Dividend Increase #9 of 2020


Good morning fellow investors, today I would like to share another raise I received with you. On February 21st the board of directors of Royal Bank of Canada announced a 3% increase to the banks dividend. With this announcement the bank continues with its similar plan to raise the dividend on a semi annual basis.

The dividend which is paid on a quarterly basis will now increase to $1.08 per share up 3 cents from $1.05. I currently own 96 shares and with this raise my forward income goes up by $11.52.

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 $0.23 $0.2350 $0.98
TC Energy $0.75 $0.81 $35.52
Royal Bank of Canada $1.05 $1.08 $11.52
Total $93.74

My forward income is almost at $100 just from raises this year, that is so exciting knowing that my money is working for me in this way. Congratulations if you own RBC as well!




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