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.
Matthew
I have most of these. Congrats on the raise. I also have the unfortunate privilege of owning 100 KHC shares. I took a major hit on that one.
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Thanks! Sorry to hear about KHC hopefully they can bounce back.
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Very nice and congrats on the increases received. Gotta love dividend investing!
Bert
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Thanks Bert. I do love dividend investing!
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Awesome stuff. The last week or so has brought 4 increases for our portfolio too. Although none were as good as that HD raise.
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Hey JC congrats on your raises. February has been a big month for dividend increases. I was shocked when I heard of HD’s raise 🙂
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Awesome. I own BNS as well. Nice to see a little dividend increase right out of the gate.
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Congrats on all the raises! Nothing beats getting raises while sitting around twiddling your thumbs! Keep it up.
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Thanks and I couldn’t agree more with you! Congrats on the raises you have received!
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Awesome to see more raises! I’m benefiting from RBC raise and my wife from BNS raise!
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Very nice congrats on your raises as well.
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