Dividend/Distribution Increases 2017
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.
Consistent with the pending acquisition of Spectra by Enbridge:
HOUSTON, Jan. 5, 2017 /CNW/ -- Spectra Energy Corp (NYSE: SE) has announced a 14-cent increase in its annual dividend on its common stock to $1.76 per share, or $0.44 on a quarterly basis. The quarterly cash dividend declared by Spectra Energy on its common stock for the first quarter of 2017 is payable on March 1, 2017, to shareholders of record at the close of business on February 15, 2017...
Spectra Energy's proposed merger with Enbridge is expected to close in the first quarter this year...
"Including today's announced dividend increase, we anticipate investors of the combined company to benefit from an annualized 15 percent dividend increase in 2017, and then 10 to 12 percent annual increases through at least 2024."
ENF increased distributions also by 10% to monthly. Nice!
Algonquin Power & Utilities Corp. Announces 10% Dividend Increase and Declares First Quarter 2017 Common Share Dividend of U.S. $0.1165 (Cdn. $0.1533)
I love these guys...they walk the walk.