A dividend increase by Bayer AG.
Last week Bayer announced a 3.7% increase in its dividend. This is the 15th consecutive year of dividend increases. The dividend is raised from €2.70 to €2.80. The dividend pay date is May 30, 2018 to shareholders of record on May 28, 2018 (ex dividend May 28, 2018).
The new dividend amount represents an annualized dividend amount of €2.80 per share, up from €2.70. The dividend yield on current price is 2.47 %.
My Vrijheid Fonds consist of 12 shares of Bayer. I have bought Bayer AG this year, so my dividend income will not increase because this year I will receive my first dividend payment of Bayer.
My projected annual total amount from my shares of Bayer will be €23.50 after taxes.
I love dividend increases! It is the 13th dividend increase in 2018 for my Vrijheid Fonds.