Bank of Montreal’s 3 Cent Dividend Increase

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Hey everyone, forgive me I’m a little late in posting this, my portfolio received another dividend increase and I thought I would share it with you. On Tuesday December 3rd the Board of Directors of Bank of Montreal announced a three cent raise to the quarterly dividend. This announcement was fully expected as the bank has been raising the dividend semi-annually the last few years.

The dividend will be $1.06 per share up from $1.03. I currently own 91 shares and with this raise my income will increase by $10.92.

Do you own BMO? If so congrats fellow shareholders on the raise.

Thanks

Matthew

Telus 3.6% Dividend Increase

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Hey everyone, thought I would share another dividend increase I received. On Thursday November 7th I woke up to the news that Telus was increasing it’s dividend by 3.6%. I would love to say this was a pleasant surprise but it really wasn’t, it was expected. For the last several years Telus has been raising their dividend semi-annually. The board of directors announced that effect January 2nd, 2020 when the dividend is paid next that the dividend will be increased to $0.5825 per share.

I currently own 105 shares and with this announcement my quarterly income will increase by $2.10 and $8.40 annually.

Congrats to my fellow shareholders on the raise.

Matthew

AbbVie Raises Dividend

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Happy Monday everyone! Today I wanted to share with you some dividend news I received on Friday. On Friday one of the stocks I own AbbVie (ABBV) announced quarterly earnings, during that announcement the board of directors declared a 10.3% dividend increase that will take place in February. AbbVie currently pays $1.07 per share this will increase to $1.18 per share when they pay the February dividend.

I currently own 67 shares of AbbVie so with this increase my quarterly income will increase by $7.37, annually my income increases by $29.48

If you own shares in AbbVie congrats fellow shareholders on your raise.

Thanks for reading!

Matthew

Dividend Increases 5,6,7 and 8 of 2019

Dividend increases keep on rolling in this month and I’m here to share four with you that I received in the last couple of weeks.

The first raise comes from TransCanada.

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On February 14th the Board of Directors announced an 8.7% increase to the dividend. This increases the quarterly payout to $0.75 per share up from $0.69. This is the fifth raise I have received from TransCanada.

I currently own 146 shares and with this announcement my quarterly income increases by $8.76 and annually by $35.04.

 

The second raise comes from Royal Bank of Canada.

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On February 22nd as expected Royal Bank of Canada raised their dividend. Along with Bank of Montreal, RBC has been raising their dividend every other quarter over the last few years. The announcement boosts RBC’s quarterly payout to $1.02 per share up from $0.98. This is the tenth raise I have received from the bank and I look forward to many more in the future.

I currently own 77 shares and my quarterly income will increase by $3.08 and annually by $12.32.

 

The third increase comes from a new holding for me ScotiaBank.

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On February 26th ScotiaBank announced a 2 cent increase to its quarterly dividend bringing the payout to $0.87 up from $0.85. This is the first increase I have received from the bank as I only bought my first shares last fall.

I currently own 27 shares and my quarterly income goes up by $0.54 and annually by $2.16.

My fourth raise is also from a new holding of mine and it is Home Depot.

Home Depot

 

On February 26th Home Depot announced a massive 32% increase to its dividend. The quarterly dividend jumps to $1.36 per share up from $1.03.

I currently own 12 shares of Home Depot and my quarterly income increases by $3.96 and annually by $15.84.

 

Congratulations if you own these stocks as well.

Thanks for reading, I’ll be back next week to share my February dividend income post with you.

Matthew

Fourth Dividend Increase Of 2019

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Hello everyone I’m back to share another dividend raise with you. On Feb 7th the board of directors of BCE announced a 5% raise to its dividend. This is the fifth raise I have received since owning the stock. BCE will now pay a quarterly dividend of $0.7925 up from $0.755.

I currently own 140 shares and with this announcement my quarterly income will increase $5.25 and annually by $21.

If you own BCE then congrats on the raise fellow shareholders.

Thanks

Matthew

 

Third Dividend Increase of 2019

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Hi everyone today I just wanted to share with you a dividend increase I received back on Jan 29th. On January 29th the Board of Directors of Canadian National Railway announced an 18% increase to their dividend. This is the biggest dividend increase I have received from one stock which was great to see. This is the second increase I have received since owning the stock.

I currently own 15 shares of Canadian National Railway and with this announcement my quarterly income will increase by $1.23 and annually by $4.92.

If you own the stock then congrats on the raise.

 

Thanks

Matthew

Second Dividend Raise of 2019

Realty Income Corp

Hi everyone I’m here to share another dividend raise with you. Yesterday the board of directors of Realty Income Corp announced a 3% raise to their dividend. This is the 5th raise from Realty Income Corp that I have received since I first bought shares early in 2018. The company will now pay a monthly dividend of $0.2255 up from $0.2210.

I currently own 47 shares and with this announcement my monthly income will increase by $0.21 and annually by $2.52.

If you own Realty Income Corp then congrats on the raise 🙂

Thanks for reading!

Matthew

First Dividend Raise of 2019

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Hi everyone, well it happened! It only took 10 days into the new year to receive my first dividend increase. On Thursday January 10th the board of directors of Canadian Utilities announced a 7.5% increase to the dividend. This marks the 47th consecutive year that Canadian Utilities has raised its dividend. This is the fifth increase I have received since owning the stock.

The new dividend will be $0.4227 up from $0.3933. I currently own 154 shares and my quarterly income will increase by $4.51 and annually by $18.04.

Congrats to all my fellow shareholders on the raise.

Thanks for reading

Matthew

Dividend Increases 26 & 27 of 2018

Hello everyone and welcome back. This week I have received two more dividend increases and wanted to share them with you. One I was expecting because the company usually announces in December. The other raise was unexpected and I only found out about it scrolling through Twitter Tuesday night.

The first raise came from:

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On Tuesday Enbridge announced a 10% raise to their dividend beginning in the first quarter of 2019. Also in the announcement they said they expect to raise the dividend by another 10% in 2020. Enbridge is a big holding for me I hold the stock in two accounts RRSP (Registered Retirement Savings Plan) and LIRA (Locked In Retirement Account).  This is the 6th raise I have received from Enbridge since I first started buying the stock.

Income

I currently own 257 shares and with the raise my income will increase by $17.22 quarterly and $68.88 annually.

The second increase came from:

Realty Income Corp

 

As mentioned above I found out about this raise scrolling through Twitter and it came as a surprise. This is the 4th raise for Realty Income Corp on the year. If I knew they raised the dividend so much per year I would have bought more shares lol. As it stands I currently have a small position in the company so the income gained isn’t a lot.

Income

I currently own 47 shares and with this news my monthly income increases by $0.03 and $0.36 annually.

If you own these stocks congratulations on the raises.

Thanks for reading

Matthew

Dividend Increases 24 & 25 of 2018

Hello everyone hope all of you are doing great. Today I am going to share with you a couple of dividend increases I received last week.. Last week two of my banks delivered dividend increases as was expected.

The first bank was:

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On Tuesday December 4th Bank of Montreal raised their quarterly dividend by 4 cents per share to $1 or $4 annually. BMO usually raises their dividend twice a year (May and December).  This is the 9th increase I have received from the bank since I started buying the stock.

Income

I currently own 71 shares so my income will increase $2.84 quarterly and $11.36 annually.

 

The second stock to raise their dividend was:

Laurentian Bank

 

On Wednesday December 5th Laurentian Bank announced a 1 cent increase to their dividend raising it to $0.65 per share. This is the first increase I have received from the bank as I recently purchased the stock.

Income

I currently own 95 shares and with the raise my income will increase $0.95 per quarterly and $3.80 annually.

 

Congrats on the raise if you own these stocks as well.

Thanks for reading.

Matthew