The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.10 per share – or $0.40 per share annually – versus the current dividend rate. The Board also declared a dividend on the company’s common stock of $1.50…
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Chevron (CVX) to leave California for Texas after 140 years
The Wall Street Journal is reporting that Chevron is leaving California for greener pastures in Texas. It seems the anti-business and anti-fossil fuel climate in the Golden State has finally taken its toll on the oil giant. As a result the company will write down $4 billion in assets in California citing the regulatory challenges…
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Clorox (CLX) increases dividend by 1.7%
The Clorox Company (NYSE: CLX) announced today that its board of directors has declared an increase to its quarterly dividend from $1.20 to $1.22 per share on the company’s common stock. The dividend is payable August 30, 2024, to shareholders of record as of the close of business on August 14, 2024. Clorox has a long history of providing value to its…
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Unilever (UL) increases dividend by 3%
From Unilever’s 2024 First Half Results PDF
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1st Source Corp (SRCE) increases dividend by 5.9% over previous payout
At its July 2024 meeting, the Board of Directors approved an increase in the cash dividend of two cents per share, raising the approved dividend for the quarter to $0.36 per common share, up 12.50% from the cash dividend declared a year ago. The cash dividend is payable to shareholders of record on August 5,…