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|
|Realty Income Corp||$0.2275||$0.2325||$2.88|
|Canadian National Railway||$0.5375||$0.5750||$2.24|
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.