Recent Dividend Increase

    As I go about my daily life, I am amazed at people who through money away.  I have worked with so many people, who can not wait to get their paycheck.  They have plans before they even get the money.  These types of people are broke within a couple days of receiving their pay check.  These type of people complain about power bills saying the power company is robbing us blind.  I often hear things like "Those greedy bastards make millions of dollars in profits this quarter".   I usually say things like, "Instead of complaining about their profits, "Why don't you invest in the power company to get a piece of their profits?"
 
   I like many others, like to make money while I sleep.  I own shares in a utility company called Emera Inc., whose ticker symbol is EMA.  Emera trades on the Toronto Stock Exchange.  Every time someone in Nova Scotia flicks on a light switch, Emera makes money. Emera has operations in other provinces,  the United States, and some other countries.

Conclusion:

      The board of directors of EMA recently announced a dividend increase of $0.17 annually.
The dividend is increasing from $2.09 per share per year to $2.26 per year.  This represents an increase of 8.13%.   This increase is well above an increase in inflation.

       I own 100 shares of EMA and therefore my annual dividend income will increase by $17.00.  This is equivalent of my investing $485.71 of my own money.

       I have owned EMA for a few years now and have been rewarded with multiple dividend increases over years.

Disclosure:  Long EMA

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.