Friday, December 21, 2007

Recent Canadian Dividend Increases

There is nothing more satisfying to a dividend growth investor than a nice juicy dividend increase. Here is a quick recap of some of the Canadian dividend increases in the last 3 weeks.

1.National Bank (NA) increased their quarterly dividend 3.33% to 62 cents/share.

2.Reitmans (RET.A) increased their quarterly dividend 12.5% to 18 cents/share.

3.Astral Media (ACM.A) increased their semi-annual dividend 25% to 25 cents/share.

4.Canadian Western Bank (CWB) increased their quarterly dividend 11% to 10 cents/share.

5.Bank of Nova Scotia (BNS) increased their quarterly dividend by 4.44% to 47 cents/share.

6.A&W Royalties Income Fund increased their monthly distribution 2.9% to 10.6 cents/unit.

7.Laurentian Bank (LB) increased their quarterly dividend 10.3% to 32 cents/share.

8.Fortis (FTS) increased their quarterly dividend 19% to 25 cents/share.

9.Cameco (CC) increased their quarterly dividend 20% to 24 cents/share.

10.Encana (ECA) stated that they would increase their quarterly dividend 100% to 40 cents/share.

11.Vermillion Energy Trust(VET.UN) increased their monthly distribution by 12% to 19 cents/unit.

12.Agnico Eagle Mines (AEM) increased their annual dividend by 50% to 18 cents/share.

13.Fortis (FTS) increased their quarterly dividend by 19% to 25 cents/share.

14.Westshore Terminals Income Fund (WTE.UN) increased they quarterly distribution by 24% to 36 cents/share.


MG (moneygardener) said...

I really think that the percentage amount of a dividend increase is so indicative of things to come, earnings wise. In investing there are really very few tools that allow us to look into the future with any accuracy. I believe dividend increases are the closest thing to a crystal ball that a company can offer an investor.

On that note, perhaps the better Canadian banks like BNS, TD, and RY will see earnings growth slow down to the single digit level of anywhere between 5% - 8% in the coming two years.


Some excellent divisends.