Today’s dividends: Quest, Comcast and Cisco

Slow, but steady … the dividends keep coming. Today’s were courtesy of Quest Diagnostics, Comcast and Cisco. I’ll dive a bit deeper into the trio in a second. First, though, a look at the week so far.

Since stepping my investing and blogging game up with my better-late-than-never resolution to add to my portfolio through dividends or purchases every day the market is open, then pen a post about it, I’m happy to say things have been going my way.

I’m 3-for-3, baby!

Monday featured a $0.46 dividend from Medtronic. Small dividends might not seem like much, but they are the foundation for my Dividend Farm. Despite their size, the consistency helps me grow my portfolio with regular purchases … like Tuesday’s. That’s when I picked up a share of Whirlpool for $172.30. The small dividend from Medtronic obviously wasn’t enough to buy the entire share, but it most certainly played a part in the purchase. All the dividends I earn go into my portfolio as cash and, well, I pretty much use them as quick as they come in.

Today’s dividends were for a combined $5.25. Coupled with the rest of the week’s activity, I’ve earned $5.71 in dividend income, added more than $170 of equity (last I checked Whirlpool was trading at around $180, which is an almost 4% boost in just one day of ownership) and increased my forward dividend income by $4.40 (Whirlpool’s annualized dividend).

See … small steps really can add up. Imagine where I’ll be if I can keep this up for the rest of the year. Compound interest is a beautiful thing!

Anyway, as promised, here’s a look at today’s dividends …

Cisco

Cisco (CSCO) is one of the bigger positions in my Dividend Farm. I own 16 shares and the company, which designs, manufactures and sells internet protocol based networking products and services, was nice enough to hook me up with a $4.64 dividend payment because of it.

Cisco has a $1.16 annualized dividend, a yield of 2.76% and payout ratio of 60.10% … all respectable numbers. The problem, though, is you have to pay a premium to get a piece of them. Shares are up 44% over the last year and are currently scraping against 52-week highs.

Quest Diagnostics

Quest Diagnostics (DGX) passed along a $0.45 dividend for the one share I own. It was my fourth from the company, which, as you’d imagine, provides diagnostic testing, info and services to help patients and physicians alike. I picked up my share for $95.92 about a year ago and it’s up about 8.4% since.

The $1.80 annualized dividend looks solid. The yield’s sitting at a lowish 1.75%, but the company has been boosting its dividend for six straight years, most recently by 13.9% in 2017. With a payout ratio of just 37.74%, I don’t see that growth slowing down anytime soon.

Comcast

Comcast (CMCSA), the media entertainment and communications company you know and love (or love to hate), dished out a $0.16 divi for the one share I own. It was my third from the company, which I’ve owned a piece of since last April. All three have been for $0.16. Time for a boost? I certainly hope so. Comcast has, after all, been growing its dividend for seven straight years.

March on!

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