Dividend and Distribution Hikes - 2005

[adrian2]

I am sure some companies will delaying paying Dividends until January to take advantage of the new tax laws??

I am as sure as you that number of companies will be small to none.

[Shakespeare]

small to none.

I agree with small. But there's already one.

[Bylo Selhi]

small to none.

I agree with small. But there's already one.

I wonder how soon someone will whine that this "favour" screws up their cash flow (e.g. a senior who depended on it to make up part of their RRIF withdrawal) or moves their dividends into a projected high income year (e.g. someone who was unemployed during part of 2005), etc.

[m1ax]

Couche-Tard just announced this morning that it will delay its dividend distribution in January.

[Lado]

Enerflex Systems Ltd. is pleased to announce that the Company's Board of Directors has approved announcing its intention to increase the routine quarterly cash dividends paid on the corporation's common shares by 25% from 10.0 cents to 12.5 cents per common share commencing with the dividend payable in April 2006.

[sydney2]

Pembina Pipeline announced increase in distribution from $1.05 to $1.14.

[iluvnascar]

National Bank reports earnings tomorrow........

The stock was off sharply today..inside information? Or just driving down the price so it can rise with good earnings tomorrow?

With earnings likely in the $4.70 range for the year, NA ought to be bumping its dividend by at least 2 cents....to $1.84 annually.

[sydney2]

Primewest PWI.un increased dividend from $ .30 to $ .36 p/m. Total $4.32.

[gyrfalcon]

nascar: Nice ??

"- All financial objectives achieved or surpassed
- Earnings per share up 21% to $4.98
- Return on common shareholders' equity of 20.7%
- Quarterly dividend up 9% at 48 cents per share "

[iluvnascar]

Very nice indeed.......in fact, a bit better than I had expected.

Of course the stock is down another 2%.........

[yielder]

CWB:

The Board of Directors today approved an increase of $0.02 per share in the quarterly dividend to $0.12 per share, payable on January 5, 2006 to shareholders of record on December 15, 2005. This represents an increase of 20% over the previous quarterly dividend and a 33% increase over the quarterly dividend declared in December 2004.

Source: CNW

Disclosure: I have a 1/2 weight in my portfolio.

[Bylo Selhi]

H&R REIT increases distributions

TORONTO, Dec. 8 /CNW/ - H&R Real Estate Investment Trust (TSX: HR.UN - News) announced today that its Board of Trustees approved an increase in the REIT's monthly payment of distributable cash from $0.1087 to $0.1112 per unit, representing a 2.3% increase of 3 cents per unit per annum to $1.3344 per unit on an annualized basis.

[yammer]

Asrtal Media

At its 2005 Annual and Special Meeting of Shareholders, Astral Media Inc. (TSX: ACM.NV.A/ACM.SV.B) announced an increase of 50% to its annual dividend, from 20 to 30 cents per share. The Company also announced a renewal of its normal course issuer bid to repurchase up to 5% of its Class A and Class B Shares.

"As a result of our sustained growth, not only have we paid dividends on a regular basis, but we are also able to increase them... The combination of another dividend increase and the renewal of our share buy-back program is the appropriate balance between rewarding our shareholders and remaining ready to seize opportunities for future growth," said Ian Greenberg, President and CEO.

[scomac]

Microsoft boosts dividend

Microsoft Corp., the world's largest software maker, has raised its quarterly dividend 12.5 per cent — a penny — to nine cents US, citing confidence in its product lineup and growth prospects.

The company, best known for its Windows operating system, said the dividend will be payable March 9 to shareholders of record from Feb. 17. The previous quarterly dividend was eight cents.

[cl425]

Wajax Income Fund Announces Special Year-End Distribution And Increase To January Distribution

Wajax Income Fund (TSX:WJX.UN) today announced a regular distribution for the month of December of $0.21 per unit ($2.52 annualized) and a special cash distribution for 2005 of $0.65 per unit. Both distributions will be paid on January 20, 2006 to unitholders of record on December 31, 2005. As well, the Fund announced that the distribution for January will be increased from $0.21 to $0.23 ($2.76 annualized). 12/16/05

[m1ax]

Parkland Income Fund declares special distribution payment


RED DEER, AB, Dec. 19 /CNW/ - Parkland Income Fund (TSX: PKI.UN - News) is pleased to announce that a special distribution of ten cents ($0.10) per trust unit will be payable on January 13, 2006 to unitholders of record on December 30, 2005. The combination of this special distribution and the regular distribution of seventeen cents ($0.17) per trust unit announced on December 15, 2005 will result in unitholders receiving a total of twenty-seven cents ($0.27) per trust unit on January 13, 2006.
The special distribution reflects the strength of the financial performance for the year ended December 31, 2005 and is being paid after due consideration of the sustainability of the regular monthly distributions. Any additional taxable income for 2005 will be retained by a corporate entity owned by the Fund and used to provide a cash reserve which is prudent to mitigate seasonal weakness of earnings that may occur in 2006.

[yielder]

Parkland Income Fund declares special distribution payment

Interesting. Rather than increase the dividend, simply pay a year end special dividend. That avoids committing to a higher payout level that may or may not be sustainable but it also maximizes distributable income into the hands of investors. It also weans investors away from expecting annual increases. They'll get used to the fluctuation of the annual special distribution and don't whack/pump the stock price. I suspect that we'll see a lot more of this from the business trusts at least.

[m1ax]

I think that is a sensible way to manage excess cash. BTW PKI had just raised its monthly distribution from 15 to 17 cents in the prior month.

[sydney2]

Citadel Smart Fund increased dividend to $ .28. NAV is $37.50 current trade price $35.50.