Dividend increases keep on rolling in this month and I’m here to share four with you that I received in the last couple of weeks.
The first raise comes from TransCanada.
On February 14th the Board of Directors announced an 8.7% increase to the dividend. This increases the quarterly payout to $0.75 per share up from $0.69. This is the fifth raise I have received from TransCanada.
I currently own 146 shares and with this announcement my quarterly income increases by $8.76 and annually by $35.04.
The second raise comes from Royal Bank of Canada.
On February 22nd as expected Royal Bank of Canada raised their dividend. Along with Bank of Montreal, RBC has been raising their dividend every other quarter over the last few years. The announcement boosts RBC’s quarterly payout to $1.02 per share up from $0.98. This is the tenth raise I have received from the bank and I look forward to many more in the future.
I currently own 77 shares and my quarterly income will increase by $3.08 and annually by $12.32.
The third increase comes from a new holding for me ScotiaBank.
On February 26th ScotiaBank announced a 2 cent increase to its quarterly dividend bringing the payout to $0.87 up from $0.85. This is the first increase I have received from the bank as I only bought my first shares last fall.
I currently own 27 shares and my quarterly income goes up by $0.54 and annually by $2.16.
My fourth raise is also from a new holding of mine and it is Home Depot.
On February 26th Home Depot announced a massive 32% increase to its dividend. The quarterly dividend jumps to $1.36 per share up from $1.03.
I currently own 12 shares of Home Depot and my quarterly income increases by $3.96 and annually by $15.84.
Congratulations if you own these stocks as well.
Thanks for reading, I’ll be back next week to share my February dividend income post with you.