Dividend Increase #3 of 2020

cnr

Howdy fellow investors! I’m here to share with you another dividend increase my portfolio received this month. After markets closed on January 28th Canadian National Railway (ticker: CNR) released their quarterly earnings, in that release the board of directors announced a 7% increase to the company’s dividend. The dividend increase was expected but I believe everyone was expecting the raise to be over 10%. I believe that trade tensions and and the strike that CN conductors had back in the fall of 2019 had a hand in this decision.

As a side note this is the second raise of the year I have received the other being Canadian Utilities that have been lower than last year. I might have to keep an eye on this and hope it isn’t a trend.

Ok back to CN I currently have 15 shares of the company and this raise is going to boost my quarterly income by $0.56 and annually by $2.24.

Portfolio Raises In 2020

Stock Old Dividend New Dividend Forward Income
Canadian Utilities $0.4227 $0.4354 $7.92
Realty Income Corp $0.2275 $0.2325 $2.88
Canadian National Railway $0.5375 $0.5750 $2.24
Total $13.04

If you own Canadian National Railway congrats on the raise fellow shareholders.

Come back next Monday and I will share with you my dividend income for the month of January.

Thanks

Matthew

7 thoughts on “Dividend Increase #3 of 2020

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