Recent Dividend Increases

As investors, we love to have raises without doing any extra work on our part.  Once we put our money to work by starting a position in a company, we can sit back with our feet up as the economy keeps rolling along. The companies we own are busy operating and growing year to year.  With profits growing year to year, the company awards its shareholders with increasing dividend payments.

During the first half of February 2019, I received 4 dividend increases.

On February 7, Bell Canada Enterprises (BCE.TO) raised their quarterly dividend from  $0.755 to $0.7925 per share.  I own 100 shares of BCE.TO so this increases my annual dividend income by $15.00.

On February 8, Brookfield Renewables Partners LP (BEP.UN) raised their quarterly distribution from $0.49 USD to $0.515 USD.  This represents an increase of 5.10%.  I own 33 units of BEP.UN, so this increase adds $3.30 USD to my annual dividend income. I own this position inside my TFSA and the canadian equivalent gets deposited to my account.  As of the time of this writing, the exchange rate is $1 USD = $1.32455 CDN.  Therefore at the time of this writing, the Canadian equivalent is $4.37 increase to my annual dividend  income. 

On February 12, Killiam Properties REIT (KMP.UN) raised its monthly distrubition from $0.053333 to $0.055.  This represents an increase of 3.125%.  I own 302 units of KMP.UN, so this increases my annual dividend income by $6.04.

On February 13, A&W Royalties Income Fund (AW.UN) raised its monthly distribution from $0.143 to $0.147.  This represents an increase of 2.80%.   I own 38 shares of AW.UN, so this increases my annual dividend income by $1.82.

Summary:

As of the time of this writing, my annual dividend income was increased by $27.23.  This is equivalent of investing $778.00 of my own money at 3.5% yield. 

What dividend increases have you received this month? 

Disclosure:  Long BEP.UN, AW.UN, KMP.UN, and BCE.TO

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.