Hello everyone welcome back! Last week was a busy week for my portfolio in regards to dividend raises. I received four last week and Diversified Royalty Corp’s (ticker: DIV) raise on February 6th was the last one and an unexpected one at that. Last Thursday the company announced that it was going to be acquiring Oxford Learning Centres creating the company’s sixth royalty stream, when the purchase is completed the company will raise it’s dividend as well.
Diversified Royalty Corp’s royalty stream are:
- Mr Lube
- Sutton
- Air Miles
- Mr Mikes
- Nurse Next Door
- Oxford Learning Centres
The dividend will be moving up by a half a penny from $0.23 to $0.235. With this raise and new royalty stream the payout ratio will be dropping to 95% from over 100%. I currently own 196 shares so my income will be increasing $0.98 not much but I will take it.
Portfolio Raises 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 |
| Diversified Royalty Corp | $0.2300 | $0.2350 | $0.98 |
| Total | $46.70 |
If you are a shareholder congrats on this news. I look forward to seeing what management is going to do in the future.
Thanks
Matthew
This company is on the roll! For many years they had only 3 streams, not covering the dividend. At some point I wanted to drop them but decided to wait a bit longer. I’m glad I held on to my stocks because now they have 6 deals completely covering the dividend. Will continue to hold them or even add more to my position.
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Looks like a good long-term holding
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It’s definitely looking better these days.
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Yes I agree they are on a roll. I will continue to hold onto my shares too.
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A raise is a raise, even if it’s only $0,005!
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Absolutely! 😀
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