Rida Morwa's High Dividend Investing (HDI) service at EWT (formerly called High Dividend Opportunities) has had two model portfolio holdings increase their dividends this past month.
After a solid portfolio performance and ongoing asset growth leading to a great financial performance, Saratoga Investment Corp (SAR) increased its quarterly dividends by 18% to $0.52 per share for the quarter ended on August 31.
Tekla Healthcare Investors (HQH) increased its dividends by 4% this past month due to its growing NAV. HQH's distribution policy is to pay out 2% of NAV each quarter, according to Rida, so as NAV grows, income grows, too.
"With the healthcare sector poised to outperform, HQH is a great opportunity to get a growing income," he says. "We are ecstatic about these raises since they represent more disposable income for us."
Rida adds, "Retirement is a time of bliss. Making your savings work for you is a prerequisite for a stress-free retirement. High Dividend Investing's Model Portfolio offers over 80 different positions with a combined yield of +9%. You can easily craft a highly diverse portfolio, which provides a livable yield for your joyful retirement."