I first started investing in TFI International in the 4th quarter of 2015 or the first quarter of 2016. At the time of purchase, the company was known as Transforce. The company decided to change its name to TFI International to better reflect its business activities. The company, under its operating companies, delivers across Canada, United States and Mexico. The company is headquartered in Canada.
TFI International trades on both the Toronto Stock Exchange and New York Stock Exchange under the ticker symbol TFII.
TFI International is a North American leader in logistics and transportation. We are diversified across multiple geographies, industry verticals and business segments, including Package and Courier, Less-Than-Truckload, Truckload and Logistics. (Source: TFI International website)
TFI International has over 80 operating companies and over 8400 drivers.
On October 2, 2020, TFI International released its 3rd quarter earnings. TFI International announced they are increasing their quarterly dividend from $0.26 to $0.29 CAD. This represents an increase of 11.54%.
I currently own 50 shares of TFII.TO. This increase adds $6.00 to my annual dividend income.
As of October 24, I am currently up 200.47% on this position and a yield on cost of 5.28%.
Disclosure: Long TFII.TO
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.