Dividend and Distribution Hikes - 2010

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Re: Dividend and Distribution Hikes - 2010

Postby Taggart » 05 Nov 2010 05:56

You wouldn't think it from the news release The company declared its regular quarterly dividend of $0.1375 per common share.

but.....

It is a dividend increase for their regular dividend as you can see at Yahoo.

Not only that, but every autumn since 2007, they've been giving shareholders what appears to be a "special" dividend.

Unfortunately, I'm not a shareholder. :cry:
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Re: Dividend and Distribution Hikes - 2010

Postby ThinkDividends » 05 Nov 2010 08:10

TELUS declared a quarterly dividend of $0.525 per share.

This quarterly dividend represents a 5% increase from the previous quarterly dividend $0.50.
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Re: Dividend and Distribution Hikes - 2010

Postby Peculiar_Investor » 05 Nov 2010 08:29

ThinkDividends wrote:TELUS declared a quarterly dividend of $0.525 per share.

This quarterly dividend represents a 5% increase from the previous quarterly dividend $0.50.

Telus has also made a change to their DRIP program and have taken away the 3% discount they had been offering, from http://about.telus.com/investors/en/inv ... older.html
TELUS will begin open market purchases of TELUS non-voting shares and there will be no discount (previously three per cent) on the purchase price of plan shares.
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Re: Dividend and Distribution Hikes - 2010

Postby ThinkDividends » 05 Nov 2010 09:09

Taggart wrote:The company declared its regular quarterly dividend of $0.1375 per common share.



Gluskin Sheff + Associates Inc. (GS) increases dividend to $0.1375 from $0.125 (10% increase).

These guys should hire a better Investor Relations Team as their communication to shareholders is very poor.
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Re: Dividend and Distribution Hikes - 2010

Postby Peculiar_Investor » 05 Nov 2010 09:26

A bit surprised that this one hasn't been mentioned yet, Magna boosts dividend as profit soars fourfold - The Globe and Mail
Magna will boost its dividend 20 per cent, split its stock two-for-one, repurchase up to four million common shares and undertake a review of the composition of its board of directors.

<snip>

The dividend will rise to 18 cents (U.S.) a share after the stock split.

I must admit I gave up on Magna many years ago when it was being run for Frank's benefit, not the shareholders. Maybe now that things have changed, it might be worthy of another look.
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Re: Dividend and Distribution Hikes - 2010

Postby scomac » 05 Nov 2010 10:14

Peculiar_Investor wrote:I must admit I gave up on Magna many years ago when it was being run for Frank's benefit, not the shareholders. Maybe now that things have changed, it might be worthy of another look.


I was thinking along those lines too. Having said that, I have been a very happy shareholder of Genuine Parts (GPC-N) for a few years now and see no compelling reason to switch, but I bet that Magna will become more of a go-to name for Canadian dividend investors.
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Re: Dividend and Distribution Hikes - 2010

Postby ThinkDividends » 05 Nov 2010 13:57

First National Financial (TSX: FN.UN) announced that the 2011 dividend would be increased by 14% from their previous level of $1.10/share to $1.25/share, implying a dividend yield of 7%.
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Re: Dividend and Distribution Hikes - 2010

Postby JaydoubleU » 05 Nov 2010 17:10

Dundee Wealth changed its quarterly dividend policy to a monthly payout of 5¢ per share. Compared to the previous 7¢ quarterly payout, it represents a 114% increase.
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Re: Dividend and Distribution Hikes - 2010

Postby ThinkDividends » 07 Nov 2010 11:08

ThinkDividends wrote:Inter Pipeline Fund (IPL.un): Good Q3/10 with a Surprise Distribution Increase
IPL announced a 6.7% increase in the annual distribution to $0.96/unit (from $0.90/unit).


Energy infrastructure analyst Robert Kwan from RBC Capital Markets wrote this in early October:

"...future dividend increases should continue to keep positive sentiment and high valuations in the sector... the "Yield Theme" could last for a few more quarters..."

"Following Emera’s surprise 15% dividend increase, we expect Enbridge to follow with an 18% increase that could be announced with 2011 guidance in early December 2010. We also believe that Fortis could modestly surprise on the upside (we forecast a 7% increase) with an announcement of an increase possibly by the end of the year (and if not then, in Q1/11). The following are expected to deliver their regular annual dividend increases: ATCO, Canadian Utilities and TransCanada (all likely in Q1/11). Although likely to occur later in 2011, we expect AltaGas and Keyera to announce a dividend increase, with an outside chance that Inter Pipeline will do the same."


...
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Re: Dividend and Distribution Hikes - 2010

Postby Michael D » 09 Nov 2010 11:08

Baxter raises 7% to $0.31

(Business Wire) -- The Board of Directors of Baxter International Inc. (NYSE:BAX) today declared a quarterly dividend of $0.31 per Baxter common share. This represents an increase of approximately 7 percent over the previous quarterly rate of $0.29 per share. The dividend is payable on January 5, 2011, to shareholders of record as of the close of business on December 10, 2010.
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Re: Dividend and Distribution Hikes - 2010

Postby Peculiar_Investor » 09 Nov 2010 14:23

As expected, Automatic Data Processing Increases Cash Dividend 6%; Marks 36th Consecutive Year of Dividend Increases - Yahoo! Finance
The board of directors of Automatic Data Processing, Inc.(Nasdaq:ADP - News) approved a 6% increase in the cash dividend to an annual rate of $1.44 per share, Gary C. Butler, president and chief executive officer, announced today.

Ka ching. I've held this name for a long time and would consider it a core holding.
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Re: Dividend and Distribution Hikes - 2010

Postby FinEcon » 09 Nov 2010 15:24

CI Financial reports third quarter results; dividend rate increased 7.7%

http://www.newswire.ca/en/releases/arch ... c2357.html


With dividend increses like this, who needs fixed income :) & I think we're going to see a lot more increases in the financial sector in the near future.
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Re: Dividend and Distribution Hikes - 2010

Postby ThinkDividends » 09 Nov 2010 15:43

Ensign Energy Services (ESI) increased its quarterly dividend to $0.095 from $0.0875, representing an increase of 9% .
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Re: Dividend and Distribution Hikes - 2010

Postby Descartes » 09 Nov 2010 17:27

ThinkDividends wrote:Ensign Energy Services (ESI) increased its quarterly dividend to $0.095 from $0.0875, representing an increase of 9% .


Thanks for the continuing updates. I don't mean to sound ungrateful, but it would be helpful to also provide a link to a source in the future.

Example:

Ensign Energy Services (ESI) increased its quarterly dividend to $0.095 from $0.0875, representing an increase of 9% .
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Re: Dividend and Distribution Hikes - 2010

Postby ThinkDividends » 09 Nov 2010 18:13

Descartes wrote:Thanks for the continuing updates. I don't mean to sound ungrateful, but it would be helpful to also provide a link to a source in the future.


Good idea, but I can't reference / link to an email in my inbox... :beer:
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Re: Dividend and Distribution Hikes - 2010

Postby Michael D » 10 Nov 2010 12:33

Vodaphone commits to a 7% increase policy to 2013, announces increase:

Vodafone recently issued a dividend per share growth policy of at least 7% per annum over the next three years (until fiscal 2013). Thus, the company raised its interim dividend by 7.1% to 2.85 pence per share. The increased dividend is expected to be paid on February 4, 2011, to shareholders of record on November 19, 2010.
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Re: Dividend and Distribution Hikes - 2010

Postby Peculiar_Investor » 11 Nov 2010 10:02

Attention Canadian Tire shoppers, thank you -- Canadian Tire Corporation Increases Quarterly Dividend and Posts Strong Third Quarter Earnings
Canadian Tire's dividend policy has been modified to pay 20-25% of the prior year's normalized basic net earnings per share, after giving consideration to the period end cash position and future cash flow requirements. Canadian Tire also announced today that it will increase the quarterly dividends to be paid in 2011 to 27.5 cents ($1.10 annualized) a share from 21 cents ($0.84 annualized) a share.
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Re: Dividend and Distribution Hikes - 2010

Postby Peculiar_Investor » 12 Nov 2010 10:46

Don't own this one, but other IIRC other FWF'ers do, Intel raising dividend by 15 percent - Yahoo! Finance
The company is raising its quarterly payout for investors to 18 cents per share from 15.75 cents starting with the first quarter of 2011.
.

The other Cisco Sysco raised their dividend as well, Sysco boosts quarterly dividend by 4 percent - Yahoo! Finance
Sysco Corp. is raising its quarterly dividend by 4 percent, to 26 cents from 25 cents.

The food service company said Friday that the dividend will be paid on Jan. 28, 2011, to shareholders of record on Jan. 7, 2011.
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Re: Dividend and Distribution Hikes - 2010

Postby ThinkDividends » 12 Nov 2010 10:51

Sprott (SII) Raises Dividend

Doug Young, TD Newcrest wrote:The regular dividend was increased to $0.03 (from $0.025), and we are forecasting a special
dividend of $0.32 to be paid in Q1/11. Sprott’s policy is to payout a majority of performance fees via a
special dividend, after taking into consideration capital / working capital requirements.
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Re: Dividend and Distribution Hikes - 2010

Postby ThinkDividends » 12 Nov 2010 16:15

Peculiar_Investor wrote:Sysco boosts quarterly dividend by 4 percent.


Sysco has been on my watchlist for a few years, but I am disappointed by the rate at which the dividend growth has decelerated.

Nevertheless, Sysco has increased their dividend 41 years in a row (ever since their IPO in 1970).
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Re: Dividend and Distribution Hikes - 2010

Postby JaydoubleU » 12 Nov 2010 17:43

Well, you can have stronger growth but a lower yield from INTC:


Intel hikes dividend (INTC)-said Friday that it will raise its dividend by 15 per cent. CEO Paul Otellini said the company “remains on track to have our best year ever and we continue to generate strong cash flows.” It is raising its quarterly payout for investors to 18 cents per share from 15.75 cents starting with the first quarter of 2011.
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Re: Dividend and Distribution Hikes - 2010

Postby Sensei » 12 Nov 2010 21:05

Hi,

Re: Sysco

Looking at the business as well as the numbers is important. I think the 4% increase is quite satisfactory, considering what the company does and the current economic climate. Basically, they supply a wide range of eateries ranging from restaurants to company cafeterias to lodging homes. Most of their business is in the U.S. with a minor operations in Canada.

For the average person, the recession is not over. People are still out of work and scared. Restaurant visits and even eating in an institutional cafeteria are discretionary expenditures and not likely to pick up until employment and general confidence among consumers picks up.

It is a testament to Sysco's business model and durability that they raised the dividend at all. When the real recovery takes place (among real people, so to speak), I think we will see greater dividend increases, but now, it is best to restrain expectations.

Disclaimer: I'm a shareholder :)
Cheers

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Re: Dividend and Distribution Hikes - 2010

Postby vince2 » 13 Nov 2010 13:30

Ag Growth today announced a $0.03 per share increase in its monthly dividend rate. The Company's monthly dividend is now $0.20 per common share or $2.40 per annum. The dividends are eligible dividends for Canadian income tax purposes. The dividend increase of 18% over the previous monthly rate of $0.17 per share is a reflection of the Company's sustained profitability and free cash flow.
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Re: Dividend and Distribution Hikes - 2010

Postby kjmcrae » 16 Nov 2010 10:57

Mattel (NASDAQ:MAT) Announces Increase in 2010 Annual Dividend and Switch from Annual to Quarterly Dividend Beginning in 2011
...Board of Directors has approved the company's common stock annual dividend for 2010 of $0.83 per share, an increase over the $0.75 annual dividend paid in 2009.
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Re: Dividend and Distribution Hikes - 2010

Postby Peculiar_Investor » 17 Nov 2010 09:40

This is a welcome one for those that stuck with this company over the past couple of years, Teck Resources Limited Announces Dividend Increase
Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it will pay an eligible dividend of $0.30 per share on its outstanding Class A common shares and Class B subordinate voting shares on January 4, 2011, to shareholders of record at the close of business on December 15, 2010. This represents a 50% increase in the semi-annual dividend rate.

Ka ching for us.
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