Store Capital Increases Their Dividend by 6.5% in 2022
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!
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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!!!
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