Dividend Increase #14 of 2020

Hi everyone I have some good news to share with you, it’s a nice change from all of the dividend cuts that I’ve had to share recently. On April 14th the Board of Director’s at Johnson & Johnson announced a dividend increase of 6.3%. This marks the 58th consecutive year that JNJ has raised their dividend.

JNJ is going to be increasing their dividend to $1.01 per share up from $0.95 per share, this is a pretty nice boost for the environment we are all in these days. I currently own 24 shares of the company so my quarterly income will get a boost of $1.44 and annual income goes up by $5.76.

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
Johnson & Johnson	$0.9500	$1.01	$5.76
Total			$150.88

Congratulation on the raise to all my fellow shareholders.

Thanks

Matthew