Hi everyone, well it happened! It only took 10 days into the new year to receive my first dividend increase. On Thursday January 10th the board of directors of Canadian Utilities announced a 7.5% increase to the dividend. This marks the 47th consecutive year that Canadian Utilities has raised its dividend. This is the fifth increase I have received since owning the stock.
The new dividend will be $0.4227 up from $0.3933. I currently own 154 shares and my quarterly income will increase by $4.51 and annually by $18.04.
Congrats to all my fellow shareholders on the raise.
Thanks for reading