I'll start the 2017 thread (summary of change and link to further details):
January 05, 2017 - Enbridge Announces 10 Percent Quarterly Dividend Increase Enbridge Inc. (TSX:ENB)(NYSE:ENB) announced today that its Board of Directors has declared a quarterly dividend of $0.583 per common share, payable on March 1, 2017 to shareholders of record on February 15, 2017. The declared dividend represents a 10 percent increase from the prior quarterly rate and the twenty-second consecutive year in which the Company has increased its common share dividend.
The Company's Board of Directors today announced a special common share dividend in the amount of $1.25 per share, payable on December 15, 2017 to shareholders of record on November 30, 2017. This payment reflects the Board's determination that the Company has generated excess capital in the past several years and that the capital needed for near-term growth can be generated from current operations.
Plaza Retail REIT (TSX: PLZ.UN) ("Plaza" or the "REIT") today announced that its Board of Trustees has approved an increase in its annual distribution to unitholders to $0.28 per unit, representing a 3.7% increase.
Yes...it's been raining increases and shows why the dividend growth strategy can be so potent and is a very bullish sign for the future of these businesses.
National Bank increases its dividend to 60 cents from 58 cents; a year ago it was 56 cents. Payout ratio is a slim 43% on a trailing basis and after increase - good sign of more to come!
I just thought it odd that investors would not want to know if a stock cuts its dividend to make a 'sell a dog', or buy low investment decision. No big deal though.....
PS i believe there was a feeble cmf thread startup on dividend cuts. It's now lost in the archives. Having both cuts & increases in one thread is a great idea.
Agreed. CPG dividend has been hacked down to nothing since the oil crisis. D.UN cut dividends this year. BEI.UN did the same recently.
Anyhow, don't want to mess up this thread but let's start one for 2018. All for that. And, a new thread for increases of course Bring on the banks, JNJ, KO and others next quarter!
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