Published Sat, 01 Dec 2018 02:30:17 -0500 on Seeking Alpha
It will be a busy week, as several of the Canadian Dividend All-Star banks are not only expected to release earnings, but should also announce dividend increases. Let's first take a look at last week which unfolded largely as expected. Of note, all figures are in Canadian dollars unless otherwise noted.
Last Week - Results Last week, Tecsys, Inc. (OTCPK: TCYSF) [TSX:TCS] came through for investors, while Enbridge, Inc. (ENB) [TSX:ENB] failed to announce a raise.
Despite the challenges in projecting both the timing and size of Tecsys' dividend raise, it raised exactly as I estimated. The $0.005 per share raise, or 10%, marks its 11th consecutive year of double-digit dividend growth. The new quarterly payout is $0.055 per share.
Enbridge on the other hand was silent. This was not surprising as the timing of the dividend announcement was difficult to predict. It can still come as early as this week. If not, expect an announcement at some point following the close of the Spectra Energy Partners (SEP), Enbridge Energy Management (EEQ) and Enbridge Energy Partners (EEP) deals.
Expected Dividend Raises
Bank of Montreal (BMO) [TSX:BMO] - Current Streak - 6 YRS, Current Yield - 3.86%
Earnings: Tuesday, December 4
What can investors expect: Bank of Montreal is expected to raise dividends for the... 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|
|BANK OF MONTREAL||72.60||10.2||7.15||3.10||4.33|
|LAURENTIAN BANK OF CANADA||34.05||0.0||0.00||0.00||0.00|
|SPECTRA ENERGY PARTNERS LP||35.40||0.0||0.00||0.00||0.00|
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