Today’s dividend: Duke Energy

Another day, another dividend. This time it was Duke Energy that was nice enough to pass along the payment. The divi, my 29th of the month, ballooned my March total to $36.57 while boosting my 2018 mark to $121.24.

Duke Energy

Duke (DUK) passed along an $0.89 dividend for the one share I own. It was my fifth from the company overall and the third straight for the current quarterly amount. The first two were for $0.86.

I bought my share for an even $76 back in December of 2016, meaning it’s one of the first companies I invested in once deciding to go the dividend-growth route. The share hasn’t done much in terms of appreciation, but the dividend has lived up to its end of the bargain.

Duke, as is usually the case with utilities, has a solid dividend. It’s $3.56 annualized payment comes complete with a well-above-average 4.64% yield. The payout ratio is on the high end (81%), but the company has managed to boost its dividend each of the last five years at an average annual rate of 9.64%. That said, I wouldn’t be surprised to see a boost here in the next couple quarters or so.

This week’s steps

Today’s dividend, coupled with Wednesday’s $5.62Tuesday’s $1.84 and the combined $11.08 from Monday, brought my weekly total to $19.43.

I also made a small purchase Wednesday, picking up a share of CVS.

Last week’s steps

I increased my forward annual income by $2 thanks to Monday’s purchase of CVS. Tuesday featured a dividend from Valero and Wednesday saw a $1.82 dividend from UPS hit my account. I also made a handful of purchases, scooping up shares of MDC, Procter & Gamble and Franklin Resources – which added $4.88 to my steadily growing forward annual dividend income total.

I made another couple purchases Thursday, adding shares of AT&T and Verizon to my Dividend Farm, and received $3.17 worth of dividend income from a combined four companies.

Finally, I earned $1.13 worth of dividends from Exxon and Yum! Brands on Friday. In all, I earned $6.92 of complete-passive income and boosted my forward annual dividend income by $11.24. Not a bad stretch if I do say so myself.

March on!

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