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!
Thanks
Matthew
