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Canadian All-Star Stocks: Dividend Increases - Week Of Aug. 3

Published Fri, 31 Jul 2020 09:22:23 -0400 on Seeking Alpha

Seeking AlphaDividend Quick Picks | CanadaCanadian All-Star Stocks: Dividend Increases - Week Of Aug. 3Jul. 31, 2020 9:22 AM ET|| Includes: CPRHF, CPWPF, CPXWF, KEYUF, RBA, SAPIF, SYZLFby: Mat LitalienMat Litalien Value, Growth, macro, long-term horizonStocktrades.cls-1{fill:#024999;}SummaryCanadian Dividend All-Stars are companies that have raised dividends for at least five consecutive years.
Capital Power came through for investors last week and Sylogist also surprised with its second raise of the year.
This week, four All Stars are due to announce a dividend raise.
Quarterly results are rolling in, and thus far dividend investors have plenty to cheer about. First off, there hasn't been a dividend cut in weeks and this week, there are a several Canadian Dividend All-Stars which are scheduled to report quarterly financials.
Before we jump into what to expect this week, let's look at last week's results. Of note, all figures are in Canadian dollars unless otherwise noted.
Recent dividend updates
Last week, Capital Power Corp (OTCPK: CPXWF)[TSX:CPX] came through for investors, and Sylogist (OTC:SYZLF)[TSX:SYZ] rewarded shareholders yet again.
EST
DGR
EST
Increase
ACTUAL
DGR
ACTUAL
Increase
NEW
DIV
Capital Power
~7%
$0.035
6.8%
$0.0325
$0.5125
Sylogist
N/A
N/A
13.6%
$0.015
$0.125

Let's start with Capital Power. True to its word, the company remains on track to meet full year adjusted funds from operations guidance. As such, it is no surprise that the utility announced a 6.8% increase to the dividend - inline with the company's target of 7%.
In 2021, the company is targeting 5% dividend growth. The raise extends the company's dividend growth streak to seven years.
Much to my surprise, Sylogist also announced a raise to the dividend. The $0.015 per share raise marks the second consecutive quarter of dividend growth.
Considering our current... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
RITCHIE BROTHERS AUCTIONEERS 38.08   32.0 1.19 0.80 2.08
KEYERA FACILITIES INCOME FUND 25.27   0.0 0.00 0.00 0.00

RITCHIE BROTHERS AUCTIONEERS - RBA
RITCHIE BROTHERS AUCTIONEERS - RBA  


Older articles featuring Ritchie Brothers Auctioneers (RBA):
Dividend Champion And Contender Highlights: Week Of August 9
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