Hello folks today’s post is about another dividend increase for my portfolio. On November 22nd, 2016 Alimentation Couche-Tard announced an increase to their dividend.
Alimentation Couche Tard Inc is a Canada-based company, which is engaged in the convenience store industry. It focuses on the sale of goods for immediate consumption, road transportation fuel and other products through stores and franchise operations. It operates its convenience store and road transportation fuel retailing chain under several banners, including Circle K, Couche-Tard, Mac’s, Kangaroo Express, Statoil, Ingo, Topaz and Re.Store. The Company focuses on various categories, including merchandise and services, road transportation fuel and other. The Company holds contracts with franchisees and independent operators. Its merchandise sales primarily consist of the sale of tobacco products, grocery items, candy and snacks, beverages, beer, wine and fresh food offerings, including quick service restaurants. Its merchandise sales in Europe also include the sale of merchandise and goods to certain independent operators and franchisees made from the Company’s distribution center.
(Source: Google Finance)
On November 22nd the company increased their dividend 16% to $0.09. I currently own 9 shares of the company, and this is the second increase I have received since owning the stock.
This increase will boost my income by $0.44 in 2017. Not a big amount but I will certainly take it. Congratulations to all of the other shareholders who received a raise as well.
Thanks for reading.