Dividend-News

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Canadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of Dec. 3

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.
EST
DGR
EST
Increase
ACTUAL
DGR
ACTUAL
Increase
NEW
DIV
Tecsys
10.00
$0.005
10%
$0.005
$0.055

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
ENBRIDGE 34.70   19.7 1.76 2.21 6.38
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