Hey fellow investors more exciting news to share with you. On January 12th I received my second dividend increase of the year. Canadian Utilities announced a 10% increase to their dividend. The company has increased the dividend every year since 1972.
About the Company
Alberta-based Canadian Utilities Limited, with nearly 5,500 employees and assets of approximately $19 billion, is an ATCO Company. ATCO is a diversified global corporation delivering service excellence and innovative business solutions in Structures & Logistics (workforce housing, innovative modular facilities, construction, site support services, and logistics and operations management); Electricity (electricity generation, transmission, and distribution); Pipelines & Liquids (natural gas transmission, distribution and infrastructure development, energy storage, and industrial water solutions); and Retail Energy (electricity and natural gas retail sales).
(Source: Canadian Utilities website)
I first purchased shares in the company back in July of 2014 and recently added to my position in November you can check out the details here. This is the third dividend increase I have received from the company.
Before the announcement Canadian Utilities paid a quarterly dividend of $0.3250 and now that increases to $0.3575. I currently own 155 shares so with this news my income increases by $5.04 or annually by $20.16.
Congrats to all the other shareholders who own this stock.
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