Recent Dividend Increases

Over the past couple of years, the world has been in turmoil due to the COVID19 pandemic.  Currently, we are nowhere even close to ending the pandemic.  Just when we think we are winning the war against COVID19, a new variant of the virus causes cases to spread across the world.

On March 13, 2020, the Office of the Superintendent of Financial Institutions  basically said that "dividend increases and share buybacks of federal regulated financial institutions should be halted".  The big 5 banks definitely fall into this category.

Prior to this announcement, 4 of the 5 big five banks were raising their dividends semi- annually and the other bank was raising their dividend once a year.  

On November 4, 2021, the Office of the Superintendent of Financial Institutions gave the green light for federal regulation financial institutions to raise their dividends and participate in buybacks. 

Raise #1

On December 1, Royal Bank of Canada (RY.TO) increased their quarterly dividend from $1.08  to $1.20 per share quarterly, or from $4.32 to $4.80 per share annually.  This is an increase of 11.11%.

I currently own 56 shares of RY.TO.  This increase adds $26.88 to my annual dividend income. 

Raise #2

On December 2, Toronto-Dominion Bank (TD.TO) increased their quarterly dividend from $ 0.79 to $0.89 per share quarterly, or from $3.16 to $3.56 per share annually.  This is an increase of 12.66%.  

I currently own 62 shares of TD.TO.  This increase adds $24.80 to my annual dividend income.  

Raise #3

On December 2, Canadian Imperial of Bank of Commerce (CM.TO) increased their quarterly dividend from $1.46 to $1.61 quarterly, or from $5.84 to $6.44 per share annually.  This is an increase of 10.28%.

I currently own 110 shares of C.I.B.C. This increase adds $66.00 to my annual dividend income. 

Raise #4

On December 3, Bank of Montreal (BMO.TO) increased their quarterly dividend from $1.06 to $ 1.33 per share quarterly, or from $4.24 to $5.32 per share annually. This is an increase of 25.5%. 

I currently own 85 shares of Bank of Montreal.  This increase adds $91.80 to my annual dividend income. 

Raise #5

On December 7,  Enbridge (ENB.TO) increased their quarterly dividend from $0.835 to $0.86 per share quarterly, or from $3.34 to $3.44 per share annually.  This an increase or 2.99%.

I currently own a total of 359.278 shares of Enbridge.  This increase adds $35.93 to my annual dividend income.

Raise #6

On December 8, Mullen Group Ltd. (MTL.TO) increased their monthly dividend from $0.04 to $0.05 per share monthly, or from $0.48 to $0.60 per share annually.  This is an increase of 25.0%.

I currently own 100 shares of Mullen Group.  This increase adds $12.00 to my annual dividend income. 

Summary:

In 8 days, I received a total of 6 dividend increases.  All the dividend amounts above are in Canadian dollars.  

My forward 12 month dividend income increased by a total of $257.41 in Canadian dollars.

Disclosure:  Long all aforementioned stocks 

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.

Recent Dividend Increase

 A&W Royalties Income Fund announced their earnings on October 20, 2021.  The fund indicated that same store sales increase 17% in the recent quarter.  As COVID19 restrictions are being relaxed to a degree, means the A&W restaurants can serve more customers.

The restaurants can serve customers for take out, in-person dining and via the drive thru.  Not everyone owns a vehicle, so restaurants lost a lot of revenue when in-person dining was not allowed as part of COVID19 restrictions.

 The amount of open restaurants in the royalty pool increased by 23 over 2020.

A&W Royalties Income Fund increased their distribution from $0.15 per unit per month to $0.155 per unit per month.  This is an increase of 3.3%.

 I currently own 38 units of AW-UN.TO.  Therefore, this increase adds $2.28 CDN to my annual dividend income. 

Summary:

This distribution increase is the 3rd distribution increase in 2021.  The monthly distribution went from $0.10 per unit, too $0.135 per unit, to $0.15 per unit to $0.155 per unit.  From the start of the 2021, the distribution increased 55%.  A reason for the big increase was due to the distribution was suspended around March 2020 due to the rise of COVID19.   

With the most recent distribution increase,  the distribution is near what it was pre-pandemic.  

Note:  The distribution payments are considered non-eligible dividends for this fund, which means that the distributions are not eligible for the dividend tax credit.  Therefore, I own the units inside my TFSA. 

Disclosure:  Long AW-UN.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

Recent Dividend Increase

On October 8,  Boston Pizza Royalties Income Fund declared their September distribution.  The ticker symbol of Boston Pizza Royalties Fund is BPF.UN.  In this annoucement, the fund is raising the distribution from $0.065 per unit to $0.085 per unit monthly. This is an increase of 30.8%. 

During the start of the COVID19 pandemic, Boston Pizza suspended their distribution as most of their restaurants were forced to close for in-person dining.  Later as more COVID19 restrictions became less severe, the restaurants could be opened at reduced capacity.  The distribution was re-started at $0.065 per unit per month, which was down from the $0.102 per unit per month prior to the distribution suspension.

Boston Pizza Restaurants are separated into a lounge/sports bar and a normal sit down restaurant.  The restaurants pay a royalty of 7% of gross sales to Boston Pizza, with 5.5% going directly to the fund and 1.5% going to Boston Pizza International directly. The restaurants do not pay royalties on liquor sales.

I owned 257 units of Boston Pizza Royalties Fund inside my TFSA.  This increase adds $61.68 to my annual dividend income.  

The September distribution will be paid on October 29, 2021 to unitholders of record at the end of day on October 21.

Disclosure:  Long BPF.UN

Note:  For non-registered accounts, the tax treatment of the distributions involve tax-deferred portion return of capital and a taxable portion that is treated as an eligible dividend from a Canadian corporation.   

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.

Recent Dividend Increases

As an investor in dividend paying stocks, I look forward to getting paid on regular scheduled  basis.  

You know what is even better?   I like when the company that I own raises their dividend or distribution payout, just like any other investor.  

One of the stocks I mention below have slashed their dividend over the years and it remained at a low amount for a few years.

 

Dividend Increase #1

On August 5,  Killam Properties REIT (Ticker symbol  KMP.UN.TO) announced increased their annual distribution from $0.68 CAD to $0.70 CAD.  This is an increase of 2.94%.  The distribution is paid monthly to investors.

I currently own 302 units of Killam Properties REIT.  Therefore, this increase adds $6.04 to my annual dividend income. 

This distribution increase will start with the September 2021 distribution to paid out in middle of October 2021.  

Dividend Increase #2

On August 5,  Enerplus Corporation increased their quarterly dividend from $0.033 to $0.038, or from $0.132 to $0.152 annually.  The dividend is paid in Canadian dollars.  This is an increase of 15.15%.

I currently own 753 shares of Enerplus Corporation (ERF.TO).  Therefore, this increase adds $15.06 to my annual dividend income. 

The increase will start with the next dividend payment in mid-September 2021.

Enerplus paid a monthly dividend up to May 2021.  This dividend is then switched to quarterly starting with the June payment date.  

This 15.15% dividend increase  follows a 10% increase announced in May 2021.  These two increases came after several years of dividends  cuts followed by about 5 years of the same monthly dividend. 

This is one investment that I regret as I am still down a lot.  Some of the dividend reduction was the result a structure change.  Enerplus Corporation was previously an income trust in Canada.  With an income trust, a business would paid a high dividend to investors to avoid paying taxes.  The taxes would be paid by the individual investors.

After 2011, Enerplus switched to a corporation as the federal government started to take income trusts differently.  Majority of income trusts converted to corporations for the same reason.  This was what the government wanted to happen.   

Dividend Increase #3

On August 11, Intertape Polymer Group increased their quarterly dividend from $0.1575 to $0.17 USD, or $0.63 to $0.68 USD annually.  This is an increase of 7.94%.

I currently own 120 shares of Intertape Polymer Group  (Ticker Symbol  ITP.TO).  This increase adds $6.00 USD to my annual dividend income.  This is equivalent to $7.57 in Canadian dollars at the time of this writing.

Summary:

These increases show that being patient  and owning investments for the long term will result is being rewarded.  As the profits of these companies grow, the companies will reward their investors with increasing dividend and distribution cash payments.

These 3 increases have increased my annual dividend income by $28.67 CAD, at the time of this writing.  This is equivalent of investing $819.14 of my own money at a 3.5% yield.

Disclosure:  Long  ITP.TO, KMP.UN.TO, ERF.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.

 

Recent Dividend Increase

On February 17, A&W Royalties Income Fund released their 4th quarter results.  December 31, 2020 is the end of the 4th quarter.

A&W Restaurants have had a tough go of it in 2020 due to lockdowns in various places where their restaurants are located.  The drive thru remained opened, but the restaurants was closed to in-person dining at various times.

A&W Royalties Fund announced an increase to their monthly distribution.  The monthly distribution was increased from $0.10 to $0.135, which is an increase of 35%.   During 2020, the distribution was suspended due to the first wave of COVID19.  Eventually, the distribution was lower then previous distribution when it was restarted.  

The new distribution rate will start for unitholders of record March 15, to be paid on March 31.

I own 38 shares of AW.UN at this time.   This increase adds $15.96 to my annual dividend income.

Disclosure:  Long AW.UN

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.

Recent Dividend Increases

Over the last week or so, I received 4 different dividend increases from 3 different companies.

Raise # 1

Bell Canada Enterprise (BCE.TO) announced earnings on February 4.  BCE announced an increase to their dividend from $0.8325 per share to $0.875 per share quarterly, or from $3.33 to $3.50 per share annually.  This is an increase of 5.11%.

I own 100 shares of BCE.TO.  This increase adds $17.00 to my annual dividend income.

Raise #2 and Raise #3

Brookfield Renewable Partners announced earnings on February 4. The distribution / dividend was increased from $1.157 USD to $1.215 USD per share annually, or from $0.28925 USD to $0.30375 USD quarterly. This represents an increase of 5.01%.

This new dividend amount is the same for both the BEP.UN units and BEPC shares.  I kept all my units and shares of these 2 companies.

I own 79 units of BEP.UN and 12 shares of BEPC.  This increase adds $5.28 USD to my annual dividend income.  This is equivalent to $6.70 in Canadian dollars at the time of this writing. 

Raise #4

Restaurant Brands International (QSR.TO) released their earnings on February 11.  Restaurant Brands International is the parent company of Tim Horton's, Burger King and Popeye's Louisiana Kitchen.  These 3 businesses have been hit hard by the COVID19 pandemic.  People working from home and other government restrictions affects the traffic who visit their place of business.

On February 11, Restaurant Brands International increased their quarterly dividend from $0.52 USD to $0.53USD, or from $2.08 USD to $2.12 USD annually.  This is an increase of 1.923% .

I own 100 shares of QSR.TO.  This increase adds $4.00 USD to my annual dividend income.  This is equivalent to $5.08 in Canadian dollars at the time of this writing.  

Disclosure:  Long QSR.TO, BEP.UN, BEPC, BCE

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.

Recent Dividend Increase

As an investor in the stock market, I like it when my positions do well.  I like investing even more when the stocks I own reward me as a shareholder with dividend increases.   I and my fellow shareholders receive a dividend increase when the specific company does well.

As we continue to battle COVID19 pandemic across the world and new variants being discovered, it is great to see some great positive news.

On January 26, 2021, Canadian National Railway “CN Rail” release its earnings. CN Rail trades on both the Toronto Stock Exchange and New York Stock Exchange under the ticker symbols CNR and CNI, respectively.

In the earnings release, CN Rail announced a dividend increase from $0.575 CAD per share quarterly to $0.615 CAD per share quarterly.  That is a 6.96% increase! 

I own 38 shares of CNR in my TFSA.  This increase adds $6.08 CAD to my annual dividend income.  

CN Rail also announced a new normal course issuer bid for share repurchase, which you can read about here.

Disclosure:   Long CNR

 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.

Recent Dividend Increases

As an investor, one of the things I look forward is to receive raises for doing no work on my part.  I am talking about dividend increases announced by companies where I currently am a shareholder.

 Dividend Raise #1

 On November 6, Telus Corporation increased their quarterly dividend from $0.29125  per share to $0.3112 per share, or $1.165 per share to $ $1.2448 per share annually.  These numbers are in canadian dollars as my shares are purchased on the Toronto Stock Exchange.  This is an increase of 6.85%.  

I currently own 48 shares of Telus Corporation (Ticker Symbol  T.TO).  Therefore, this increase adds $3.83 CAD to my annual dividend income.

 Dividend Raise # 2

 On November 12,  Intertape Polymer Group increased their quarterly dividend from $0.1475 per share to $0.1575 per share, or from  $$0.59 to $0.63 annually.  These dividend numbers for Intertape Polymer Group (Ticker Symbol :  ITP) are in US dollars as their dividend is paid in US Dollars.  This represents an increase of 6.78%.

 I currently own 120 shares of Intertape Polymer Group.  Therefore, this increase adds $4.80 USD to my annual dividend income.  The shares are traded on the Toronto Stock Exchange.  The dividend is converted to Canadian dollars in my brokerage account.  As of the time of this writing,  the equivalent canadian dollar amount would be $6.31 CAD.

 Summary:

These increases add approximately $10.14 CAD  to my annual dividend income.  This is equivalent to investing  $289.14 of my own money under the assumption of a 3.5% yield. 

Disclosure:  Long ITP, T

 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.

Recent Dividend Increase

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 

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.

Recent Dividend Increase

Investing in a dividend growth stock has a few great rewards.  Of course, the most important is the increase in the dividend means more money in your pocket.   When a dividend increase is announced, it signals to investors that a company awarded investors for a good few quarters and believe the next few quarters will be great for the company.

On February 21, Royal Bank of Canada reported their earnings.  Royal Bank of Canada trades on both the New York Stock Exchange and Toronto Stock Exchange under the ticker symbol RY.

With this earnings report, Royal Bank announced an increase in their quarterly dividend from $1.05 to $1.08 per share, or from $4.20 to $4.32 per share annually.  This represents an increase of 2.86%.  This increase might seem small, but Royal Bank has been announcing dividend increases semi-annually for the past several years.

I own 56 shares of RY.TO inside my TFSA.  This dividend raise increased my $6.72 to my annual dividend income.

During the last quarter, Bank of Nova Scotia (BNS) announced they will be going to annual dividend raises starting with Q2 earnings release in 2020.  TD Bank (TD_has been doing annual dividend raises for the past several years.  I believe the other 3 big 5 banks might change to annual dividend raises in the next couple of years.

Disclosure: Long RY, BNS, TD

Photo Credit : royalbank.com

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.

Recent Dividend Increases

Over the last couple of weeks a few stocks I owned have reported earnings.  These stocks are Canadian companies but trade on both the Toronto Stock Exchange and the New York Stock Exchange.  These stocks are in 2 complete different industries.

First off, Canadian National Railway, aka CN Rail, reports earnings on January 28.  CN Rail trades on both Toronto Stock Exchange and New York Stock Exchange under ticker symbols CNR and CNI, respectively.

Q4 2019 vs Q4 2018

•  Revenues of 3.584 billion CAD, which is a decrease of 6%
•  Adjusted diluted EPS of $1.25 CAD, which is a decrease of 16%
• Operating ratio of 66.0%, which is an increase of 4.1 points
• Adjusted operating ration of 65.2%, which is an increase of 4.0 points
• Operating income of $1.218 billion CAD, which is a decrease of 16%.

During Q4 2019, CN had an 8 day labour strike.  The lead to masses loss of revenue as the trains were only operating at a 10% capacity.  

The economy is starting to slow, which affects the transportation industry.  

CN Rail network involves serving 3 coasts.  Due to winter in Canada, the trains must be shorter in length due to the effect the cold has on air brake lines.  This leads to a higher operating ratio compared to the average for the year.

CN announced a dividend increase of 6.97%.  The quarterly per share dividend was increased to $0.575 CAD from $0.5375 CAD, or $2.15 CAD per share annually  to $2.30 CAD per share annually.  I currently own 38 shares of CNR.TO.  Therefore, this increase adds $5.70 CAD.

This dividend increase represents the 24th consecutive year that the dividend was raised.  CN Rail became a public company in 1995. 

Second Raise

On Feb 6, Bell Canada Enterprises ( ticker symbol: BCE) released its Q4 earnings and full year earnings. 

Some of the highlights of the Q4 earnings release are as follows:

• Net earnings increased 12.6% to $723 million CAD
• Net earnings attributable to common shareholders grew 10.9% to $672 million CAD, or $0.74 per share.  This is an increase of 8%.
• Q4 cash flows from operating activities increased 16.9% to $2.091 billion CAD
• Q4 free cash flow of $894 million CAD contributed to 7% growth  for full year 2019. 

BCE announced a dividend increase with the earnings release.  The dividend was increased from $0.7925 per share quarterly to $0.8325 per share quarterly, or from $3.17 per share annually to $3.33 per share annually.  This represents an increase of 5.05%.  I currently own 100 shares of BCE.  Therefore, this increase adds $16.00 CAD to my annual dividend income.

Disclosure:  Long BCE, CNR

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.

Recent Dividend Increase

The plant based burgers have started to become a goto burger place of choice for more people these days.  Also, the organic movement in general is gaining more momentum.  A documentary on Netflix called Knives and Forks have made people more aware of the benefits of eating a plant based diet.  

A&W Restaurants have for the past several years have changed they way make their food and where their food comes from at the beginning of the food chain.  Using meat from animals that were not giving antibiotics or growth via hormones for starters.

A&W released their earnings for their A&W Royalties Income Fund on July 24.  A&W announced a distribution increase from $0.154 to $0.159 starting with the July distribution to be paid on Aug 31.  This represents a distribution increase of 3.25%.  

I currently own 38 shares of AW.UN, so this increase adds $2.28 to my annual dividend income. This is equivalent of investing $65.14 of my own money at 3.5%.

A&W Royalties Income Fund has raised their distribution 5 times in last 13 months. The monthly distribution was increased from $0.138 to $0.159 over that time span, which is an increase 15.2%.

Immediately below, is a graph of the monthly distribution rate per unit over the past year.  

Monthly Distribution Rate Over Past Year

Immediately below, is the monthly distribution I have received over the past 12 months for owing 38 units of AW.UN. 

Distributions Received Over The Last Year. 

Summary:

A&W Restaurants have most of their restaurants in Western Canada, primarily in Alberta.  The restaurants have been effected by the fall of world oil prices over the past several years.  However, with more and more people looking for healthier food options these days, the restaurants have saw an increase in people over their competition like McDonald's.  

Disclosure:  Long AW.UN

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.

Portfolio Update: February 2019

The month of February 2019 is now behind us.  

On February 19, the Alberta government announced has signed contracts with Canada's two class 1 railroads to lease 4400 cars to transport Alberta oil to US and international markets. The price of Western Canada Select oil continues to trade well below the market price for Western Texas Intermediate price for a barrel of crude oil.

Towards the end of the month, the prime minister gave an order called "order in-council" which would allow the former Minister of Justice and Attorney General, Jody Wilson-Raybould, to give testimony to the House of Common's Justice Committee.  The former justice minister gave an opening statement which she tells of ongoing involvement and pressure by the government to interfere with a matter to due with SNC Lavalin.  After her testimony and then answering questions from members of the justice committee, the other federal parties are calling for an independent public inquiry and/or for Prime Minister of Canada, Justin Trudeau, to immediately resign.  The various members of parliament are saying "the Prime Minister has lost the moral authority to govern and must resign.  When will he !".

 Portfolio Activity

On February 19, I sold one covered call contract on Telus Corporation (T.TO) with an expiration day of April 18, 2019 at $0.45.  I collected a premium of $34.05 after commissions.

On February 19, I sold out my position in Titanium Transportation (TTR.V).  This is an asset based trucking company that trades on the Venture Exchange in Canada.  This stock does not pay a dividend and became public less than 6 years ago.  This sale occurred in my margin account.

On February 20, I sold out of my position in iShares 1-5yrs Corporate Bond Index ETF within my TFSA.  The position was small and the yield was under 3%, which is barely above inflation.  I am currently looking to use the proceeds of this sale along with other money, to make a more advantageous investment.

On February 25, I sold 2 covered call contracts on WestJet Airlines (WJA.TO) with an expiration day of July 19 2019 at $0.40.  I collected a premium of $68.05.

Shares Purchased Via DRIP

1 unit of CUF.UN.TO @ $11.8855 for a total cost of $11.89 (TFSA)

I own 215 units of Cominar REIT (CUF.UN.TO).  Currently, CUF.UN pays $0.72 per unit per year, or $0.06 per unit monthly.  This DRIP adds $0.72 to my annual dividend income.

Currently, Enbridge does not have a DRIP program as it was cancelled in November 2018.  The dividend was paid on March 1.  So, I will receive a cheque in the mail from the transfer agent for one of my positions in Enbridge.  

Please note that if some brokerages DRIP shares when there is no DRIP program by the actually company.  This DRIP is when the brokerage buys the shares directly off the public market stock exchanges.

Dividend Increases

This month I received a total of 7 dividend increases.

On February 7 , Bell Canada Enterprises  (BCE.TO) announced a dividend increase of $0.2875 quarterly.  The annual dividend was increased from $3.02 to $3.17  per share per year.  This represents an increase of 4.97%.

I own 100 shares of BCE.TO, so this increase adds $15.00 to my annual dividend income.

On February 8, Brookfield Renewable Partners LP (BEP.UN.TO) announced a distribution increase of $0.025 USD per share quarterly.  The annual dividend was increased from $1.96 USD to $2.06 USD annually.  This represents an increase of 5.10%.

I own 33 units of BEP.UN.TO, so this increase adds $3.30 USD to my annual dividend income. At the time of this writing, $1 US is equivalent to $1.32965 CDN.  Therefore, the Canadian equivalent is an increase of $4.39.
 

On February 12, Killiam Properties REIT  (KMP.UN.TO)  announced a distribution increase of $0.02 per share per year.  The annual distribution was increased from $0.64 from $0.66 per unit per year.  This represents an increase of 3.125%.

I currently own 302 units of KMP.UN.TO ,so this increase adds $6.04 to my annual dividend income.

On February 13, A&W Royalties Income Fund (AW.UN.TO)  raised its monthly distribution from $0.143 to $0.147.  The annual distribution was increased from $ 1.716 to $1.764.  This represents an increase of 2.80%.

I currently own 38 units of AW.UN.TO, so this increase adds $1.82 to my annual dividend income.

On February 22, Royal Bank of Canada (RY.TO) raised its quarterly dividend from $0.98 to $1.02.  The annual dividend was increased from $3.92 to $4.08 per share per year.  This represents an increase of 4.08%.

I currently own 20 shares of RY.TO, so this increase adds $3.20 to my annual dividend income.

On February 26, Bank of Nova Scotia (BNS.TO) raised its quarterly dividend from $0.85 to $0.87.  The annual dividend was increased from $3.40 to $3.48 per share per year.  This represents an increase of  2.35%.

I currently own 61.940218 shares of BNS.TO across two accounts, so this increase adds $4.96 to my annual dividend income.

On February 28. Canadian Imperial Bank of Commerce "C.I.B.C" (CM.TO) raised its quarterly dividend from $1.36 to $1.40.  The annual dividend was increased from $5.44 to $5.60 per share per year.  This represents an increase of 2.94%.

I currently own 28 shares of CM.TO, so this increase adds  $4.48 to my annual dividend income.

These 7 increases add a total of $39.89 to my annual dividend income.  This is equivalent of investing $1139.71 of my own money at 3.5% yield.  I did not have to invest this money, by received this additional dividend income for being a shareholder or unit holder in various companies.

Summary:

As of March 2 , the value of the portfolio is $120443.51. This is a 1.727%  increase over last month's total.

Disclosure: Long all fore mentioned stocks.

Please Note:  Positions in Restaurant Brands International (QSR.TO) and Brookfield Renewables Partners (BEP.UN) pay dividends and distributions in US dollars, respectively.  My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time.

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.

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.

Recent Dividend Increases

      As businesses grow and prosper, we stay along for the ride as investors to reap the rewards.  When we buy and hold stocks, we can  use the income paid out via dividends or distributions any way we like.  The best part is when the dividend or distribution is increased and all you had to do is be a shareholder.

First Raise

On November 6, A&W Royalties Income Fund announced their intention to pay a distribution for the period of October 1 to October 31 for shareholders on record November 15 and to be paid out on November 30.  A&W Royalties Income Fund announced a $0.143 monthly distribution which equates to $1.716 per unit annually. The increase from $1.692 to $1.716 represents an increase of 1.418%.

I currently own 38 units of AW.UN.TO.  This increase adds $0.912  to my annual dividend income.  This increase is the fourth one I received in less than 2 years of being an unit holder and the third increase from A&W Royalties Income Fund this year.

This increase is equivalent to investing $ 26.06 of my own money at 3.5% yield.

Second Raise

I recently purchased shares of Telus Corporation (T.TO) over 2 separate transactions.  Telus is one of the big 3 in Communications space in Canada.  The other 2 companies are Bell Canada Enterprises and Rogers Communications.  A fourth distant company is Shaw Communications.  For disclosure, I own own shares in all four of these companies.

On November 8, Telus released their earnings for the third quarter.   Telus increased their dividend from $0.545 from $0.525 quarterly, or from $2.10 to $2.18 per share per year. Telus has been increasing the dividend semi-annually over the pass several years.  This most recent increase represents an increase of 3.81%.

I currently own 124 shares of Telus, so this increase adds $9.92 to my annual dividend income.

This increase is equivalent of investing $283.43 of my own money at 3.5% yield.

Disclosure: Long T.TO, AW.UN.TO

Photo Credit : colourbox.com

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.