Friday, January 11, 2019

Dividend Increase – Canadian Utilities Limited (TSX: CU)



Yesterday, January 10, the Board of Directors of Canadian Utilities Limited announced a quarterly dividend increase of from CA$ 0.3933 to CA$ 0.4227 per share that’s payable March 1, 2019 to holders of record February 7, 2019. The declared dividend represents a 7.48 percent increase from the prior quarterly rate and this is the 47th consecutive year in which the company has increased its common share dividend.

With current price CA$ 32.54 (yesterday's close), this raise brings their dividend yield to 5.20%.



Since I own 150 shares of CU, this will increase my portfolio's projected annual net dividend income by CA$ 13.14.

This increase rises my YOC to 5.12%.


Summary of 2019 Dividend Increases / Cuts

No.
Ticker
Increase %
Net Increase
Net Increase



$
1
TSX:CU
7.48
8.14
9.93






TOTAL

8.14
9.93

Increases have been reported by deducting a 25.5% capital income tax.


Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long CU

Thanks for stopping by!

2 comments:

  1. Good to see this raise...first of the year for me. Congrats and thanks for sharing DH

    R2R

    ReplyDelete
  2. Canadian Utilities is starting to look really attractively valued. Thinking about opening a position later this month!

    ReplyDelete

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