W. W. Grainger’s 45th Consecutive Dividend Increase

W. W. Grainger

On April 27th, W.W. Grainger (GWW) increased their quarterly dividend by 4.27% from $1.17 to $1.22 per share.

Considering the Dividend Beginner portfolio consists of 5 shares of GWW, my annual income from GWW has increased by $1.00, from $23.40 to $24.40 ($1.95 to $2.03 per month). My 12-month forward dividend income has risen from $1,805.72 to $1,806.72, an increase of 0.06%. My average monthly dividend income is now  $150.56.

My income from GWW as a percentage of my total dividend income has risen from 1.30% to 1.35%.

While a $1.00 increase in annual dividend income is laughable, think about how it would require an investment of $25.00, yielding 4.00% to generate $1.00 in dividend income. That’s an hour’s pay on a $52, 000 salary. You just got an hour of your life back.

Before raise Net Increase After raise
Annual Dividend Income $1,805.72 $1.00 $1,806.72
Monthly Dividend Income $150.48 $0.08 $150.56
Percentage Increase 0.06%

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