2 ASX 200 shares that keep growing their dividends

There’s a group of S&P/ASX 200 Index (ASX: XJO) shares that keep increasing their dividends.

One of the two businesses in this article announced another increase today:

Magellan Financial Group Ltd (ASX: MFG)

Magellan is one of the biggest funds management businesses in Australia, with Hamish Douglass at the helm of the investing team.

Whilst the performance fees and performance special dividends can be variable, the ordinary dividend of Magellan continues to climb.

In the result for the first half of FY21, Magellan decided to increase the interim dividend by 5% to 97.1 cents per share.

That dividend was declared with the release of its report. The ASX 200 dividend share showed that average funds under management (FUM) went up 9%…