It was a great week for growing income without a lot of investing as I received dividend raises from The Southern Company (SO) 3.13%, Johnson & Johnson (JNJ) 5% and Bar Harbor Bankshares (BHB) 9.1%. I also received a bonus from Pfizer who decided to not reduce their dividend payout from the Viatris (VTRS) spin-off. I was not booking the VTRS dividend until PFE announced a cut so this is like getting an additional 3.4% dividend raise from PFE on top of the 2.6% raise from last December.
With all the action this week I still found time trade, here are my buys for the week:
- Algonquin Power & Utilities (AQN) – increased position – My fidelity brokerage account does not allow a DRIP into AQN and have to remember to pick up some additional shares on occasion to compensate. Grabbed 12 shares @ $15.94 and a 3.89% yield.
Simple Dividend Growth 