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|
|Brookfield Renewable Partners Corp.||$0.2893||$0.30375||$2.96|
If you own Home Depot or Aecon congratulations on the raises.