Dividend Increase #5 of 2020

suncor-energy

Hi everyone I have another raise to share with you. Wednesday February 5th after the markets closed Suncor (ticker: SU) announced it’s quarterly earnings and in that announcement the dividends were going to be raised by 11%. This the 18th consecutive year that Suncor has raised their dividend.

I currently own 49 shares and with this announcement my quarterly income will increase by $2.20 which means my annual income grows by $8.80.

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
3M Company $1.44 $1.47 $1.20
Suncor $0.42 0.46 $8.80
Total $23.04

Congratulations if you own Suncor fellow shareholders. I will be back with a post on the weekend with a post on another raise I received this week.

Thanks

Matthew

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