Welcome and thanks for reading!
In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.
Thursday, May 25th the Board of Directors of Canadian Imperial Bank of Commerce (CM) announced a quarterly dividend increase of from C$0.85 to C$0.87 per share that’s payable July 28, 2023 to holders of record June 28, 2023. This represents a 2.35% increase over the last quarterly dividend.
With current price C$57.54 (yesterday's close), this raise brings their dividend yield to 6.05%.
Wednesday, May 24th the Board of Directors of Scotiabank (BNS) announced a quarterly dividend increase of from C$1.03 to C$1.06 per share that’s payable July 27, 2023 to holders of record July 5, 2023. This represents a 2.91% increase over the last quarterly dividend.
With current price C$66.72 (yesterday's close), this raise brings their dividend yield to 6.35%.
Friday, May 19th the Board of Directors of LyondellBasell Industries N.V. (LYB) announced a quarterly dividend increase of from $1.19 to $1.25 per share that’s payable June 6, 2023 to holders of record May 30, 2023. This represents a 5.04% increase over the last quarter dividend.
"2023 marks our 13th consecutive year of annual dividend growth. Our increasing dividend demonstrates our ongoing commitment to deliver strong returns for LyondellBasell shareholders. It is also aligned with our long-term target of returning 70 percent of free cash flow to shareholders that we shared at our Capital Markets Day," said Peter Vanacker, CEO of LyondellBasell. "We will continue our balanced approach to capital deployment as we establish our leadership in creating solutions for everyday sustainable living."
With current price $90.84 (today's open), this raise brings their dividend yield to 5.50%.
Welcome and thanks for reading!
In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.
The fourth month of the year is over, May is also past the halfway point and summer starts in a few weeks. In April 2023 my portfolio dividend income was as follows:
Thursday, May 11th the Board of Directors of Cardinal Health, Inc. (CAH) announced a quarterly dividend increase of from $0.4957 to $0.5006 per share that’s payable July 15, 2023 to holders of record July 3, 2023. This represents a 0.99% increase over the last quarter dividend.
With current price $85.80 (yesterday's close), this raise brings their dividend yield to 2.33%.