Dividend Increase Announcement
On May 10th, Viatris announced their 1st dividend. This will increase their dividend per quarter from $0.00 to $0.11. It is payable on June 26th for shareholders of record on May 24th. The new quarterly dividend represents an annualized dividend amount of $0.44 per share as compared to the current annualized dividend amount of $0.00 per share.
Viatris Dividend Information
Annual Dividend: $0.44
Dividend Yield: 2.93%
Dividend Growth History: 1 year
Dividend Increase Affect On More Dividends
I am currently holding 3.85 shares of Viatris in the More Dividends portfolio. With this announcement it will add an additional $1.69 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Viatris was a surprise when it showed up in my portfolio. I was able to acquire these few shares because of my position in Pfizer (PFE).
I honestly can say that I do not know much about the company but with them starting to pay a dividend, I will definitely be taking a closer look.
If the company looks solid, I would love to build onto the position. If not though, I will just continue to hold these shares since they came to me at no cost!
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 Viatris? 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
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