Hey guys how are you? Today I thought I would share with you a couple of raises I received on November 9th, 2017. I love dividend investing and I hope you do as well, all I had to do is buy shares and if the companies raise their dividend I get a bonus for doing nothing who wouldn’t love that.
Let’s get started shall we.
On November 9th the board of directors announced that Telus was going to be raising their dividend 2.5%. This marked the second raise of 2017 for Telus, for the last several years they have raised their dividend on a semi-annual basis.
What is Telus let me provide you with a brief description.
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 (IP), 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 wireless and wireline businesses are primarily operated through TELUS Communications Company (TCC). The Company offers business services, including healthcare, across wireless and wireline are supported through TELUS sales representatives, product specialists, independent dealers and online self-serve applications for small and medium-sized businesses (SMBs). Its business process outsourcing services are supported through sales representatives and client relationship management teams.
(Source: RBC Direct Investing)
Telus’s dividend rises to $0.505 from $0.4925. I currently own 100 shares and with this announcement my income will increase $5 annually. This is the 5th raise I have received since owning the stock, I believe many more are in the future.
The second raise I received was from:
On November 9th the board of directors announced a 3.7% increase to Inter Pipeline’s dividend.
What is Inter Pipeline?
Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe. The oil sands transportation business consists of the Cold Lake, Corridor and Polaris pipeline systems that transport petroleum products and provide related blending and handling services in Alberta. The conventional oil pipelines business involves the transportation, storage and processing of hydrocarbons, as well as midstream marketing blending and handling services. The NGL processing business consists of processing natural gas to extract NGLs and the processing of oil sands upgrader off gas to extract an NGL and olefin mix. The bulk liquid storage business involves the storage and handling of bulk liquid products.
(Source: RBC Direct Investing)
With this announcement the dividend will increase to $0.14 from $0.135. I currently own 131 shares so my income will increase $7.92 annually. This is the second increase I have received from Inter hopefully more will continue to arrive year after year.
Well folks what do you think? Do you own these stocks? I just earned $12.92 for doing nothing I hope you are also receiving dividend increases and growing your passive income.
Thanks for reading