Dividend Increase #12 of 2020


Hey everyone, I’m a little slow in sharing this but I figured you would prefer to read my dividend income and stock purchase posts before a dividend increase post. Back on March 3rd just hours after I bought some shares the Board of Directors of Aecon (ticker: ARE) announced a 10% raise to its dividend. This is the eight raise in nine years for the company.

Aecon pays a quarterly dividend with the raise it is now $0.16 per share up from $0.145. I currently own 40 shares of the stock and with the raise my income will increase quarterly by $0.60 and annually by $2.40.

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
Aecon Group $0.145 $0.16 $2.40
Total $105.30

If your a shareholder of Aecon congrats on the raise!




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