Monday, March 26, 2012

SNC Lavalin Dividend Increase

The board of directors of SNC-Lavalin has increased the quarterly cash dividend by 4.8% to $0.22 per share.

There's plenty of drama to be had with SNC-Lavalin these days. The CEO Pierre Duhaime stepped down amid allegations he allowed a series of unauthorized payments of $56-million to be made by a former vice president.

The current dividend payout ratio for SNC is 29% which is very low compared to most dividend payers. Looking back we can see that SNC has increased its dividend since 2000 according to the chart below.

Tuesday, March 6, 2012

Scotiabank Dividend Increase

Scotiabank increased it's dividend today by 6%.  The quarterly dividend went from $.52 cents to $.55 cents. BNS profit rose 15% this first quarter to 1.4 million compared to 1.25 million in 2011. Scotiabank is Canada's 3rd largest bank by assets at 1.44 billion. With the new dividend increase, BNS still has a dividend payout ration of 47% which says to me that there should be plenty of dividend increases down the road. Let's take a look Scotiabank's dividend history since 1996:

Thursday, March 1, 2012

TD Dividend Increase

TORONTO, March 1, 2012 /PRNewswire/ - The Toronto-Dominion Bank (the Bank) today announced that a dividend in an amount of seventy-two cents (72 cents) per fully paid common share in the capital stock of the Bank has been declared for the quarter ending April 30, 2012, payable on and after April 30, 2012, to shareholders of record at the close of business on April 4, 2012. This represents an increase in the quarterly dividend of 4 cents or 5.9 per cent compared with last quarter. 

Despite a lower quarter profit then in 2011, TD managed to pop out a dividend increase. An almost 6% dividend increase still beats inflationary increases which average from 2-4% so it still looks good to me. Even with the new dividend increase, TD's dividend payout ratio is only 45% which looks very strong for future dividend increases. Let's take a look at TD's dividend history since 2000:

RBC Dividend Increase

TORONTO, March 1, 2012 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced an increase to its quarterly common share dividend of 3 cents per share or 6 per cent to 57 cents, payable on and after May 24, 2012, to common shareholders of record at the close of business on April 25, 2012. 

RBC posted a 1.82 billion dollar first quarter profit today which was down slightly from 2011. With a dividend ratio of 71%, RBC will surely be able to keep up dividend payments. If not they will just have to increase user fees like they always do. Let's have a look at RBC's dividend history since 2000:

Tuesday, February 21, 2012

Telus Dividend Increase

CALGARY, Feb. 21, 2012 /PRNewswire/ - NOTICE IS HEREBY GIVEN that the Board of Directors has declared a quarterly dividend of sixty-one cents ($0.61) Canadian per share on the issued and outstanding Common shares and sixty-one cents ($0.61) Canadian per share on the issued and outstanding Non-Voting shares of the Company payable on July 3, 2012, to holders of record at the close of business on June 8, 2012.

In the event that the proposed share conversion of Non-Voting Shares to Common Shares on a one-for-one basis receives all requisite approvals and is effective prior to the dividend record date of June 8, 2012, holders of record on such date who previously held Non-Voting Shares would hold Common Shares and would therefore receive the same dividend as all other holders of Common Shares.

This new quarterly dividend is a three cent or 5.2 per cent increase from the $0.58 quarterly dividends paid on January 3 and to be paid on April 2, 2012 and 10.9 per cent increase from the $0.55 quarterly dividend paid in July 2011. 

Telus is Canada's third largest telecom company that has a major holding in western Canada. Telus has a current dividend payout ratio of 63%. Telus also raised its dividend twice last year, but its prior dividend growth looks like a can of smashed A-holes. Take a look for yourself in the chart below:

Sunday, February 19, 2012

Coca Cola Dividend Increase

ATLANTA (Business Wire) -- The Board of Directors of The Coca-Cola Company today approved the Company's 50th consecutive annual dividend increase, raising the quarterly dividend 8.5 percent from 47 cents to 51 cents per common share. This is equivalent to an annual dividend of $2.04 per share, up from $1.88 per share in 2011. The first quarterly dividend is payable April 1, 2012, to shareowners of record as of March 15, 2012. 

The increase reflects the Board's confidence in the Company's long-term cash flow. The Company returned $8.6 billion to shareowners in 2011, through $4.3 billion in dividends and $4.3 billion in share repurchases. 

Coca-Cola has paid dividends consecutively every year since 1920 and with a current dividend yield of 52%, KO will be able to easily maintain its dividend for a long time. Here's a look at KO's stock split adjusted, dividend payment history since 1997:

Thursday, February 16, 2012

TransCanada Dividend Increase

CALGARY, ALBERTA--(Marketwire - Feb. 14, 2012) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that the Board of Directors (Board) of TransCanada declared a quarterly dividend of $0.44 per common share for the quarter ending March 31, 2012 on the Company's outstanding common shares, a five per cent increase over the $0.42 per share paid in each of the previous four quarters. The common share dividend is payable on April 30, 2012 to shareholders of record at the close of business on March 30, 2012.

Even with the problems of the Keystone Pipeline, TransCanada was able to increase their dividend by 5% today. The current dividend payout ratio for TRP is 83% which is a little high for my liking. This is the 12th consecutive dividend increase since 2000 when TransCanada cut its dividend by 29% as seen in the chart below: