On Friday, February 14th the Board of Directors of NextEra Energy, Inc. (NEE) announced a quarterly dividend increase of from $0.515 to $0.5665 per share that’s payable March 17, 2025 to holders of record February 28, 2025. This represents a 10.0% increase over the last quarterly dividend. This increase is consistent with the plan announced in 2024 of targeting roughly 10% annual growth in dividends per share through at least 2026, off a 2024 base.

At the current price of $69.06 (yesterday's close), this increase will raise NEE's dividend yield to 3.28%.

On Friday, February 14th the Board of Directors of Magna International Inc. (MGA) announced a quarterly dividend increase of from $0.475 to $0.485 per share that’s payable March 14, 2025 to holders of record February 28, 2025. This represents a 2.11% increase over the last quarterly dividend.

At the current price of $38.09 (yesterday's close), this increase will raise MGA's dividend yield to 5.09%.

On Wednesday, February 12th the Board of Directors of Avista Corporation (AVA) announced a quarterly dividend increase of from $0.47 to $0.49 per share that’s payable March 14, 2025 to holders of record February 26, 2025. This represents a 3.16% increase over the last quarterly dividend.

“For twenty-three consecutive years, the board of directors has raised the dividend for our shareholders. I believe it demonstrates the board’s commitment to maximizing shareholder value and Avista’s commitment to shareholder returns,” said Avista President and Chief Executive Officer Heather Rosentrater.

At the current price of $36.77 (Friday's close), this increase will raise AVA's dividend yield to 5.33%.

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.

On Wednesday, February 12th the Board of Directors of Cisco Systems, Inc. (CSCO) announced a quarterly dividend increase of from $0.40 to $0.41 per share that’s payable April 23, 2025 to holders of record April 3, 2025. This represents a 2.50% increase over the last quarterly dividend.

Cisco's board of directors has also approved a $15 billion increase to the authorization of the stock repurchase program. There is no fixed termination date for the repurchase program. The remaining authorized fixed amount for stock repurchases including the additional authorization is approximately $17 billion.

At the current price of $63.84 (yesterday's close), this increase will raise CSCO's dividend yield to 2.57%.

On Tuesday, February 11th the Board of Directors of T. Rowe Price Group, Inc. (TROW) announced a quarterly dividend increase of from $1.24 to $1.27 per share that’s payable March 28, 2025 to holders of record March 14, 2025. This represents a 2.42% increase over the last quarterly dividend. This will mark the 39th consecutive year since the firm's initial public offering that the company will have increased its regular annual dividend.

At the current price of $106.92 (yesterday's close), this increase will raise TROW's dividend yield to 4.75%.

On Tuesday, February 4th the Board of Directors of Prudential Financial, Inc. (PRU) announced a quarterly dividend increase of from $1.30 to $1.35 per share that’s payable March 13, 2025 to holders of record February 18, 2024. TThis represents an increase of 3.85% over the prior year dividend level, the 17th consecutive year the dividend has been increased.

At the current price of $111.64 (yesterday's close), this increase will raise Prudential Financial's dividend yield to 4.84%.