Dividend Increase #6 of 2020

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Like clock work the board of directors of BCE (ticker: BCE) on Thursday February 6th announced a 5% raise to their quarterly dividends. This is the 11th consecutive year that BCE has raised it’s dividend.

I currently own 142 shares and my quarterly income is going to increase by $5.67 and annually by $22.68.

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 0.465 $8.80
BCE $0.7925 $0.8325 $22.68
Total $45.72

If your a shareholder of BCE congrats on the raise.

I’ll be back on Monday with my net worth post.

Thanks

Matthew

8 thoughts on “Dividend Increase #6 of 2020

  1. Hi Matthew, I think Enbridge had an increase for 2020 as well. Effective March but it was announced in December 2019…Thanks for the increase updates. We have similar stocks so your info is much appreciated. Carol

    Liked by 1 person

  2. It’s good to be a shareholder of our Telecos here, when they raise their prices on services doesn’t feel as bad when you also get a raise on their Dividends

    Liked by 1 person

    1. It definitely is good to be a shareholder of the telcos. That is true when they raise the price of the services you know you will get some of it returned as a dividend 🙂

      Like

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