Friday, January 26, 2018

Canadian Dividend Increases (January 22 - 26, 2018)

This is a weekly post on Canadian stocks that have dividend increases. Companies that pay rising dividends are likely to be financially healthy and generate consistent cash flow.


Canadian National Railway (CNR) , +10.3% dividend increase

Canadian National Railway has declared quarterly dividend of C$0.4550 (+10.3030% increase). It goes ex-dividend on 2018-03-07 and is payable on 2018-03-29. Annualized dividend is C$1.82 at a yield of 1.8646%.


Mullen Group  (MTL) , +66.67% dividend increase

Mullen Group  has declared monthly dividend of C$0.0500 (+66.6667% increase). It goes ex-dividend on 2018-01-30 and is payable on 2018-02-15. Annualized dividend is C$0.60 at a yield of 3.9396%.








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9 comments:

  1. FrankieJanuary 26, 2018 at 7:28 PM

    Monthly dividends sound fantastic from MTL - with the announced increase in dividends, do they have to commit to this higher monthly dividend for all of the 12 months? I'd imagine there would be too much uncertainty for investors in the annual dividend otherwise?

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    1. dividendgeekJanuary 27, 2018 at 6:27 PM

      Totally agree. MTL is definitely not a dividend growth stock. They don't even have a single year of dividend increases. they have been 3 years of dividend payment. Payout ratio of 80% is high. Only reason to buy is for yield.

      Delete
  2. Dividend DiplomatsJanuary 26, 2018 at 8:17 PM

    Div Geek -

    Love the increases. Norfolk (NSC) had a juice 18% div increase this month also, was loving that for sure!

    -Lanny

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    1. dividendgeekJanuary 27, 2018 at 6:20 PM

      Sure did. NSC has 8 Years of consecutive dividend increases. Does not meet my 10 year requirement. Still good increase.

      Delete
  3. PassivecanadianJanuary 27, 2018 at 7:49 AM

    Nice post geek. Wanted to share it on my facebook/twitter but you got no sharing icons. Hahaha
    Cheers!

    ReplyDelete
    Replies
    1. PassivecanadianJanuary 27, 2018 at 7:50 AM

      Opps see em on web version shared!

      Delete
    2. dividendgeekJanuary 27, 2018 at 6:17 PM

      Thanks PCI. Fixed the mobile share buttons. Should be available.

      Delete
  4. The Dividend KarmaJanuary 27, 2018 at 2:16 PM

    Nice Post DG. I don't own any. Recently I have been buying Utility and REITs lately and I think I will continue to buy those sectors before moving on to anything else. Will see. I like CNR and have been eyeing on it for some time but haven't pulled trigger on it yet.

    Good Luck.
    TDK

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    Replies
    1. dividendgeekJanuary 27, 2018 at 6:19 PM

      Thanks TDK. This post is about dividend increases in TSE. Please check out my post on dividend increases in US stock market. https://goo.gl/ik5Nu6

      Delete

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