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|
|Realty Income Corp||$0.2275||$0.2325||$2.88|
|Canadian National Railway||$0.5375||$0.5750||$2.24|
|Diversified Royalty Corp||$0.23||$0.2350||$0.98|
|Royal Bank of Canada||$1.05||$1.08||$11.52|
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!