Dec 24 2007
Dividend Hikes Twinkling Brighter Than Salary Increases
It’s true. The rumour is resonating well in the office. According to our supervisor during a departmental meeting, management has reserved the necessary budget to increase salaries next year. Word on the street is for an average hike of 5% – not bad considering the Core CPI is resting at 2.2% this quarter.
As uplifting as it is, it’s still no match against the slew of dividend increases ringing under our Christmas tree:
Encana – 100% (100% from last year)
Parkland Income Fund – 8.6% (50% from last year) + ~4.7% of special dividend
Fortis – 19.0% (31.5% from last year)
Reitmans – 12.5% (12.5% from last year)
Scotia Bank – 4.4% (11.9% from last year)
Pfizer – 10.3% (10.3% from last year)
Not only that, most of these increases are tax-free, while about a third of salary increases goes to taxes.
Related post: Dividend Increase: Devoted Friend In A Stormy Market.
Original post by Financial Jungle Guy
on 08 Jan 2008 at 7:30 pm
Financial Guy,
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Here’s the link:
http://www.investmentintelligence.com.au/cmd.php?Clk=2208474
Keiran Travers
Echelon Research
Brisbane
Australia