Dividend Increase #18 of 2020

Hello everyone, today I get to share with you some happy news. News that all dividend investors like to see, one of my stocks Microsoft (ticker: MSFT) on September 15th announced a 10% raise to its dividend. After this raise the company will now pay $0.56 per share quarterly up from $0.51 per share.

Microsoft is currently a small holding of mine, I plan on building up my position in the company over the coming years. I currently hold 21 shares and with this announcement my quarterly dividend income will rise by $1.05 and annually by $4.20. The income growth isn’t huge but I will definitely take it, in the end it all adds up.

Portfolio Raises in 2020

StockOld DividendNew DividendForward 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$0.420.465$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
Algonquin Power & Utilities$0.1410$0.1551$18.56
Walgreen’s Boots Alliance$0.4575$0.4675$0.80
Altria Group$0.84$0.86$6.88
Microsoft$0.51$0.56$4.20
Total$181.32

Congratulations to all of my fellow Microsoft shareholders.

Thanks

Matthew

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