Hello everyone hope all of you are doing great. Today I am going to share with you a couple of dividend increases I received last week.. Last week two of my banks delivered dividend increases as was expected.
The first bank was:
On Tuesday December 4th Bank of Montreal raised their quarterly dividend by 4 cents per share to $1 or $4 annually. BMO usually raises their dividend twice a year (May and December). This is the 9th increase I have received from the bank since I started buying the stock.
I currently own 71 shares so my income will increase $2.84 quarterly and $11.36 annually.
The second stock to raise their dividend was:
On Wednesday December 5th Laurentian Bank announced a 1 cent increase to their dividend raising it to $0.65 per share. This is the first increase I have received from the bank as I recently purchased the stock.
I currently own 95 shares and with the raise my income will increase $0.95 per quarterly and $3.80 annually.
Congrats on the raise if you own these stocks as well.
Thanks for reading.