Dividend Increase Announcement
On September 19th, Store Capital announced a dividend increase of 6.5%. This will increase their dividend from $0.39 to $0.41. It is payable on October 17th for shareholders of record on September 30th. The new monthly dividend represents an annualized dividend amount of $0.84 per share as compared to the current annualized dividend amount of $0.76 per share.
Store Capial Dividend Information
Annual Dividend: $0.84
Dividend Growth History: 7 years
Dividend Yield: 5.14%
Dividend Increase Effect
I am currently holding 70.784 shares of Store Capital stock in the More Dividends portfolio. With this 6.5% increase it will add an additional $7.08 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
To Learn More About REIT Investing Check Out This Book Called Educated REIT Investing.
Current Stock Position
Store Capital has been in my portfolio for several years now. I originally built a moderate position and held it. Then earlier this year, I began building onto the position. Once it reached its current position we all got the news that the company is going to go Private.
I personally have never had to deal with a company going Private so this will be a new experience for me and I am looking forward to it.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in Store Capital? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
Recent Dividend Increases in Portfolio
Altria Group Increases Their Dividend by 4.4% in 2022
Verizon Increases Their Dividend by 2% in 2022
Realty Income Increases Their Dividend by 0.2% in 2022 ONCE AGAIN!!!
Be sure and follow me on your favorite social media platform:
Tik Tok Hiking.In.Georgia
If you would like to receive an email whenever I publish a new article: