Dividend Increases: Even When Markets Are Down
This is the fourth post on the Dividend Increases series.
First, let’s get the sore thumb out of the way. My portfolio suffered a minor set-back as CI Financial Income Fund, a non-core holding, is cutting distribution by about 10%, likely due to market jitter.
Dividend Increases
Canadian Oil Sand - 36% (150% from last year)
Canadian National Railway - 10% (10% from last year)
TransCanada - 6% (6% from last year)
HR Reit - 5.1% (5.1% from last year)
Bell Aliant Regional Communications Income Fund - 2.8% (2.8% from last year)
I’m not worried about market turbulence…
Once again, TSX and S&P500 investors are reeling over recession fears as the indexes sank by 2.5% and 2.9% respectively today. Good! This just means that we can invest new money and dividends into progressively higher yielding shares. For example, Royal Bank is paying you $2 a share, doesn’t matter if the share is […]
Original post by Financial Jungle Guy