Saturday, November 7, 2015

Dividend Increase – Inter Pipeline Ltd. (TSE:IPL)

5th November Inter Pipeline Ltd. announced that its board of directors has approved a six percent increase to its monthly cash dividend from CA$0.1225 to CA$0.13 per share. On an annualized basis, dividends will increase by CA$0.09 per share from CA$1.47 to CA$1.56. Shareholders of record as of November 23, 2015 will be eligible for Inter Pipeline's new monthly dividend rate of CA$0.13 per share, with payment expected on or about December 15, 2015.

With current price CA$25.32 (friday's open), this raise brings their dividend yield to 6.16,%. 

Since I own 100 shares this will increase my yearly net dividends by CA$6.71.

That increase rises my YOC to 5.66%

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

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