First Dividend Increase of the Year

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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

13 thoughts on “First Dividend Increase of the Year”

  4. 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!

    Liked by 1 person

    1. 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.

      Like

  6. 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

    Liked by 1 person

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