Dividend and distribution hikes (2016)

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Dividend and distribution hikes (2016)

Post by Peculiar_Investor » 03 Jan 2016 22:54

FWF'ers do an amazing job tracking down and reporting on dividend and distribution hikes. Thanks.

Please use this topic for 2016 hikes. Your fellow FWF'ers would appreciate if you could post a link to the announcement.
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Re: Dividend and distribution hikes (2016)

Post by JaydoubleU » 06 Jan 2016 17:37

This was already announced, but not confirmed. It is now:
TransAlta Renewables Inc. Declares 5% Increase In Dividend And Announces The Closing Of Its Investment In Three Canadian Projects
Wednesday, January 06, 2016
. . .
In conjunction with the closing of the Transaction, the Board of Directors of the Company declared a dividend increase of 5% (an annualized dividend increase of $0.04 per common share) effective February 29, 2016 to holders of record at the close of business on February 1, 2016, resulting in cash dividends of $0.07333 per common share payable on February 29, 2016.
http://www.theglobeandmail.com/globe-in ... 1038690001

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Re: Dividend and distribution hikes (2016)

Post by ockham » 08 Jan 2016 11:42

Both Atco and Canadian Utilities announced hikes this morning, ACO.X up 15% to .285, and CU up 10% to .325 (sorry, don't have the links at my fingertips). Have owned CU for years, bought ACO.X in early 2015, and tax loss harvested it in December.

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Re: Dividend and distribution hikes (2016)

Post by AltaRed » 08 Jan 2016 12:47

Both of these are solid companies with good balance sheets. Just what one wants to own longer term I'd suggest.

Disclosure: I own both but really should own only one of them given the overlap. May actually do that sometime soon.
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Re: Dividend and distribution hikes (2016)

Post by like_to_retire » 08 Jan 2016 15:20

AltaRed wrote:Disclosure: I own both but really should own only one of them given the overlap. May actually do that sometime soon.
My two utilites are CU and FTS. Paying 4.06% and 4.02% dividends respectively. Both with consecutive dividend increases of 19 years. Nice.

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Re: Dividend and distribution hikes (2016)

Post by Sensei » 08 Jan 2016 18:27

Hi,

According to my Morningstar Dividend Newsletter, Spectra Energy (SE) raised its quarterly dividend 9.5%.

This seems like good news for the pipeline industry in general, although I'm still scratching my head over Kinder Morgan's spectacular dividend fail. Fortunately, I sold my entire stake in KMI in late December and transferred the proceeds to SE.
Cheers

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Re: Dividend and distribution hikes (2016)

Post by nisser » 08 Jan 2016 21:42

I think pipelines in general should be ok. Had KMI's debt not been downgraded, I doubt it would have crashed so spectacularly. When you think about it, nothing fundamentally changed about the company. They cut the dividend to appease the masses but if you looked at analyst reports and thoughts months before and then months after the cut it's night and day; what was one day a positive and bright fact, has now become a dirty stain on the balance sheet. The sheep are so good at riding the train, whichever way it goes.

I did buy some pipes in this downtrend (EPD, SE, IPL, TRP.) Some of them are 40-50% down which seems overdone.

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Re: Dividend and distribution hikes (2016)

Post by Sensei » 10 Jan 2016 05:15

Hi,

Nisser I think I share your view. I'm long TRP and have recently acquired some ENF. All things considered, I still have quite a positive view of KMI as a company and would be happy to own it again should their circumstances improve (which I have no doubt they will). In the current case, they mainly misjudged the length and severity of the oil glut (as did almost everyone else) and were unable to pay a large dividend and protect their credit rating at the same time. Moody's has a positive view of KMI since the dividend cut and so do I, humble investor that I am.

However, at this point, it mathematically makes more sense to sell a KMI 3% yield to buy an SE 6.5% yield. SE also has less debt and lower risk at this time.
Cheers

"A dividend being paid today is always a positive return." Josh Peters, Morningstar

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Re: Dividend and distribution hikes (2016)

Post by Peculiar_Investor » 21 Jan 2016 10:48

From aisle 12 in your local home improvement store comes news, Further growth and expansion for Richelieu in 2015
At its meeting on January 21, 2016, the Board of Directors declared and approved the payment of a quarterly dividend of $0.16 per share to shareholders of record as at February 4, 2016, payable on February 18, 2016. The declared dividend is designated as an eligible dividend within the meaning of the Income Tax Act (Canada).
They also announced an upcoming 3:1 share split
Richelieu also announces that its Board of Directors has approved a three-for-one share split of the Corporation's outstanding common shares (the "Share Split"). Subject to completion and approval of regulatory filings with the Toronto Stock Exchange (the "TSX"), Richelieu shareholders will receive two additional shares for each share held on February 29th, 2016 at the close of trading on the TSX. Following the Share Split, but subject to TSX's approval, Richelieu's additional common shares are expected to commence trading on the TSX on or about March 2nd, 2016.
Richelieu Hardware (Symbol-RCH) isn't widely followed on FWF, or elsewhere -- RCH | Stock Market Research, Analyst Consensus and Earnings Estimates says there are only 3 analysts that cover it.
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Re: Dividend and distribution hikes (2016)

Post by jeremy » 21 Jan 2016 15:29

MTY increases its quarterly dividend by 15%
MONTREAL, Jan. 21, 2016 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple restaurant concepts, announces an increase of 15% of its quarterly dividend payment, which increases from 10.0¢ per share to 11.5¢ per share. The 11.5¢ dividend will be payable on February 12, 2016 to shareholders registered in the Company's records at the end of the business day on February 1, 2015.

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Re: Dividend and distribution hikes (2016)

Post by JaydoubleU » 23 Jan 2016 21:05

Here's something you don't see every day!
Valero Energy Corporation Increases Regular Cash Dividend by 20 Percent
http://www.valero.com/investorrelations ... lnews.aspx

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Re: Dividend and distribution hikes (2016)

Post by Peculiar_Investor » 26 Jan 2016 08:21

From the grocery aisle, yet another annual increase from Metro, METRO: Strong sales, net earnings and dividend growth in first quarter 2016 -- MONTRÉAL, Jan. 26, 2016
On January 25, 2016, the Corporation's Board of Directors declared a quarterly dividend of $0.14 per Common Share payable March 15, 2016, an increase of 20.0% over the dividend declared for the same quarter last year. On an annualized basis, this dividend represents approximately 25% of 2015 adjusted net earnings(2), compared to the percentages of the previous two fiscal years which were 24% and 22%, in accordance with the payout target communicated to shareholders in January 2014.
My data goes back to 2002 and indicates they've raised every year, plus a few share splits along the way.
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Re: Dividend and distribution hikes (2016)

Post by Taggart » 26 Jan 2016 10:07

Just a few short years ago there was some concern that the major U.S. stores moving into Canada and expanding like Walmart, Costco and Target were going to have the Canadian grocers for breakfast.

I've held on to grocery chains like Metro and Empire all the way through the bad news. All they've given me so far is the good news of a yearly dividend increase. :thumbsup:

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Re: Dividend and distribution hikes (2016)

Post by Arby » 26 Jan 2016 11:16

I'm also a long term holder of Metro, and I'm very happy with their financial results. Metro is a company where I don't like their product, but I love the company. I rarely shop at Metro, and prefer shopping at Loblaw. Loblaw stores have better appearance, better store brands, and better meat and fish sections. But Metro management has done a superb job of running the company, and I love their their long term record of dividend growth.

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Re: Dividend and distribution hikes (2016)

Post by Lazy Ninja » 26 Jan 2016 16:10

CN announces 20 per cent increase in quarterly cash dividend.

https://ca.finance.yahoo.com/news/cn-an ... 00318.html
A quarterly dividend of thirty-seven-and-one-half cents (C$0.375) per common share will be paid on March 31, 2016, to shareholders of record at the close of business on March 10, 2016.

Including today's announcement, CN has declared annual increases to its dividend 20 consecutive times, averaging 17 per cent per year, since its initial public offering of shares in 1995.

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Re: Dividend and distribution hikes (2016)

Post by Addicted2dividends » 27 Jan 2016 09:58

Guys,
I love dividend stocks as much as the next guy but I come here to learn about dividend increases, not read the banter about what you invest in. 6 out of 13 posts are about actual increases so far in January. Can we please stick to Hikes and post your thoughts under the posted topic for individual stocks? Thanks

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Re: Dividend and distribution hikes (2016)

Post by like_to_retire » 27 Jan 2016 15:08

Addicted2dividends wrote:Guys,
I love dividend stocks as much as the next guy but I come here to learn about dividend increases, not read the banter about what you invest in. 6 out of 13 posts are about actual increases so far in January. Can we please stick to Hikes and post your thoughts under the posted topic for individual stocks? Thanks
Nice first post.

Welcome to FWF.

Or maybe I shouldn't welcome you since I might be scolded for going off topic. :wink:

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Re: Dividend and distribution hikes (2016)

Post by vince2 » 02 Feb 2016 18:20

Gilead Sciences (GILD) announces an increase of 10% and the quarterly dividend increases from 43 to 47 cents.
Gilead Sciences, Inc. (Nasdaq: GILD) announced today that the company’s Board of Directors declared a cash dividend of $0.43 per share of common stock for the first quarter of 2016. The first quarter dividend is payable on March 30, 2016, to stockholders of record at the close of business on March 16, 2016. In addition the Board authorized an increase of 4 cents (ten percent) in the company’s quarterly dividend program, beginning in the second quarter of 2016. Subject to declaration by the Board of Directors, the increase will result in a quarterly cash dividend of $0.47 per share of common stock for the second quarter of 2016. Future dividends will be subject to Board approval. The Board of Directors also approved the repurchase of an additional $12 billion of the company’s common stock to commence upon completion of the company’s existing $15 billion repurchase program authorized in January 2015. - See more at: http://investors.gilead.com/phoenix.zht ... 6btgE.dpuf
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Re: Dividend and distribution hikes (2016)

Post by Arby » 03 Feb 2016 08:13

Brookfield Infrastructure Patners (BIP.un) increases 7.5%
The Board of Directors has declared a quarterly distribution in the amount of $0.57 per unit, payable on March 31, 2016 to unitholders of record as at the close of business on February 29, 2016. This distribution represents a 7.5% increase compared to the prior year.

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Re: Dividend and distribution hikes (2016)

Post by westcoastfella » 03 Feb 2016 15:43

Corning (GLW) increases dividend 12.5% from prior quarter

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Re: Dividend and distribution hikes (2016)

Post by nile » 03 Feb 2016 21:13

GS Announced today

Gluskin Sheff + Associates Inc. Declares Regular Quarterly Dividend Of $0.25 And Special Dividend Of $0.10 And Announces Renewal Of Normal Course Issuer Bid
[url]http://avatars.jurko.net[/url][img]http://img1.jurko.net/avatar_10579.gif[/img]

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Re: Dividend and distribution hikes (2016)

Post by JaydoubleU » 04 Feb 2016 07:06

Brookfield Renewable Announces 7% Distribution Increase And Fourth Quarter Results
http://www.theglobeandmail.com/globe-in ... 1041834001

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Re: Dividend and distribution hikes (2016)

Post by JaydoubleU » 04 Feb 2016 07:08

Jay's on a roll here:
BCE Reports 2015 Q4 And Full-Year Results, Announces 2016 Financial Targets - Common Share Dividend Increased 5.0% To $2.73 Per Year
http://www.theglobeandmail.com/globe-in ... slug=C5582

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Re: Dividend and distribution hikes (2016)

Post by chufinora » 05 Feb 2016 17:22

Avista (NY: AVA) just announced an increase to $0.3425 a 3.8% increase. A bit less than its 5yr average dividend increase ~6% but I'll take it on a 3.5% dividend with regular annual increases.

http://investor.avistacorp.com/phoenix. ... ID=2136219

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Re: Dividend and distribution hikes (2016)

Post by Peculiar_Investor » 09 Feb 2016 18:45

Nice to read that Toromont Announces 2015 Results and 6% Increase in Quarterly Dividend
Considering the Company's solid financial position, cash flows and balances, and positive long- term outlook, the Board of Directors today increased the quarterly dividend to 18 cents per share, representing a 6% increase. The next dividend is payable April 1, 2016 to shareholders of record at the close of business on March 10, 2016. The Company has paid dividends every year since going public in 1968 and this represents the 27th consecutive year of increases.
27 consecutive years of dividend increases is a great track record for a Canadian company. I've been on the receiving end of increases for 11 years and counting. :thumbsup:
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