Dividend and distribution hikes (2017)

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Peculiar_Investor
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Re: Dividend and distribution hikes (2017)

Post by Peculiar_Investor »

Missed this one last week, Cisco Reports Second Quarter Earnings
Cisco has also declared a quarterly dividend of $0.29 per common share, a three-cent increase over the previous quarter's dividend, to be paid on April 26, 2017 to all shareholders of record as of the close of business on April 6, 2017. Future dividends will be subject to Board approval.
Who'd have thunk it that tech companies would become dividend growth companies, with a 3.4% current dividend yield.

Is this name attracting the dividend growth investing crowd? Why not? What's holding you back?
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Re: Dividend and distribution hikes (2017)

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CIBC Increases Dividends
t its Board of Directors declared a dividend of $1.27 per share on common shares for the quarter ending April 30, 2017, an increase of three cents from the previous quarter.
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Re: Dividend and distribution hikes (2017)

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Add Stantec to the list, Stantec ends 2016 with 49.5% increase in gross revenue and announces 11% dividend increase
On February 22, 2017, Stantec declared a cash dividend of $0.125 per share--an increase of 11.1% over last quarter--payable on April 13, 2017, to shareholders of record on March 31, 2017.
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Re: Dividend and distribution hikes (2017)

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CCL Industries Inc. (TSX: CCL.A) increases dividend by 15%
Given the Company's strong financial performance in 2016, outlook and expected strong free cash flow for 2017, the Board of Directors declared a 15% increase in the dividend to $0.575 per Class B non-voting share and $0.5625 per Class A voting share dividend, payable to shareholders of record at the close of business on March 17, 2017, to be paid on March 31, 2017.
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Re: Dividend and distribution hikes (2017)

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CIBC Increases Dividends
CIBC (TSX: CM; NYSE: CM) announced today that its Board of Directors declared a dividend of $1.27 per share on common shares for the quarter ending April 30, 2017, an increase of three cents from the previous quarter. This dividend is payable on April 28, 2017 to shareholders of record at the close of business on March 28, 2017.
I make that to be a 2.42% increase.
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Re: Dividend and distribution hikes (2017)

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OnlyMyOpinion wrote:CIBC Increases Dividends
CIBC (TSX: CM; NYSE: CM) announced today that its Board of Directors declared a dividend of $1.27 per share on common shares for the quarter ending April 30, 2017, an increase of three cents from the previous quarter. This dividend is payable on April 28, 2017 to shareholders of record at the close of business on March 28, 2017.
I make that to be a 2.42% increase.
CIBC increases its dividend several times a year - almost every quarter since early 2014 (3 in 2016). The comparable payment in April 2016 was $1.18. The annual increase is thus 7.6%. 5-year compound rate 7.1%.
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Re: Dividend and distribution hikes (2017)

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Gildan Activewear increases dividend 20%
The Board of Directors has approved a 20% increase in the amount of the current quarterly dividend and has declared a cash dividend of $0.0935 per share, payable on April 3, 2017 to shareholders of record on March 9, 2017.
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Re: Dividend and distribution hikes (2017)

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Innergex reports its year-end 2016 results
Board of Directors declares a dividend increase of $0.02 to $0.66 per common share on an annual basis
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Re: Dividend and distribution hikes (2017)

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Chartwell Retirement Residences (TSX: CSH.UN) increases distribution by 2.5%
Chartwell announced today its third consecutive annual increase in monthly distributions. Monthly cash distributions will increase by 2.5% from $0.046818 per unit ($0.561816 on an annualized basis) to $0.048 per unit ($0.5760 on an annualized basis) effective for the March 31, 2017 distribution payable on April 17, 2017.
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Re: Dividend and distribution hikes (2017)

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Re: Dividend and distribution hikes (2017)

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JaydoubleU wrote:Royal Bank, RY, 0.83 to 0.87

http://www.theglobeandmail.com/globe-in ... slug=C4152

Nice!
Or over the full year, 7.4% from 0.81 last April! 5-year compound rate of 8.8%.
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Re: Dividend and distribution hikes (2017)

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A bit off-topic...

I am a bit surprised that neither CM or RY have announced a stock split. If such were performed by CM, it would have been a "psychological" positive since all of the other big six have split if not twice at least once since CM last split (which was in 1997). Is the ongoing trend to have share price float higher before a split? Perhaps with computers and the internet a "reasonable price" for a "board lot" of shares no longer applies?
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Re: Dividend and distribution hikes (2017)

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I am a bit surprised that neither CM or RY have announced a stock split.
I was thinking the same thing, especially for CIBC that touched $120.
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Re: Dividend and distribution hikes (2017)

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JaydoubleU wrote:I was thinking the same thing, especially for CIBC that touched $120.
I think that is becoming more and more of a red herring. The majority of investors that are likely responsible for 95-99% of the volume probably don't care much. Prem Watsa doesn't seem to mind having circa $700 stock.
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Re: Dividend and distribution hikes (2017)

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I seem to remember us having this same conversation about a lack of split from CM back in 2007? 2008?
Maybe it was earlier then that just before they had another appearance of their FUF (F Up Fairy)
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Re: Dividend and distribution hikes (2017)

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brad911 wrote:I seem to remember us having this same conversation about a lack of split from CM back in 2007? 2008?
Maybe it was earlier then that just before they had another appearance of their FUF (F Up Fairy)
Scomac?
Seems about right. I don't recall when CM last did a split.

You used to be able to set your watch on RY splitting when they got to $75/share, but I doubt that the reasoning of the past matters much anymore with the ease of filling part lots.
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Re: Dividend and distribution hikes (2017)

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I doubt that the reasoning of the past matters much anymore with the ease of filling part lots.
You might have hit the nail on the head right there. What with the internet and ease of trading for as little as $6.95 a trade (or less?), investors can buy odd lots for a few bucks at the press of a button. Not like the old days when you phoned up your broker and then later paid the $100+ fee. Didn't stocks also used to be priced in fractions? Digitalization and the internet have changed the game. Would a lower nominal price encourage more trading? Maybe not, but then there's no logical reason why a stock should tend to rise following a split, and yet it does.
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Re: Dividend and distribution hikes (2017)

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brad911 wrote:I seem to remember us having this same conversation about a lack of split from CM back in 2007? 2008?
Maybe it was earlier then that just before they had another appearance of their FUF (F Up Fairy)
Scomac?
And that is why, in my mind, they should split!!!
Their last split was in 1997, and they do have a reputation for attracting the "FUF". Why not put that all behind them, at least symbolically with a split?
There is nothing like a solid and resounding "So can we!"
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Re: Dividend and distribution hikes (2017)

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Not to digress too far from the thread, but a share split by CM or RY would also bump share purchases made under DRIPs in some cases.
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Re: Dividend and distribution hikes (2017)

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Further to the discussion on stock splits, CCL Industries just announced plans for a 5-for-1 split. It's stock currently trades at around $300. According to the CEO, the reason for the split is "We believe that the stock split and the resulting increase in the number of shares outstanding will encourage greater market liquidity and wider distribution of its shares among a broader investor base."
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Re: Dividend and distribution hikes (2017)

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Canadian Apartment Properties REIT (TSX:CAR.UN) increases distribution 2.4%
Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today that its Board of Trustees had approved a 2.4% increase in monthly cash distributions to $0.1067 per Unit, or $1.28 per Unit on an annualized basis. The increase effective with the March 2017 distribution payable on April 17, 2017 to Unitholders of record as at March 31, 2017.
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Re: Dividend and distribution hikes (2017)

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Scotia - (BNS)

2 cents
First Quarter Highlights (versus Q1, 2016)

Net income of $2,009 million, compared to $1,814 million
Earnings per share (diluted) of $1.57 compared to $1.43
ROE of 14.3%, compared to 13.8%
Quarterly dividend increase of 2 cents per common share to 76 cents
http://www.theglobeandmail.com/feeds/pr ... PR_C2616-1
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Re: Dividend and distribution hikes (2017)

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First National Financial increases dividend by 9%
First National's Board of Directors today increased the common share dividend to the annual equivalent of $1.85 per share, a 9% increase over the current annualized rate of $1.70 per share, effective with the dividend to be paid on April 17, 2017.
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Re: Dividend and distribution hikes (2017)

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Pattern Energy PEG/PEGI

small, but they come every quarter:
Quarterly Dividend

Pattern Energy declared an increased dividend for the first quarter 2017, payable on April 28, 2017, to holders of record on March 31, 2017 in the amount of $0.41375 per Class A common share, which represents $1.655 on an annualized basis. This is a 1.4% increase from the fourth quarter 2016 dividend of $0.408.
http://www.theglobeandmail.com/globe-in ... slug=C4936
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