Tuesday, January 31, 2012

Metro Dividend Increase

(Montreal, January 31, 2012) – METRO INC. (TSX : MRU.A) announced its results today for the first quarter ended December 17, 2011.

  • Net earnings of $103.7 million, up 8.6%
  • Fully diluted net earnings per share of $1.01, up 11.0%
  • Sales of $2,711.7 million, up 3.4%
  • Same store sales up 1.7%
  • Declared dividend of $0.215 per share, up 11.7%
  • First financial statements prepared according to International Financial Reporting Standards (IFRS) 
 With over 600 food stores , Metro is a major competitor in the grocery and pharmaceutical sectors of Ontario and Quebec. MRU hit an all time high today with a closing price of $54.74 and its current yield with the new dividend is 1.57%. While Metro's dividend yield is always low, it has managed to increase it over the years and is truly a dividend growth stock. Here's a look at Metro's split adjusted dividend since 1997:


Wednesday, January 25, 2012

Potash Corp Doubles Dividend

SASKATOON, Jan. 25, 2012 /PRNewswire/ - Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that its Board of Directors has approved an increase of the company's quarterly cash dividend (from $0.07 per share to $0.14 per share), and declared a quarterly cash dividend of US $0.14 per common share payable May 3, 2012 to shareholders of record on April 12, 2012. 

"In addition to using our strong cash flow to grow our world-class fertilizer business, we have a proven track record of returning capital to our shareholders," said PotashCorp President and Chief Executive Officer Bill Doyle. "This announcement to double the dividend - the second time in the past year - reflects the confidence we have in the drivers of our business and our commitment to creating superior long-term shareholder value." 

Although Potash Corp is not a strong dividend growth stock, it is definitely a growth stock to keep an eye on.  The fertilizer products they produce are used by countries around the globe and their dividend is paid out in U.S dollars.

Tuesday, January 24, 2012

CN Dividend Increase

MONTREAL, Jan. 24, 2012 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a 15 per cent increase in the Company's quarterly cash dividend. A quarterly dividend of thirty-seven-and-one-half cents (C$0.375) per common share will be paid on March 30, 2012, to shareholders of record at the close of business on March 9, 2012. 

Luc Jobin, CN executive vice-president and chief financial officer, said: "We are rewarding our shareholders with another dividend increase, which demonstrates our confidence in CN's growth prospects and capacity to generate solid free cash flow consistently throughout business cycles."

This is the 16th consecutive dividend increase for CN since its IPO in 1995. One thing I like about railroads is that they perform well no matter what shape the economy is in. With a dividend expense ratio of 25%, CN's dividend will likely keep on chugging for years to come. Here's a look at CN's dividend history since 1996.

Thursday, January 12, 2012

SHAW Dividend Increase

CALGARY, ALBERTA--(Marketwire - Jan. 12, 2012) - Shaw Communications Inc. ("Shaw") (TSX:SJR.B) (NYSE:SJR) announced today that its Board of Directors has increased the equivalent annual dividend rate to $0.97 on its Class B Non-Voting Participating Shares and $0.9675 on its Class A Participating Shares. This represents an increase of 5% or $0.05 per share. Shaw's dividends are declared and paid on a monthly basis and this increase will commence March 29, 2012. 

Some investors are concerned with the amount of money the Shaw brothers have been taking out of the company for their executive pay. They justify their wages by comparing SHAW with what other larger companies pay their executives. The share price hasn't moved over the past few years and even though they keep increasing their dividend, it's not going to last if the Shaw brothers run Daddy's company into the ground.

ATCO Dividend Increase

CALGARY, ALBERTA--(Marketwire - Jan. 12, 2012) - The Board of Directors of ATCO Ltd. today declared a first quarter dividend of 32.75 cents per Class I Non-Voting (TSX:ACO.X) and Class II Voting share (TSX:ACO.Y), a 15% increase over the 28.5 cents paid in each of the previous four quarters. The dividend is payable March 31, 2012, to shareholders of record on March 9, 2012.

ATCO class B non voting shares were created on November 19, 1973. Taking a look at the dividend for the last 12 years we can see that it has been increased every year in that time period.

Nal Energy Cuts Dividend

CALGARY, ALBERTA--(Marketwire - Jan. 11, 2012) - NAL Energy Corporation (TSX:NAE) ("NAL" or the "Corporation") announces that it will be meeting with the investment community in Calgary, Alberta today at 2:00 pm MST to outline details of NAL's 2012 guidance with a focus on the Corporation's operating plan, key plays and prospects, and financial assumptions. 


NAL's 2012 plan targets a dividend payout ratio of approximately 35 percent of current year cash flow. This objective balances the development of the Corporation's extensive inventory of light oil opportunities, maintains a competitive dividend and retains financial flexibility.

In light of the current weak AECO natural gas price and uncertain economic outlook for 2012, the Board of Directors has decided to reduce NAL's monthly dividend to $0.05 per share from $0.07 per share effective with the January dividend payable in February, 2012.

NAL's business plan for 2012 improves the sustainability of the Corporation for the long-term and preserves the balance sheet for acquisition opportunities that will create incremental value for our shareholders.

Tuesday, January 10, 2012

Corus Entertainment Dividend Increase

 Corus Entertainment Announces Fiscal 2012 First Quarter Results
• Monthly dividend increased by 10%
• Consolidated revenues up 7% and segment profit up 1%
• Television revenue up 10% and segment profit maintained
• Radio revenue down 5% and segment profit down 11%
• Net income attributable to equity shareholders from continuing operations up 9%

(January 10, 2012 – Toronto, Canada) Corus Entertainment Inc. (TSX: CJR.B) announces its first quarter financial results.

“We are very pleased with our Q1 results and in particular, the renewed signs of strength we witnessed in the ad economy,” said John Cassaday, President and CEO of Corus Entertainment. “Double digit ad sales growth for our Women’s networks, continued growth on our Kids business powered by strong merchandising sales and strong evidence of a turnaround underway in our Vancouver Radio cluster, are all positive indicators that we are poised to achieve our growth targets in fiscal 2012.”

With the latest dividend increase, CJR.B is now paying $0.24 cents a share per quarter. Corus Entertainment started paying a semi-annual dividend in December of 2003. In December of 2006 they began paying a quarterly dividend and have increased it every year except in 2010. By looking at this chart, we can follow the dividend of  CJR.B from 2003 to the present: