Image Source: PixabayThe Travelers Companies, Inc. (TRV) recently increased its quarterly dividend by 5.00%, from $1.00 to $1.05 per share.The dividend will be paid on June 28 to shareholders of record on June 10. The ex-dividend date is June 7.TRV’s contribution to my projected annual dividend income will increase by $20.00 to $420.00.I own 100 shares of The Travelers Companies, Inc. at an average cost basis of $115.88 per share. Following this increase, my yield on cost is 3.62%. (The stock’s forward yield is 1.98% at $212.41 per share.)Since I opened my position in TRV in May 2013, it has produced annualized total returns of 14.9%, including $2,353.80 in dividend income. The Travelers Companies, Inc. became my portfolio’s 49th Home Run stock in January 2024, when the stock doubled my original capital outlay.5-Year History of Dividend Payouts by Ex-Date
✝projected, assuming no further changesMore By This Author:Realty Income Dividend Increase
Qualcomm Dividend Increase
General Dynamics Corporation Dividend Increase
