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
Love it!
I was down on this stock for a while, but it was so undervalued, I knew it would eventually catch up, now i’m up about 12% and have got 2 dividend raises from them!
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That’s awesome, let’s see those gains and raises continue.
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