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.

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You can follow the development of my dividends here.

Full Disclosure: Long CU

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