Hello everyone and welcome to my latest post. Today I am going to share with you my first dividend increase of the year. On January 11th like clock work Canadian Utilities announced an increase of 10%. I must say this wasn’t a surprise as Canadian Utilities has been raising their dividend every year since 1972.
Before we get into how much this decision will affect my income I will provide you a description of Canadian Utilities in case you are not familiar with the company.
Company Description
Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL). The Pipelines & Liquids segment’s activities are conducted through three regulated businesses, ATCO Gas, ATCO Pipelines and ATCO Gas Australia, and one non-regulated business, ATCO Energy Solutions. It delivers natural gas distribution and transmission services, energy storage, and industrial water solutions to existing and new customers. The Corporate & Other segment includes retail energy business, which through ATCOenergy, sells electricity and natural gas to large commercial retail customers. It also includes the commercial real estate in Alberta, and the strategic investment and expansion into Mexico.
Source (RBC Direct Investing)
Income
As mentioned above this is a 10% raise. Canadian Utilities was paying a dividend of $0.3575, the new dividend will now be $0.3933. This is the 4th raise I have received since I first purchased the stock.
I currently own 155 shares and my income with this decision will increase my income $22.20 annually.
Do you own Canadian Utilities? If so congrats on the raise fellow shareholder. Hopefully this is the first of many raises for my portfolio this year.
Thanks for reading
Matthew
All About The Dividends 
Love this company, even bought some extra shares to keep the drip going! Had not seen the 10% dividend increase, but surely are loving it!
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I bought some more shares last year as well. I also missed the announcement. More money for us 🙂
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Yeah!
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Nice matt! Congrats on the raise. After the pullback i keep thinking of starting a position in cu or fortis. Super dependable raises!
Cheers
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I love both cu and fortis you can’t go wrong.
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Congrats mate! Always nice to see dividend increase. Helps beat inflation 🙂
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Thanks I love seeing dividend increases i get a raise for doing nothing 😃
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Hi Matt, Just checking out your site as a fellow dividend investor. I don’t own any ATCO, but I will have to check into it. I do own some other utilities, D, SO, ED, DUK, WEC. I like there stability and consistent reliable dividends. I am an american but do own a few Canadian stocks as well, RY, BNS, SU, TD, and of Course CNI, really like this one and have held it for years. Picked up most of the bank stocks in 2015-2016 during the oil sell off so I got lucky there.
Keep up the good work!
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Hi Bob and thanks for stopping by my site. You own some nice utilities yourself, you also own some excellent (my opinion) Cdn stocks the banks have really done well here. They pay generous dividends and increase them like clock work.
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I own this one but I didn’t realize they’d just announced a dividend increase. Looks like I’ll be bringing in an extra $14 a year!
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Yay congratulations. I missed it at first as well.
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Nice I only own Duke right now for utilities but my mom is gifting me her stocks this year. Which includes 2 utilities PPL and PEG so at the end of the year I will own at least 3 lol. I have had a couple of raises O and t announced in dec and O and OHI announced Tuesday. Keep us informed on raises love hearing about them
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Thanks I will keep you informed. That’s awesome your getting gifted stocks. Congrats on your dividend raises.
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