Tuesday, 2 May the Board of Directors of Baxter International announced a quarterly dividend increase of from $ 0.13 to $ 0.16 per share that’s payable July 3, 2017 to holders of record June 2, 2017. This represents a 23.1% increase to regular quarterly dividends. With current price $ 55.73 (Wednesdays open), this raise brings their dividend yield to 1.15%.
Since I own 60 shares of BAX, this will increase my portfolio's projected annual net dividend income by $ 5.36.
That increase rises my YOC to 1.69%.
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