Dividend-News

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Canadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of Nov. 26

Published Sat, 24 Nov 2018 00:13:36 -0500 on Seeking Alpha

After a quiet week, earnings will once again pick up as Canada’s first set of banks start to report earnings. In total, there are seven Canadian Dividend All-Stars expected to release earnings. There are no guarantees this week, but we could see two announce a dividend increase. Although no All-Star was expected to raise dividends last week, investors were treated to a surprise announcement. Of note, all figures are in Canadian dollars unless otherwise noted.
Last Week - Results Last week, George Weston Ltd (OTCPK: WNGRF) [TSX:WN] surprised investors with a dividend raise along with third quarter results.
EST
DGR
EST
Increase
ACTUAL
DGR
ACTUAL
Increase
NEW
DIV
George Weston
N/A
N/A
5.10%
$0.025
$0.5150

This came out of the blue. George Weston, one of Canada’s leading grocery companies announced a 5.10% raise along with third quarter results. This was the company’s second dividend raise of the year having also raised this past May. Combined, the company has raised dividends by 13.33 % in 2018. This is far above the company’s historical averages.
The raise also marks the first time during its six-year streak that it has twice raised dividends in a calendar year. Like clockwork, the company had raised dividends along with first quarter results in early May. The raise was certainly an unexpected and welcomed surprise.
Expected Dividend Raises Tecsys Inc (OTCPK: TCYSF)[TSX:TCS]... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ENBRIDGE ENERGY MANAGEMENT 10.51   0.0 0.00 0.00 13.65
ENBRIDGE ENERGY PARTNERS LP 10.79   21.6 0.50 1.40 13.35
ENBRIDGE 34.70   19.7 1.76 2.21 6.38
SPECTRA ENERGY PARTNERS LP 35.40   0.0 0.00 0.00 0.00