Dividend and Distribution Hikes - 2009

[scomac]

Waiting on my blue chips to increase...Emera was the last one....here's hoping.....

Meanwhile, earlier I was bitching about not having an increase in anything since early in the year and I missed one...

WINNIPEG, MANITOBA--(Marketwire - Sept. 10, 2009) - North West Company Fund (the "Fund") (TSX:NWF.UN) today reported 2009 second quarter earnings of $20.5 million for the period ended July 31, 2009. The Fund also announces an increase in the quarterly distribution of 6.3% to $0.34 per unit to unitholders of record on September 30, 2009, distributable by October 15, 2009.

Not a blue chip, but that's OK. Don't they say that small to mid caps always recover first?

[Michael D]

Emmerson Electric (EMR) increased dividend 1.5% today to $1.34 annually.

52 years of consecutive dividend increases.

[scomac]

Home Capital Group (HCG) announced an increase in their quarterly dividend to $.15

And again to $.16 in the very next quarter! Twice in one year in this environment says a lot about this company.

[Peculiar_Investor]

Not sure why they did it, but Pason Systems Inc. Declares Increased Semi-Annual Dividend

Pason Systems Inc. today declared an increase in the semi-annual dividend to fourteen cents (C$0.14) from twelve cents (C$0.12) per share on the Company's common shares. The dividend will be paid on January 4, 2010 to shareholders of record at the close of business on December 15, 2009.

They also announced Q3 earnings, and here is the EPS line,

Code: Select all

-------------------------------------------------------------------------
                            Three Months Ended         Nine Months Ended
                                  September 30,             September 30,
-------------------------------------------------------------------------
                          2009     2008  Change     2009     2008  Change
-------------------------------------------------------------------------
Per share - diluted    (0.05)    0.26      -     (0.10)    0.59      -


Why when you are increasing your losses do you increase your dividend?

[Taggart]

MCAN Mortgage Corp

Dividend: The Board of Directors declared a fourth quarter dividend of $0.26 per share (increased from $0.25 per share) to be paid January 4, 2010 to shareholders of record as of December 15, 2009.

[investor99]

Will Telus hike tommorow? One analyst says no.

http://network.nationalpost.com/np/blog ... rizon.aspx

[JaydoubleU]

Will BCE hike next week?

Probably not, but within the next year, they should go again; at least, Cope has clearly stated dividend growth is the goal:

http://www.bloomberg.com/apps/news?pid= ... Ko1fd5QUtE

[investor99]

Telus fails to hike dividend.

[investor99]

Not a hike but....

TELUS amends dividend reinvestment program
Implementing 3% discount and share issuance from Treasury

VANCOUVER, Nov. 6 /CNW/ - TELUS Corporation today announced that effective December 1, 2009 it will issue non-voting shares from treasury at a three per cent discount from the average market price for shares acquired on a reinvestment of dividends

[Taggart]

11/5/2009

BMTC Group Inc.

A semi-annual eligible dividend of $0.20 per share has been declared to holders of Class A Subordinate voting shares and Class B Multiple voting shares of record as of the close of business on December 18th, 2009, which will be payable on January 4th, 2010. This represents an increase of 0.02$ per share from the last semi-annual dividend paid by the Company.

[scomac]

BMTC Group Inc.

I've never owned this stock and it's a little late for the party this go round, but I continue to be impressed at how this company continues to deliver the goods, recession or otherwise. It's another one of these little golden gems that deserves the attention of more Canadian dividend investors.

[JaydoubleU]

Yessirree,

Vodafone (VOD) raises interim dividend by 3.5% from 2.57p to 2.66p. That's 26.6p per ADR, or about 0.47 cents CAD at current exchange rates.

Keep Talkin'!

[Peculiar_Investor]

I don't know if there is any special significance to this but, Barclays profit down 54% as bank resumes dividend

The bank has previously said it will pay dividends on a quarterly basis and on Tuesday said the interim dividend for the second half of 2009 will be 1 pence a share. A final cash dividend for the second half of the year will be announced in February.

[Peculiar_Investor]

I've got this one , ADP Raises Dividend 3%, Extending Annual Streak To 35 Years

Automatic Data Processing Inc. (ADP) raised its quarterly dividend by 3%, marking the 35th year in a row the payroll processor and human-resources outsourcing company has raised the payout.

The increase, by a penny to 34 cents a share, will cost the company an additional $5 million for the quarter, and bring the annual dividend to $1.36 a share. The quarterly dividend is payable Jan. 1 to shareholders of record at Dec. 11.

Even better, it hit a new 52-week high today

[Michael D]

Even better, it hit a new 52-week high today

Good stock. On my want list all the time, just never was at my price when I had cash ready.

[Peculiar_Investor]

Even better, it hit a new 52-week high today

Good stock. On my want list all the time, just never was at my price when I had cash ready.

I've owned ADP since Feb. 1996!

[Taggart]

CI Financial reports third quarter results; dividend rate increased 20%

TSX Symbol: CIX

Nov. 10, 2009

"In other matters, the Board of Directors declared monthly cash dividends of $0.06 per share payable on each of December 15, 2009, January 15, 2010 and February 12, 2010 to shareholders of record on November 30, 2009, December 31, 2009 and January 31, 2010, respectively. The monthly dividend rate of $0.06 per share is an increase of 20% over the former rate of $0.05 per share and represents a yield of 3.7% on CI's closing share price of $19.25 on November 9, 2009."

[Shurville]

Distribution increased in 13 of the 14 years I have owned REF.UN.

"CREIT also announced a modest increase in its future distributions. Effective with the November 2009 distribution (payable in December 2009) the CREIT monthly distribution will be increased to 11.50 cents per Unit ($1.38 per Unit annualized) from 11.33 cents per Unit ($1.36 per Unit annualized)."

[Peculiar_Investor]

Leon's is at it again, another special dividend.

During our 100th anniversary we have been able to give back to communities across Canada, including donations to many charities, special events for our customers, and gifts for all of our associates. We are pleased that our continuing success, positive cash position, and very strong balance sheet, allow us to include our shareholders in our 100th anniversary celebrations by declaring a special dividend of 20 cents, per common share, payable on December 16, 2009 to the shareholders of record at the close of business on November 30, 2009.

(Note: my bold).

This is a great Canadian company, with great management. Unfortunately it has a habit of staying just outside my valuation metrics, so I'm not yet a share owner.

[Quebec]

Peculiar_Investor wrote:

Unfortunately it has a habit of staying just outside my valuation metrics, so I'm not yet a share owner

Would you care to share what your valuation metrics are? I've outlined my simple entry price calculation methods here (topic: "Entry prices for dividend growth stocks"; can't post link due to Newbie status) but got no reply...

[Peculiar_Investor]

Peculiar_Investor wrote:

Unfortunately it has a habit of staying just outside my valuation metrics, so I'm not yet a share owner

Would you care to share what your valuation metrics are? I've outlined my simple entry price calculation methods here (topic: "Entry prices for dividend growth stocks"; can't post link due to Newbie status) but got no reply...

Sure, I use a homegrown combination of Ben Graham's equation, see http://www.fool.com/portfolios/rulemake ... 011031.htm and the Canadian Shareowner Assocation's Stock Study Guide (which is actually based on the National Association of Investors Corp. (NAIC) Stock Study Guide).

Boiled down to essentials, I'm looking for companies that have a 5+ year history of growing Revenues and Sales on a consistent basis. My analysis spreadsheet uses a forecast of future EPS growth and expected P/E to forecast an upside price 5 years out. I'm looking for companies that can be expected, based on my model, to give me a annualized return in the mid teens (dividends included). As a cross check, I sometimes perform Discounted Cash Flow analysis to confirm my analysis.

In the specific case of Leon's, Revenue Growth over the past 10 years has been about 7.4% and EPS growth has been slightly higher. The average P/E ratio has been in the neighbourhood of 14x. Plugging in my current view of their numbers, I foresee a annualized return of about 11%, and a margin of safety of slightly under 60%, thus outside my valuation metrics.

I'm not always true to my model as you will find if you look at some of the stocks I've bought. Some companies and industries do not lend themselves to this type of valuation techniques.

[j831robert]

Freehold Royalty Trust (FRU.UN) yesterday announced a 17% increase in their monthly distribution to 0.14 cents effective for the November payout (ex distr 26 Nov, record 30 Nov, payable 15 Dec. Concurrently they will pay a 0.06 cent extra distribution making the December total 0.20 cents per unit. As luck would have it I increased our holding eff 6 Nov. Can't win 'em all, but the occasional hit is nice.

[Taggart]

I just bought Calian Technologies last week for the first time, and is now 5% of my taxable portfolio. The following is a good start to the investment.........

Calian Technologies riding high, issues special dividend

OTTAWA — Calian Technologies Ltd. (TSX:CTY) says it will pay shareholders a special dividend of $1 a share on top of its regular quarterly dividend, following a strong quarter and financial year ended Sept. 30.

[deaddog]

I just bought Calian Technologies last week for the first time, and is now 5% of my taxable portfolio. The following is a good start to the investment.........

Calian Technologies riding high, issues special dividend

OTTAWA — Calian Technologies Ltd. (TSX:CTY) says it will pay shareholders a special dividend of $1 a share on top of its regular quarterly dividend, following a strong quarter and financial year ended Sept. 30.

Doesn't look like the market welcomed that news.
It's been selling off since the anouncement.

Would you share why you bought at this time.

[Taggart]

I just bought Calian Technologies last week for the first time, and is now 5% of my taxable portfolio. The following is a good start to the investment.........

Calian Technologies riding high, issues special dividend

OTTAWA — Calian Technologies Ltd. (TSX:CTY) says it will pay shareholders a special dividend of $1 a share on top of its regular quarterly dividend, following a strong quarter and financial year ended Sept. 30.

Doesn't look like the market welcomed that news.
It's been selling off since the anouncement.

Would you share why you bought at this time.

I think Calian is selling at a reasonable price, the debt is insignificant, and looking at the figures they seem to be a well run organization. Lots of cash flow from operations and very little in the way of capital expenditures. I don't think they're giving a special dividend to shareholders if they think business is going to be lousy. Whether this will make for a good investment on my part though, only time will tell.