The board of directors for Procter & Gamble Co. voted to increase the company's dividend to shareholders by 9 percent.
That takes the dividend to 52.5 cents from 48.8 cents on common shares, series A and Series B ESOP Convertible Class A preferred stock. The dividend is payable May 16 to shareholders of record as of April 29.
Living off dividends...well, not quite...haven't had to use that cash flow just yet...I re-invest the dividends I receive from stocks and "preferreds" into more dividend stocks >
Mostly, I'm into REIT preferreds (who's companies are also paying a common dividend...i.e. the preferred divys are safe...and not subject to 'dilutions', like the common shares) >
Currently, the RAS-PB (RASPRB) & RAS-PC (RASPRC) look very good...paying 9.35% & 9.56% respectively. They'll go "x dividend" near the end of May...about 5.5 weeks, and generally have a good stock price run-up going into the dividend date...I'd say they have about 5-6% more to 'appreciate' to their recent, pre-divy, highs...i.e. you can either play them for the appreciation and sell them just before they go "x" (book the appreciation)...or, just "buy and hold" for the good, yearly yields (but you have to be willing to ignore the usual slump in price, after they go 'x"...but they always pop back up as the next dividend approaches...so, no big deal).
Actually, I don't care what the stock price does, or with the other stocks in my portfolio. They are all great companies which raise their dividend each year. Any big dip is just an opportunity to buy more and if a stock price of one does rise a lot, just an opportunity to swap shares for one of the other stocks which is undervalued. But, really just content to hold as long as nothing radically wrong happens with a company, as unrealized cap gains save in taxes.