Dividend and distribution hikes (2018)

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Re: Dividend and distribution hikes (2018)

Post by Peculiar_Investor »

ockham wrote: 21 Feb 2018 10:37 The new Nutrien (NTR) increases quarterly div by 27% to .40 USD.

https://www.theglobeandmail.com/globe-i ... slug=C2718

P.S. On reading the announcement more carefully, I see it's "a 27% increase from its legacy companies combined payout level". As the holder of shares in the legacy Agrium, I calculate the increase for former Agrium shareholders as being not quite 2%!!
This almost belongs in the Outstanding Financial Porn topic. Shame on Nutrien's Investor Relations team. :evil:

The company's press release, Nutrien Declares Quarterly Dividend of US$0.40 per Share and Announces Intention to Commence Normal Course Issuer Bid | Nutrien
Nutrien Ltd. (Nutrien) announced today that its Board of Directors has declared a quarterly dividend of US$0.40 per common share payable on April 20, 2018 to shareholders of record on March 29, 2018. The dividend represents a 27 percent increase from its legacy companies combined payout level. Nutrien will target a stable and growing dividend that represents 40 to 60 percent of free cash flow after sustaining capital through the cycle.
They carefully don't say the dividend itself is increasing 27%, only the legacy companies combined payout level, which they then define. But look at the definition
Nutrien wrote:40 to 60 percent of free cash flow after sustaining capital through the cycle.
Has anyone ever seen this type of definition? In my experience payout ratio is generally defined as some percentage of the previous year's earnings per share. Dividend Payout Ratio: How To Use & Calculate It
Dividend.com wrote:Payout Ratio Basics
The dividend payout ratio is used to examine if a company’s earnings can support the current dividend payment amount. The statistic is simple to compute, calculated by taking the dividend and dividing it by the company’s earnings per share.

Dividend Payout Ratio = Dividend per share (DPS) / Earnings per share (EPS)
From Dividend.com,
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Re: Dividend and distribution hikes (2018)

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INE (Innergex) to 68 cents annually.

https://ca.finance.yahoo.com/news/inner ... 00783.html
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Re: Dividend and distribution hikes (2018)

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Hakuna Matata
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Re: Dividend and distribution hikes (2018)

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CIBC (CM), first of the banks to report: 1.30-->>1.33

https://www.theglobeandmail.com/globe-i ... slug=C6218
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Re: Dividend and distribution hikes (2018)

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Stantec (TSX; NYSE: STN) reports fourth quarter and year-end 2017 results, dividend increase, and appointment of new director
...cash dividend of $0.1375 per share, payable on April 12, 2018, to shareholders of record on March 29, 2018, an increase of 10.0% over last year.
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Re: Dividend and distribution hikes (2018)

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Re: Dividend and distribution hikes (2018)

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CCL Industries increases 13%.
You have to wade through CCL's 4th quarter press release to find any mention of a dividend increase.
With a strong free cash flow outlook for 2018, the Board of Directors declared a 13.0%
increase in the quarterly dividend to $0.13 per Class B non-voting share and $0.1275 per Class
A voting share, payable to shareholders of record at the close of business on March 16, 2018,
to be paid on March 30, 2018.
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Re: Dividend and distribution hikes (2018)

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It has been a good day for dividend hikes, add Gildan Activewear Reports Fourth Quarter and Full Year 2017 Earnings at Top End of Guidance Range and Provides Outlook for 2018 NYSE:GIL
The Board of Directors has approved a 20% increase in the amount of the current quarterly dividend and has declared a cash dividend of $0.112 per share, payable on April 2, 2018 to shareholders of record on March 8, 2018. This dividend is an “eligible dividend” for the purposes of the Income Tax Act (Canada) and any other applicable provincial legislation pertaining to eligible dividends. This is the Company's sixth consecutive annual 20% increase in the quarterly dividend since inception of the dividend.

The Company announced that it had received approval from the Toronto Stock Exchange (TSX) for a new normal course issuer bid (NCIB) commencing on February 27, 2018 to purchase for cancellation up to 10,960,391 common shares, representing approximately 5% of the Company’s issued and outstanding common shares. As of February 16, 2018, the Company had 219,207,838 common shares issued and outstanding.
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Re: Dividend and distribution hikes (2018)

Post by Peculiar_Investor »

One more to report, Toromont Announces 2017 Results and Increase in Quarterly Dividend Toronto Stock Exchange:TIH
Considering the Company’s solid financial position and positive long-term outlook, the Board of Directors today increased the quarterly dividend by 21% to 23 cents per share. The next dividend is payable April 2, 2018 to shareholders of record at the close of business on March 9, 2018. Toromont has paid dividends every year since 1968 and this is the 29th consecutive year of dividend increases.
As a longtime shareholder, thank you for the 21% raise and the long history of increases.

Although the dividend yield (1.7% or so) doesn't attract attention, the long history of increases certainly should at least put this one on the edge of the radar screen for dividend growth investors.

This is my type of dividend growth company, solid and reasonable fundamentals and a good history of rewarding their shareholders. Further company specific discussion can be found in Toromont (Symbol-TIH).
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Re: Dividend and distribution hikes (2018)

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Chartwell Retirement Residences (TSX: CSH.UN) increases dividend by 2.1%.
Chartwell announced today its fourth consecutive annual increase in monthly distributions. Monthly cash distributions will increase by 2.1% from $0.048 per unit ($0.5760 on an annualized basis) to $0.049 per unit ($0.5880 on an annualized basis) effective for the March 31, 2018 distribution payable on April 16, 2018.
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Re: Dividend and distribution hikes (2018)

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Re: Dividend and distribution hikes (2018)

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This one got misses on February 20th, Genuine Parts Company Marks 62nd Consecutive Year Of Increased Dividends And Announces Officer
Genuine Parts Company (NYSE: GPC) announced today a 7% increase in the regular quarterly cash dividend for 2018. The Board of Directors of the Company, at its February 19, 2018 Board meeting, increased the cash dividend payable to an annual rate of $2.88 per share compared with the previous dividend of $2.70 per share. The quarterly cash dividend of seventy-two cents ($0.72) per share is payable April 2, 2018 to shareholders of record March 9, 2018. GPC has paid a cash dividend every year since going public in 1948, and 2018 marks the 62nd consecutive year of increased dividends paid to shareholders.
I've had this company on my watchlist for a number of years, but valuations have never reached a point that has provided enough margin of safety for me to consider purchasing.
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Re: Dividend and distribution hikes (2018)

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SNC AS WELL

In the press release, Snc announced a 5.1% increase to its quarterly dividend to $0.287 per share, and the first payment at the increased rate is payable on March 22 to shareholders of record on March 8.

https://ca.finance.yahoo.com/news/why-s ... 21631.html
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
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Re: Dividend and distribution hikes (2018)

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The Coca-Cola Company (NYSE: KO)
ATLANTA, Feb. 15, 2018 – The Board of Directors of The Coca-Cola Company today approved the company's 56th consecutive annual dividend increase, raising the quarterly dividend 5.4 percent, from 37 cents to 39 cents per common share.
This is equivalent to an annual dividend of $1.56 per share, up from $1.48 per share in 2017.
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Re: Dividend and distribution hikes (2018)

Post by madelinot »

BNS increases :- Dividend No. 595 of $0.82 per share; an increase of 3 cents
from the previous quarter
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Re: Dividend and distribution hikes (2018)

Post by cardhu »

Ockham wrote:The new Nutrien (NTR) increases quarterly div by 27% …
The vast majority of which flows to former POT owners … for former AGU owners, it’s pretty much business as usual.

P_I wrote:This almost belongs in the Outstanding Financial Porn topic.
They carefully don't say the dividend itself is increasing 27%, only the legacy companies combined payout.
You misunderstood the release … 27% refers to the increase in the number of pennies per share that they are paying out.

Nutrien has never before issued any dividends … they could, I suppose, say that they are introducing an initial dividend where none existed previously, but that would be misleading as hell … every share of NTR arose out of old shares of POT or AGU, and those companies did pay dividends, so the logical frame of reference would seem to be the legacy companies combined payout … which is what they did.
P_I wrote:look at the definition
Nutrien wrote:40 to 60 percent of free cash flow after sustaining capital through the cycle.
That’s not “the definition” … it’s a comment
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Re: Dividend and distribution hikes (2018)

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cardhu wrote: 01 Mar 2018 00:08 You misunderstood the release … 27% refers to the increase in the number of pennies per share that they are paying out.
I read and think I understood the release. Please show your math.
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Re: Dividend and distribution hikes (2018)

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TD Bank Group (TSX,NYSE: TD) Declares Dividends
...today announced that a dividend in an amount of sixty-seven cents (67 cents) per fully paid common share in the capital stock of the Bank has been declared for the quarter ending April 30, 2018, payable on and after April 30, 2018, to shareholders of record at the close of business on April 10, 2018. This represents an increase in the quarterly dividend of seven cents or 11.7% compared with last quarter.
Last edited by kjmcrae on 01 Mar 2018 07:07, edited 1 time in total.
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Re: Dividend and distribution hikes (2018)

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Vermilion Energy Inc. (TSX,NYSE: VET) Announces Results for the Three Months and Year Ended December 31, 2017
...a 7% increase to the monthly dividend to $0.23 per share from $0.215 per share, effective with the April 2018 dividend to be paid on May 15, 2018.
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Re: Dividend and distribution hikes (2018)

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Looks like CNQ as well. $0.335/share payable Apr 1 to shareholders on record on Mar 16. previous dic was $0.275

https://www.cnrl.com/upload/media_eleme ... vidend.pdf
Last edited by rharvey199 on 01 Mar 2018 07:47, edited 1 time in total.
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Re: Dividend and distribution hikes (2018)

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HSE : Declares a dividend for the first time in a few years :CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Husky Energy (TSX:HSE) has declared a quarterly dividend of $0.075 (Cdn) per common share for the three-month period ended December 31, 2017.
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Re: Dividend and distribution hikes (2018)

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Best Buy (NYSE: BBY) Reports Better-than-Expected Fourth Quarter Results
...a 32% increase in the regular quarterly dividend to $0.45 per share, effective immediately... The regular quarterly dividend will be payable on April 12, 2018 to shareholders of record as of the close of business on March 22, 2018.
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Re: Dividend and distribution hikes (2018)

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Equitable Group Reports Fourth Quarter and 2017 Earnings, Increases Dividend
This represents 13% increase over dividends declared in February 2017 and a 4% increase over the dividend declared in November 2017.
Down over 5% today. :(
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Re: Dividend and distribution hikes (2018)

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Re: Dividend and distribution hikes (2018)

Post by Peculiar_Investor »

How about an initial dividend announcement, Tourmaline Grows 2017 Cash Flow by 65%, Delivers Earnings of $346.8 Million, and Announces
Company press release wrote:INTRODUCTION OF DIVIDEND

Tourmaline will proceed with the implementation of its previously-announced dividend program. The first quarterly dividend of $0.08/common share will be paid on March 29, 2018 to shareholders of record at the close of business on March 14, 2018. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
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