Dividend Increase #11 of 2020

Transcontinental

The dividend raises keep on coming, but looks like they may start to slow down for me. Today I wanted to share with you Transcontinental’s raise which they announced on February 27th. The Board of Directors announced a 2.3% increase to the dividend, this is the 18th straight year Transcontinental has raised the dividend.

Transcontinental pays a quarterly dividend of $0.2250 now up from $0.22. I currently own 122 shares. With these raise my quarterly income will increase by $0.61 and annually by $2.44.

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
Home Depot $1.36 $1.50 $6.72
Transcontinental $0.2200 $0.2250 $2.44
Total $102.90

If you own transcontinental congratulations on the raise!

Thanks

Matthew

 

2 thoughts on “Dividend Increase #11 of 2020

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