Today’s dividends: Texas Instruments and Air Products & Chemicals

Today wasn’t so bad, was it? My portfolio finished in the green and volatility was kept to a minimum. Considering the significant swings the market took us on over the course of the last week or so, I’ll certainly take it. Couple the positive finish (up 1.60%) with dividends from Texas Instruments and Air Products & Chemicals and you have what I’d consider a good day.

The payments bumped me up to $24.88 in dividend income for the month and over $60, $60.62 to be exact, for the year. Last year, I didn’t get to $60 until late April.

Here’s a closer look at today’s dividends:

Texas Instruments

Texas Instruments (TXN) tossed a $0.62 dividend my way for the one share I own. The semiconductor company has been one of the best stocks in my portfolio pretty much since the day I bought it. I paid $70.50 a little more than a year ago and, well, it’s worth more than $100 as of this post. That’s more than a 45% gain.

The appreciation has been awesome, but it’s not the only reason I’ve enjoyed holding the stock. The dividend is great as well. My share earned me $0.50 payments for the first handful of quarters, but that number ballooned to the current $0.62 amount a quarter or so ago.

The yield is average compared to most of the stocks in my portfolio (2.47%), but Texas Instruments has been doing its best to get the number higher. The company has boosted its dividend for 14 straight years, most recently at an average rate of 24.99% – yeah, 24.99% – over the last five years.

Now that’s a raise.

Air Products & Chemicals

Air Products & Chemicals passed along a $0.95 dividend for the one share I own. It’s been in a bit of a tailspin here for the last month or so, down 6.85%, but it’s another example of a stock any dividend-growth investor should take a long, hard look at.

Air Products & Chemicals currently has a 2.78% dividend yield, super-low 29% payout ratio and great track record in terms of raising its payment. The company has boosted its payment for 35 straight years, which includes a decent 8.24% average over the course of the last five years. Those are some of the best numbers I’ve come across … and I’ve looked at a lot of stocks.

Today’s steps

Today’s dividends – a combined $1.57 – have me well on my way toward catching up to last week’s total of $3.57.

For those of you who are interested, here are last week’s steps:

March on!

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