Dividend Increase - Royal Bank of Canada (RY)

 

Thursday, May 25th the Board of Directors of Royal Bank of Canada (RY) announced a quarterly dividend increase of from C$1.32 to C$1.35 per share that’s payable August 24, 2023 to holders of record July 26, 2023. This represents a 2.27% increase over the last quarterly dividend. It should be noted that this is the second increase in the last 12 months. In December 2022, RY increased quarterly dividend from C$1.28 to C$1.32 or 3.69%, bringing the annual increase to 5.47%.

With current price C$123.49 (yesterday's close), this raise brings their dividend yield to 4.37%.

Week in Review 21/23

 

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.

Dividend Increase - Canadian Imperial Bank of Commerce (CM)

 

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%.

Dividend Increase - The Bank of Nova Scotia (BNS)

 

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%.

Dividend Increase - LyondellBasell Industries N.V. (LYB)

 

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%.

Week in Review 20/23

 

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.

Dividend Income - April 2023

 

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:

Dividend Increase - Cardinal Health, Inc. (CAH)

 

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%.

Week in Review 19/23

 

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.

Dividend Increase - TELUS Corporation (TSE:T)

 

Thursday, May 4th the Board of TELUS Corporation (TSE:T) announced a quarterly dividend increase of from C$0.3511 to C$0.3636 per share that’s payable July 4, 2023 to holders of record June 9, 2023. This represents a 3.56% increase over the last quarterly dividend.

It should be noted that this is the second increase in the last 12 months. In November 2022, TELUS increased quarterly dividend from C$0.3386 to C$0.3511 or 3.69%, bringing the annual increase to 7.38 per cent.

With current price C$27.49 (yesterday's close), this raise brings their dividend yield to 5.29%.

Week in Review 18/23

 

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.

Dividend Increase - UGI Corporation (UGI)

 

Wednesday, May 3rd the Board of Directors of UGI Corporation (UGI) announced a quarterly dividend increase of from $ 0.36 to $ 0.375 per share that’s payable July 1, 2023 to holders of record June 14, 2023. This represents a 4.17% increase over the last quarter dividend.

Roger Perreault, President and Chief Executive Officer of UGI, said, “We are pleased to mark the 36th consecutive year of increasing dividends, building on our long history of delivering returns to shareholders while investing for continued growth. This consistency demonstrates the strength and resilience of UGI and its capital allocation strategy as we seek to create shareholder value as both a growth and income investment.”

With current price $30.50 (yesterday's close), this raise brings their dividend yield to 4.92%.

Dividend Increase - Main Street Capital Corporation (MAIN)

 

Tuesday, May 2nd the Board of Directors of Main Street Capital Corporation (MAIN) announced a monthly dividend increase of from $0.225 to $0.23 per share that’s payable July 14, 2023 to holders of record July 7, 2023. This represents a 2.22% increase over the last monthly dividend and a 7.0% increase from monthly dividends paid in July 2022.

In addition to the regular monthly dividends for the third quarter of 2023, the Board of Directors declared a supplemental cash dividend of $0.225 per share payable in June 28, 2023.

With current price $40.42 (today's open), this raise brings their dividend yield to 6.83%.