Hi folks, I have some news to share with you. On February 17th Go Easy Ltd (ticker: GSY) announced a whopper of a dividend increase when they reported their earnings. I was expecting a raise during the earnings release but didn’t know what to expect. I know others were expecting a big one but I didn’t want to guess. Well Go Easy delivered a massive 47% increase to their dividend, beyond my expectations for sure.
With this announcement Go Easy’s annual dividend will be $2.64 per share up from $1.80. The company pays quarterly and so those payments will be $0.66 per share up from $0.45. I currently own 31 shares and I really really wish I owned more lol. With the boost to the dividend my income will increase by $6.51 quarterly and $26.04 annually. The new dividend will take effect with the April 9th payment to shareholders of record on March 26th.
Portfolio Raises of 2021
|Stock||Old Dividend||New Dividend||Forward Income|
|Canadian National Railway||$0.575||$0.615||$4.16|
|Brookfield Renewable Partners Corp.||$0.2893||$0.30375||$2.96|
Congratulations to all my fellow shareholders.