This is the second post today. I forgot to post a dividend hike from Principal Financial Group (PFG) which is an insurance company. On January 31st, Board of Directors authorized $0.45 per share for first quarter 2017, bringing the trailing twelve month dividend to $1.68 per share, an 11 percent increase compared to the prior year trailing twelve month period. The dividend will be payable on Mar. 31, 2017, to shareholders of record as of Mar. 6, 2017. With this hike, YOC of my position in PFG has increased to 3.6% from 3.4%. Since I own 80 shares, this will increase my portfolio’s projected annual net dividend income by $ 6.40. PFG has been rewarding its shareholders by raising its quarterly dividend for 4 quarters in a row. 0.38->0.39->0.41->0.43->0.45. I am happily owning a piece of this company. Just for your information, I would like to give you a brief introduction to PFG.
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. It operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides a portfolio of asset accumulation products and services, including retirement savings and income. It offers products and services for defined contribution pension plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, and employee stock ownership plans; individual retirement accounts and payroll deduction plans; investment-only products; and annuities, mutual funds, and bank products.
Disclosure: Long PFG
1月にあった投資先企業の増配を見逃していました。アイオア州デモインに本社を置くPrincipal Financial Groupという保険会社です。四半期配当を43セントから45セントに増配です。なんと今回で４四半期連続の増配をしてくれました。おかげ様で投下資本あたりの税引き前配当利回りが3.6%になりました。