Thursday, August 23, 2007

8% Pay Raise

Well in the midst of the whole sub-prime scare TD decided to give me an 8% raise. They recently reported great third quarter results and raised their quarterly dividend by 8%. This move simply reinforces my conviction in the dividend growth strategy that I’m pursuing. Simply put the strategy involves buying out of favour but stable, high quality, blue chips that have a long history of dividend increases.

4 comments:

moneygardener said...

very nice....

telly said...

Yeah, today I wish I owned TD. Instead, I pay them every month. :(

TKOWKD1 said...

Congratulations to all Bank stock holders, whether it's through your RSPs, RESPs, Pension Funds or Mutual Funds. Quarterly Bank profits and dividend hikes are like Christmas to me, except I get to celebrate 4 times a year.

A strong banking system is the backbone of the Canadian economy, cheers to all and may your wealth grow.

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