Dividend Increase #8 of 2020

 

Hey everyone it’s time to share another dividend raise I received with you. On February 13th the board of directors of TC Energy announced an 8% dividend increase. TC Energy is one of my biggest holdings so it is always great to see a raise like this.

With this announcement the dividend which is paid quarterly will rise to $0.81 per share or on an annual basis to $3.24 per share. I currently own 148 shares and my income will rise by $8.88 quarterly or $35.52 annually.

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
Diversified Royalty Corp	$0.2300	$0.2350	$0.98
TC Energy	$0.7500	$0.8100	$35.52
Total			$82.22

If you own TC Energy congrats on the raise as well.

Thanks

Matthew