Dividend Increase - PEP
On Tuesday, PepsiCo, Inc. (PEP) declared a quarterly dividend of $0.805 - $3.22 per share per year – a 7% raise versus the previous dividend of $3.01 per year.
This is good news for me, of course, but on a very limited basis. With only ten shares of PEP, my forward dividends from these shares will rise from $30.10 to $32.20, while my total forward dividends will rise from $706.85 to $708.95.
The hardest part of building a fund from zero is the fact that nearly all of the funds will need to originate from my pocket - and the time and labor required to generate them. Over time, increasingly more of the heavy lifting will be done by the dividends themselves.
Right now, I am staying the course, making small purchases each time I can save up $1000, and work on building out the base of the fund.
The rest will come in time.