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
Awesome! Keep those raises coming!!
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Hey Matthew,
Good stuff on the 3rd raise of the year, keep em coming!
-DGX Capital
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Thanks I think I should have two more raises next week as well 🙂
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what approximately is your average annual percentage income on your total investment? please
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It’s about 4.1%
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commenting to try and figure out the commenting….
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Ok thanks I hope this works
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