Image Source: PixabayOn 23 January, Elevance Health (ELV) increased its quarterly dividend by 4.91%, from $1.63 to $1.71 per share.The dividend is payable on 25 March to shareholders of record on 10 March.ELV’s contribution to DivGro’s projected annual dividend income will increase by $22.40 to $478.80.I own 70 shares of ELV at an average cost basis of $418.74 per share. Following this increase, my yield on cost is 1.63%. (ELV’s forward yield is 1.71% at $400.96 per share). Since opening my position in August 2019, the stock has generated a total return of -3%, including $470.40 in dividend income. That’s a disappointing annualized rate of return of only 3.9%.
5-Year History of Dividend Payouts by Ex-Date
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