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
- 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|
|Realty Income Corp||$0.2275||$0.2325||$2.88|
|Canadian National Railway||$0.5375||$0.5750||$2.24|
|Diversified Royalty Corp||$0.2300||$0.2350||$0.98|
If you are a shareholder congrats on this news. I look forward to seeing what management is going to do in the future.