Total: $74.78
Taxable Account
Total: $2.04
Grand total: $76.82
Purchases: 3 shares of (MA) ($1,108.50), 1 share of (INTU) ($552.17), & 1 share of (NVDA) ($268.99)
So recently on February 2nd, I've received a massive annual dividend raise of 50% from my Truck driving stock (ODFL). This showcases my unique low dividend yield/total return style supported by strong double-digit dividend raises. With a ~ 11% dividend payout ratio Old Dominion Freight line could give out a 30% annual dividend raise over and over and over again. Double-digit quarterly earnings growth back to back throughout 2021, the board of directors was more than impressed with the performance of management so they approved the 50% dividend raise. Aggressive yearly net cash flow growth combined with a low dividend payout ratio gives the business the ability to give out massive annual dividend raises. In the future I see ODFL giving out a 25% dividend raise in January 2023. I'll continue to do more screenshots of other dividend increases from Seeking Alpha throughout the year on my Facebook page. I'll talk more about the dividend raises that ill receive in February in next month's update. Since this is just the first month of the new year, this one will be a very short update. I've just been funding the Taxable account and dollar-cost averaging into my high conviction plays throughout this market dip. So that pretty much wraps it up for this one and ill see you guys in the next update.