Dividend Increase #13 of 2020

Power Corp

Howdy folks, today I’m going to share a dividend raise with you. On March 16th the Board of Directors delivered on what they said they would do and raised the dividend of Power Corp by 10%. This was first announced back in December when Power Corp made in offer to buy the remaining shares they didn’t own of Power Financial, during that announcement they said if Power Financials shareholders accepted the deal than the dividend would be raised by 10%. In February the shareholders approved the merger.

Power Corp pays a quarterly dividend that will now increase to $0.4475 up from $0.405 per share. I currently own 236 shares and with this announcement my quarterly income will increase by $10.03 and annually by $40.12.

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
Power Corp $0.405 $0.4475 $40.12
Total $145.12

I must say with the current environment we are in I’m surprised Power Corp went through with this size of increase. If you own Power Corp congrats on the raise fellow shareholders.

Thanks

Matthew

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s