Hi everyone, this week I received a couple of dividend increases and wanted to share them with you. These raises weren’t a surprise as both companies have been raising for several consecutive years now. The first raise came from Home Depot.

Home Depot (ticker: HD) came through for investors on Tuesday with a 10% raise to its dividend. The company will now pay a quarterly dividend of $1.65 up from $1.50. The new dividend will take effect with the March 25th payment to shareholders of record of March 11th.
I currently own 23 shares and with this raise my quarterly dividend income will increase by $3.45 and annually by $13.80.
The raise I received on Thursday night after the markets closed and that came from Aecon.

On Thursday night Aecon (ticker: ARE) announced their year-end 2020 results, and in that announcement they said they will be increasing their dividend by 9.3%. This marks the ninth year in the last ten that Aecon has raised their dividend. The new dividend will be paid quarterly at $0.175 per share up from $0.16. The new dividend will take effect with the April 5th payment to shareholders of record of March 23rd.
I currently own 130 shares of the stock and my quarterly income will increase by $1.95 and annually by $7.80.
Portfolio Raises in 2021
Stock | Old Dividend | New Dividend | Forward Income |
Canadian National Railway | $0.575 | $0.615 | $4.16 |
3M Company | $1.47 | $1.48 | $0.80 |
Brookfield Renewable Partners Corp. | $0.2893 | $0.30375 | $2.96 |
BCE | $0.8325 | $0.875 | $13.08 |
Go Easy | $0.45 | $0.66 | $26.04 |
TC Energy | $0.81 | $0.87 | $9.12 |
Home Depot | $1.50 | $1.65 | $13.80 |
Aecon | $0.16 | $0.175 | $7.80 |
Total | $76.96 |
If you own Home Depot or Aecon congratulations on the raises.
Thanks
Matthew
nice Matt
congrats. I used to own aecon, great business.
hd as well!
cheers
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Thanks Rob!
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Congrats
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Thanks
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