Dividend Increase #22 of 2020

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

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
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

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