Friday, November 4, 2016

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

3th November Inter Pipeline Ltd. announced that its board of directors has approved a 3.8 percent increase to its monthly cash dividend from CA$ 0.13 to CA$ 0.135 per share. On an annualized basis, dividends will increase by CA$ 0.06 per share from CA$ 1.56 to CA$ 1.62. Shareholders of record as of November 22, 2016 will be eligible for Inter Pipeline's new monthly dividend rate of CA$ 0.135 per share, with payment expected on or about December 15, 2016.

With current price CA$ 27.12 (yesterday's close), this raise brings their dividend yield to 5.97,%. 

Since I own 200 shares this will increase my yearly net dividends by CA$ 8.94.

That increase rises my YOC to 6.20%

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

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