Hi everyone, I’m back today to share a dividend increase I receive back on October 30th. The Board of Directors announced a 10.2% raise to the company’s dividend which will take effect when the company pays it’s February dividend.
The dividend which is paid quarterly will increase to $1.30 per share up from the current $1.18. I currently own 78 shares and with this news my quarterly income will increase by $9.36 and annually by $37.44.
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 |
| 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 |
| Texas Instruments | $0.90 | $1.02 | $11.04 |
| Fortis | $0.477 | $0.505 | $29.68 |
| Lockheed Martin | $2.40 | $2.60 | $11.20 |
| AbbVie | $1.18 | $1.30 | $37.44 |
| Total | $270.68 |
If you are a shareholder of AbbVie then congrats on the raise.
Thanks
Matthew
Matthew – Loved this dividend increase. It was a nice surprise at the end of Octobert.
Bert
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