Enbridge, one of the companies that I own in my DRiP portfolio, has just annouced that they are raising the dividend by 12%. Quarterly payments are increasing from $0.33 to $0.37, starting with their next payment in March 2009.
Isn't that nice? I'm getting paid more, without having to do anything. Even better, that increased dividend will continue buying even more shares of the company. That's the magic of dividend reinvestment and dividend growth.