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
Wow an 11% raise is amazing for doing nothing but holding stocks!
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It’s always great to receive double digit raises 👍💰
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Loves it !
Sent from my iPhone
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