SHORT SUCCESS STORY FROM A DIVIDEND INVESTOR

An active comment writer on Seeking Alpha shared their brief story of success investing in companies with growing dividends.

Actually, having owned CL since 1991, the facts are:

Purchased 200 shares at $69.75

Original cost: $13,950.00

Stock split 2-1 in 1991, 2-1 in 1997, and 2-1 in 1999.

The 200 shares grew to 1600 shares.

Dividends reinvested added an additional 527 shares

Currently holding 2172 shares.

Current price $82.41

Current value $178994.52

Change in value: $165044.54

Cost Basis Per Share: $6.42

Current Dividend: .58 per share per quarter or $2.32 annually

Income from Cl holdings: $5039.04 annually or $419.92 per month.

Peace of Mind: Priceless

Just Sayin

This reminds me of the kind of success the early buyers of Walmart have had – without even counting reinvested dividends, an original investment in 1970 of 100 shares has grown to over 200,000 today, with an income of $292,000.