Dividend Increase – Philip Morris International Inc. (PM)

Today, September 11th the Board of Directors of Philip Morris International Inc. announced a quarterly dividend increase of from $ 1.14 to $ 1.17 per share that’s payable October 11, 2019 to holders of record September 25, 2019. This represents a 2.63% increase to regular quarterly dividends. With current price $ 74.54 (today's open), this raise brings their dividend yield to 6.28%.

Since I own 85 shares of PM, this will increase my portfolio's projected annual net dividend income by $ 7.60.

This increase raises my YOC to 5.59%.

Dividend Increase – Fortis Inc. (FTS)

Today, September 10th the Board of Directors of Fortis Inc. announced its 46th consecutive year of increased dividends. The Board declared a common share dividend of CA$ 0.4775 per share, an increase of from CA$ 0.45 per share that’s payable December 1, 2019 to holders of record November 19, 2019. This represents a 6.11% increase to regular quarterly dividends. In addition, the Corporation has targeted average annual dividend per common share growth of approximately 6% through 2024 based on an annualized dividend of $1.80.

With current price CA$ 55.43 (yesterday's close), this raise brings their dividend yield to 3.45%.

Since I own 140 shares of FTS, this will increase my portfolio's projected annual net dividend income by CA$ 11.47.

Week in Review 36/19

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.

Week in Review 35/19

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.

Recent Buy - AbbVie Inc. (ABBV)

On Friday, August 23, I bought 10 shares of  AbbVie Inc. at $ 66.45 per share plus commission.

My overall cost basis of this position decreases from $ 68.87 to $ 68.61 per share. I totally hold now 80 shares of ABBV and my yield on cost is 6.24%. You can look at my first purchase of ABBV here.

Recent Buy - Brookfield Infrastructure Partners L.P. (BIP)

Friday August 23, I bought 73 shares of Brookfield Infrastructure Partners L.P. (BIP) at $ 45.98 per share plus commission.

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. 

The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals. 

The Transport segment offers transportation, storage, and handling services for freight, bulk commodities, and passengers through a network of 5,500 km of track network in south of Western Australia; approximately 4,800 km of rail in South America; approximately 4,200 km of motorways in Brazil, Chile, Peru, and India; and 37 port terminals in North America, the United Kingdom, Australia, and Europe.

Dividend Increase – Scotiabank (BNS)

Today, August 27st the Board of Directors of Scotiabank announced a quarterly dividend increase of from CA$ 0.87 to CA$ 0.90 per share that’s payable October 29, 2019 to holders of record October 1, 2019. This represents a 5.88% increase year-over-year and 3.45% increase to the last quarter dividend. With current price CA$ 67.77 (yesterday's close), this raise brings their dividend yield to 5.31%.

Since I own 155 shares of BNS, this will increase my portfolio's projected annual net dividend income by CA$ 13.86.

This increase raises my YOC to 5.70%.