Finally … back to earning some dividends

It’s absolutely ridiculous how quickly I start missing dividend payments.

I came up empty on the first three days of this week and you’d think I hadn’t earned a dividend for six months. I don’t know why I’ve become so addicted – the payments are super frequent (I average more than one a day), but super small. You’d think I’d be almost immune to them, but, well, it’s just the opposite.

I just can’t get enough.

I made a couple purchases on Tuesday and Wednesday, buying shares of Colgate (CL) and Tanger (SKT), respectively, to hold me over, but nothing gets me my fix like dividends.

Thankfully, the dry spell has ended at just three days as two more dividends, the 39th and 40th of the month, found their way into my account Thursday.

Gilead Sciences

Gilead Sciences (GILD) passed along a $0.52 dividend payment for the one share I own. The payment was my third from the company.

I’m a big fan of the dividend, which has a yield of about 2.48%. Gilead Sciences, with a profit margin of more than 43%, has tons of cash flowing in. It’s only fair it sends some of it back to shareholders, right? Its most recent bump was three quarters ago, when it raised its quarterly payout from $0.47 to $0.52. That’s a 10.6% boost. With a payout ratio of just 22.58%, I wouldn’t be surprised if the company announced a decent raise in the near future.

T. Rowe Price

T. Rowe Price (TROW) paid me a $0.57 dividend for a share I bought for $71.44 back in February (2017) – a share that’s surged more than 26% since I added it to my Dividend Farm. Like Gilead Sciences, Thursday’s payment was my third from the company.

T. Rowe Price, which has been growing its dividend for 30 straight years, boasts a yield of 2.59% and a payout ratio of 39.18%.

Like I said before, nothing beats a good dividend. Nothing, except maybe a growing dividend. TROW and GILD, with already steady yields and pretty low payout ratios, should be able to continue doing just that for a long time to come.

March on!

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