Dividend and distribution hikes - 2008
Dividend and distribution hikes - 2008
Rentcash (RCS) declared a quarterly cash dividend of $0.025
- bubbalouie
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Corus Entertainment (TSX:CJR.A, CJR.B) hikes dividend 20%
...the dividend on an annual basis for Class A and Class B shares will be $1.19 and $1.20, respectively.
Marsh & McLennan increases its quarterly dividend from 19 cents to 20 cents.
Doesn't sound like much, but they were (unoficially) a member of the Dividend Aristocrats, for increasing their dividend every year since becoming public in the early 60's until a few years ago, when former NY Attorney General Mr. Spitzer took its former CEO and founder Hank Greenberg in his crosshairs and tried to create a Conrad Black out of him. The case is still not resolved, but in the meantime they had to cut the dividend in half a few years ago, they fired the founder and took other drastic measures.
They used to be (still are?) the biggest insurance broker in the world, followed by AON Corporation. In a strange twist, #3 or #4 broker, Willis Group is now trying to buy Marsh.
I am short puts on Marsh (i.e. bullish).
Doesn't sound like much, but they were (unoficially) a member of the Dividend Aristocrats, for increasing their dividend every year since becoming public in the early 60's until a few years ago, when former NY Attorney General Mr. Spitzer took its former CEO and founder Hank Greenberg in his crosshairs and tried to create a Conrad Black out of him. The case is still not resolved, but in the meantime they had to cut the dividend in half a few years ago, they fired the founder and took other drastic measures.
They used to be (still are?) the biggest insurance broker in the world, followed by AON Corporation. In a strange twist, #3 or #4 broker, Willis Group is now trying to buy Marsh.
I am short puts on Marsh (i.e. bullish).
Emera.........Annual dividend up from 91 to 95 cents.
HALIFAX, Jan. 17 /CNW/ - The Board of Directors of Emera Inc. today approved an increase in the annual common share dividend rate to $0.95 from $0.91 per common share. "The board has decided to increase Emera's annual dividend for the second time in six months," said Chris Huskilson, President and Chief Executive Officer of Emera Inc. "Progress in the second half of 2007 including the start of construction of the Brunswick Pipeline, completion of the Northeast Reliability Interconnect (NRI) transmission line and Bear Swamp's growing contribution to earnings have contributed to the board's confidence in the sustainability of earnings."
HALIFAX, Jan. 17 /CNW/ - The Board of Directors of Emera Inc. today approved an increase in the annual common share dividend rate to $0.95 from $0.91 per common share. "The board has decided to increase Emera's annual dividend for the second time in six months," said Chris Huskilson, President and Chief Executive Officer of Emera Inc. "Progress in the second half of 2007 including the start of construction of the Brunswick Pipeline, completion of the Northeast Reliability Interconnect (NRI) transmission line and Bear Swamp's growing contribution to earnings have contributed to the board's confidence in the sustainability of earnings."
ATCO too:
CALGARY, ALBERTA--(Marketwire - Jan. 17, 2008) - The Board of Directors of ATCO Ltd. today declared a first quarter dividend of 23.5 cents per Class I Non-Voting and Class II Voting share, a 6.8% increase over the 22.0 cents paid in each of the previous four quarters. The dividend is payable March 31, 2008, to shareholders of record on March 12, 2008.
CALGARY, ALBERTA--(Marketwire - Jan. 17, 2008) - The Board of Directors of ATCO Ltd. today declared a first quarter dividend of 23.5 cents per Class I Non-Voting and Class II Voting share, a 6.8% increase over the 22.0 cents paid in each of the previous four quarters. The dividend is payable March 31, 2008, to shareholders of record on March 12, 2008.
- Shakespeare
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Actually, I was expecting a little more, given the historical trend, however, in a tough environment with a recession looming, I am very pleased with 10%.
Perhaps this tidbit doesn't belong here, but Wachovia didn't CUT their dividend, and the CEO announced they had no plans to. I consider this a massive dividend hike!
Perhaps this tidbit doesn't belong here, but Wachovia didn't CUT their dividend, and the CEO announced they had no plans to. I consider this a massive dividend hike!
Brookfield Real Estate Services Fund...................(BRE.UN) Annual distribution increased from $1.20 to $1.25
Innergex Power Income Fund ... (IEF.UN) Annual distribution increased from $0.97 to $1.00
Macquarie Power & Infrastructure Income Fund...........(MPT.UN) Annual distribution increased from $1.03 to $1.05
Innergex Power Income Fund ... (IEF.UN) Annual distribution increased from $0.97 to $1.00
Macquarie Power & Infrastructure Income Fund...........(MPT.UN) Annual distribution increased from $1.03 to $1.05
- Shakespeare
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Canadian Oil Sands Trust (COS.UN) raised their quarterly distribution from $0.55 to $0.75 (has nearly doubled in six months as it was $0.40 in August). Yield is now 7.89% based on today's closing price of $38.00.
http://www.newswire.ca/en/releases/arch ... c3948.html
http://www.newswire.ca/en/releases/arch ... c3948.html
Addenda Capital raised its quarterly dividend from $0.33 to $0.34. Yield is now 6.5%
http://www.addenda-capital.com/publicat ... News45.PDF
http://www.addenda-capital.com/publicat ... News45.PDF
- investor99
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Addenda Capital Inc..........(ADV) Annual dividend increased from $1.32 to $1.36
Cdn Oil Sand Income Fund..(COS.UN) Annual distribution increased from $2.20 to $3.00
Foremost Income Fund......(FMO.UN) Annual distribution decreased from $1.60 to $1.00
Loring Ward Intnational.......(LW) Annual dividend increased from $0.28 to $0.48
Metro Inc..................(MRU.A) Annual dividend increased from $0.46 to $0.50
TransCanada Corporation......(TRP) Annual dividend increased from $1.36 to $1.44
Cdn Oil Sand Income Fund..(COS.UN) Annual distribution increased from $2.20 to $3.00
Foremost Income Fund......(FMO.UN) Annual distribution decreased from $1.60 to $1.00
Loring Ward Intnational.......(LW) Annual dividend increased from $0.28 to $0.48
Metro Inc..................(MRU.A) Annual dividend increased from $0.46 to $0.50
TransCanada Corporation......(TRP) Annual dividend increased from $1.36 to $1.44
Shoppers Drug Mart Corporation (TSX:SC) announces annual dividend increased by 34.4% to $0.86 per share, payable Apr 15/08 to shareholders of record as of the close of business on Mar 31/08.
- Bylo Selhi
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