Dividend Increase Announcement
On January 6th, Viatris announced a dividend increase of 9%. This will increase their dividend per quarter from $0.11 to $0.12. It is payable on March 16th for shareholders of record on February 24th. The new quarterly dividend represents an annualized dividend amount of $0.48 per share as compared to the current annualized dividend amount of $0.44 per share.
Viatris Dividend Information
Annual Dividend: $0.48
Dividend Yield: 3.31%
Dividend Growth History: 2 years
Dividend Increase Effect
I am currently holding 80.716 shares of Viatris in the More Dividends portfolio. With this 9% increase it will add an additional $3.23 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Current Stock Position
I first received stock in Viatris after the company was spun off of Pfizer, a company that I have been holding the Pfizer position for many years now. Initially, I was unsure of what to do with the stock.
I knew that the company was more a less an aggregate of Pfizer’s pharmaceutical business that the no longer held the patents for.
Despite being hesitant to start with, I ended up starting to like the company. I didn’t feel like the market was valuing it correctly and that it may take a few quarters before that began to happen so I decided to build onto a position that started as just a couple of shares that were received during a company spin off.
Obviously, it will still take some time but thus far my investment thesis seems to be proving true with this recent dividend increase. I will continue to hold this position and allow the dividends to drip. Currently, each dividend payment will buy me another 3/4’s of a share. Sooner rather than later, the dividend amount will buy me a whole share each time until then I will just sit back and let the compounding continue.
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
Recent Dividend Increases in Portfolio
WestRock Increases Their Dividend by 4.2% in 2021
Realty Income Increases Their Dividend by 5.1% in 2021
Pfizer Increases Their Dividend by 2.6% in 2021
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