Dividend and distribution hikes - 2008

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Springbok
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Brompton Funds

Post by Springbok »

AOG.UN - one of those ROC funds that some here love to hate.

Owns a group of O&G trusts that have benefited from current energy increases and in particular gas.

It has done quite nicely for us with 40% CG since purchase in fall of 2007 and ~13% pa yield on cash invested.

It has just announced a distribution increase to yield about 9% at current price - 100% ROC.

There has also been a reorganization that will help when trusts start to transition to other entities. See Brompton website for more info.

The sister fund OGF.UN which is not structured to pay ROC has done equally well.



Brompton Announces Distribution Increases on Its Oil & Gas Funds

TORONTO, ONTARIO, Jun 09, 2008 (MARKET WIRE via COMTEX News Network) --

Brompton Funds Management Limited is pleased to announce an increase in the monthly distribution rates for Brompton Advantaged Equal Weight Oil & Gas Income Fund (TSX: AOG.UN) and Brompton Equal Weight Oil & Gas Income Fund (TSX: OGF.UN) to $0.06 per month and $0.07 per month, respectively. The increase in distribution rates above the amount previously declared is due to higher income earned on the investment portfolio and pursuant to unitholder approval of the extraordinary resolution to re-organize the funds.

The revised distributions will be paid on July 15, 2008 to unitholders of record at the close of business on June 30, 2008.

For additional information, including the Funds' portfolios, please visit our website at www.bromptongroup.com.
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brad911
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Post by brad911 »

Empire (EMP.A) raises quarterly dividend 6% to $0.175/sh from $0.165/sh

(This sure has been a quiet thread lately)
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scomac
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Post by scomac »

brad911 wrote: (This sure has been a quiet thread lately)
You can sure say that again! What a difference a year makes, eh? :P
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Post by sydney2 »

Arc Energy Trust raises distributions from .20 per unit to .28 per unit.
Total payout from $2.40 to $3.36. Starts Aug 15th.
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Post by sydney2 »

My mistaker. Arc was already at .24 and went to .28.
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Mike Schimek
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Post by Mike Schimek »

Maybe someone can help me on this when it comes to dividend hikes, using Arc Energy as an example (up 7.5% today)

Arc Energy rose more than its peers by far, clearly because of the dividend hike.

In my tiny mind, nothing has changed between yesterday and today that will cause Arc to be making more money; the only difference is that they will be giving more of the money they make to shareholders instead of re-investing it.

Is there truly that much more value attributed to profits being paid out to shareholders (and taxed as dividends) as opposed to being re-invested in the business?

Mike
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Post by gyrfalcon »

scomac wrote:
brad911 wrote: (This sure has been a quiet thread lately)
You can sure say that again! What a difference a year makes, eh? :P
-------------------------------------------------------
On June 4, 2008, CWB’s Board of Directors declared a cash dividend of $0.11 per common share, payable on July 3, 2008 to shareholders of record on June 19, 2008. This quarterly dividend represents a 10% increase over the previous quarterly dividend and is 22% higher than the quarterly dividend declared one year ago.

http://www.cwbankgroup.com/press%5Freleases/
-------------------------------------------------------

Same old same old. :D
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Post by Operabob »

In my tiny mind, nothing has changed between yesterday and today that will cause Arc to be making more money; the only difference is that they will be giving more of the money they make to shareholders instead of re-investing it.
If at some point in the end if you don't get money from the company why would you invest in it?

If all they ever did was reinvest earnings there's no chance of you recouping your investment.

The thought on growth companies not paying dividends is that eventually they will give money back to investors. If the potential to pay more back is growing fast they go up in price. Why would you want to bid a company up in price that potentially wants to keep all the money they earn?

OB

OB
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Post by JaydoubleU »

Shaw Announces 11% Increase in Dividends to $0.80 Per Annum

CALGARY, ALBERTA--(Marketwire - June 27, 2008) - Shaw Communications Inc. (TSX:SJR.B) (NYSE:SJR) ("Shaw") announced today that its Board of Directors has increased the equivalent annual dividend rate to $0.80 on Shaw's Class B Non-Voting Participating Shares and $0.7975 on Shaw's Class A Participating Shares. This represents an increase of 11% or $0.08 per share. Shaw's dividends are declared and paid on a monthly basis and this increase will commence September 29, 2008.

:D
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Mike Schimek
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Post by Mike Schimek »

"If at some point in the end if you don't get money from the company why would you invest in it?

If all they ever did was reinvest earnings there's no chance of you recouping your investment.

The thought on growth companies not paying dividends is that eventually they will give money back to investors. If the potential to pay more back is growing fast they go up in price. Why would you want to bid a company up in price that potentially wants to keep all the money they earn?"

- The logic above makes sense, and I definitely used to subscribe to that thinking, but there are many companies that have never paid out a dividend which have done very well by reinvesting their profits (take Microsoft or Berkshire Hathaway for instance)...

It's really interesting. I own Petro Canada and it is one of the lowest dividend payers in the big oil companies (it is reinvesting nearly all its profits), but it is also the most profitable one on a price/earnings ratio. I'm betting that over the long term it will have been a better investment than its less profitable peers, and that the dollar it earns vs the dollar one of its peers earns will eventually be worth just as much.

Mike
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Post by Operabob »

Mike,

Of course I'm agreeing with you so don't read this as if I'm contradicting you but MicroSoft now pays a dividend and people are counting on all those stored billions while Berkshire though not paying a dividend invests heavily in companies that do.

There has to be an expectation of payout at some point and that's what people are counting on as they continually purchase companies like Berkshire (or MicroSoft) driving the prices up. Companies are formed to fold. though it might not be in our lifetime.

OB

BTW: Can you name the oldest company in the world still dealing in it's original product?
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Post by Operabob »

PS: We should move this discussion to another thread if we want to cary it on.

OB
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Post by investor99 »

Wells Fargo also increased its quarterly dividend 10 percent to 34 cents a share.
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PCA divvy up by 54%

Post by scampbell »

Petro-Canada Increases Quarterly Dividend By 54%

21:33 EDT Wednesday, July 23, 2008

CALGARY, ALBERTA--(Marketwire - July 23, 2008) - Petro-Canada today declared a quarterly dividend of $0.20 per share on the Company's outstanding common shares - a 54% increase compared with the $0.13 per share dividend declared in April 2008. The increased dividend will be payable on October 1, 2008 to shareholders of record at the close of business on September 3, 2008.
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Post by JaydoubleU »

Not to be outdone!

Husky Energy Announces 2008 Second Quarter Dividend

- Husky Energy Inc. (TSX:HSE) announced today that the Board of Directors has approved a 25 percent increase in the Company's quarterly dividend to $0.50 from $0.40 (Canadian) per share on its common shares for the three-month period ended June 30, 2008. The dividend will be payable on October 1, 2008 to shareholders of record at the close of business on August 22, 2008.
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Post by IdOp »

Industrial Alliance Publishes its Results for the Second Quarter of 2008 and Announces a 9% Increase in its Dividend
IAG wrote:... announce a $0.02 increase per common share in the quarterly dividend, up to $0.245 per common share. This is a 9% increase compared to the dividend paid out in the previous quarter and 22.5% higher than the one paid out a year ago.
Disclosure: I have some.
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Post by Shakespeare »

GWO, up 5% to $0.3075. Finally something I own....
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Post by 72offsuit »

Canadian Oil Sands Trust, again. From $1 to $1.25. Yield on today's close is 9.6%.

http://www.globeinvestor.com/servlet/st ... 2/GIStory/
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Post by JaydoubleU »

IGM just raised by about 5%, from 48.75/quarter to 51.25.

Lovin' it :D
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Post by scomac »

GWO, up 5% to $0.3075.
IGM just raised by about 5%, from 48.75/quarter to 51.25.
I predict that PWF will raise their dividend by 5% next quarter. :)
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
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Post by JaydoubleU »

I predict that PWF will raise their dividend by 5% next quarter.
I'll go out on a limb and say 7~8%, thanks to the dividend stream from the Pargesa holdings, where growth has been strong.
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Post by brad911 »

I'll fish in Scott's boat on this one; 5%

The reason being that I think Power is shopping at the moment with all this carnage and stalking a fair size acquisition.
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Post by Arby »

Pembina Pipelines Income Fund increases distribution by 8.3%
CALGARY, July 30 /CNW/ - Pembina Pipeline Income Fund ("Pembina" or the "Fund" TSX: PIF.UN) is pleased to announce an increase in its monthly distribution rate to 13 cents per Trust Unit, or $1.56 per Trust Unit on an annualized basis, effective with the distribution to be paid September 15, 2008 to Unitholders of record on August 31, 2008. This represents an 8.3 percent increase over the previous monthly rate of 12 cents per Trust Unit...
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Post by investor99 »

Brad, on your last IGM purchase you were buying it at a yield of about 5.4% :)
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Post by Nemo2 »

"The best time to plant an Oak tree was twenty five years ago. The second best time is now."

This has always puzzled me........wouldn't the second best time have been, say, twenty four years and eleven months ago? :?
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