Two More Raises

Hello everyone how are you? It feels like so much has happened since my last post (Tuesday) Major League Baseball has a new champion congratulations Cubs fans you waited long enough, I am a Blue Jays fan and was cheering for Chicago. Now back to the matter at hand, the last couple of days I have received dividend increases from two companies and thought I would share it with you.

First up Inter Pipeline:

Overview of the company.
Inter Pipeline Ltd. (Inter Pipeline) owns and operates energy infrastructure assets located in western Canada and Europe. Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business. Its oil sands transportation business consists of the Corridor, Cold Lake and Polaris pipeline systems, which transport petroleum products and provide related blending and handling services in Alberta. Its conventional oil pipelines business involves the transportation, storage and processing of hydrocarbons, as well as midstream marketing blending and handling services. Its NGL extraction business consists of processing natural gas to extract NGLs, including ethane and a mixture of propane, butane and pentanes plus. Its bulk liquid storage business involves the storage and handling of bulk liquid products through the operation of over 10 bulk liquid storage terminals.
(Source: Google Finance)
On November 3rd Inter Pipeline announced an increase to their dividend. The dividend will increase 3.8% to $0.135 from $0.13 the new dividend will be payable on or about December 15th, 2016.
I currently own 131 shares of Inter Pipeline so the increase announced yesterday will boost my income by $0.65 in 2016 and by $7.80 in 2017. This is the first increase I have received from Inter Pipeline and I don’t expect it to be the last.
The second company is Telus:
Overview of the company:
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions. The Company operates through two business segments: Wireless segment and Wireline segment. Its Wireline segment offers products and services, including voice; TELUS TV; Internet protocol (IP) networks and applications; contact center, business process and information technology (IT) outsourcing solutions in over 30 languages; hosting, managed IT and cloud-based services; healthcare, and conferencing and collaboration. The Company offers Wireless services for consumers and businesses across Canada, such as data and voice, and mobile applications, as well as devices, which include smartphones, tablets and wearable technology.
(Source: Google Finance)
On November 4th today Telus announced another increase for their dividend. This is the 12th increase since Telus started it’s multi year 10 per cent annual dividend growth program which started in May 2011. This program is expected to run through 2019 which is great for investors. With this announcement the dividend increases 4.3% and goes to $0.48 from $0.46. This increase is payable on January 3, 2017.
I currently own 69 shares of Telus and this is the third increase I have received since owning the stock. I will not receive another dividend in 2016 from Telus so today’s announcement will increase my 2017 by $5.52.
To all of the other investors who own these stocks congratulations of the raises.
Thank you for reading.



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