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:

Thursday, February 9, 2012

Shoppers Drug Mart Dividend Increase

  ANNUAL DIVIDEND INCREASED BY 6.0% TO $1.06 PER SHARE
  RENEWAL OF SHARE REPURCHASE PROGRAM
TORONTO, Feb. 9, 2012 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011.
Fourth Quarter Year-Over-Year Highlights
  • Sales increase of 4.3% to $2.607 billion
    • Same-store increase of 3.4%
  • Pharmacy sales increase of 2.8% to $1.177 billion
    • Same-store increase of 2.3%
  • Prescription count increase of 3.9%
    • Same-store increase of 3.8%
  • Front store sales increase of 5.5% to $1.430 billion
    • Same-store increase of 4.4%
  • Net earnings per share of $0.82, an increase of 5.1%
Fiscal 2011 Highlights
  • Sales increase of 2.6% to $10.459 billion
    • Same-store increase of 1.9%
  • Pharmacy sales increase of 0.8% to $4.997 billion
    • Same-store increase of 0.6%
  • Prescription count increase of 3.8%
    • Same-store increase of 3.8%
  • Front store sales increase of 4.4% to $5.462 billion
    • Same-store increase of 3.2%
  • Net earnings per share of $2.84, an increase of 4.4%
  • Declared four quarterly dividends of 25 cents per common share
  • Repurchased 5,202,100 common shares at an aggregate cost of $212 million 
Shoppers announced that it increased its dividend by 6% today from $1.00 to $1.06 per share. SC has a dividend payout ratio of 36% and is currently yielding 2.60% with its new dividend increase. Since it started paying a dividend in 2005, Shoppers has managed to increase it every year even through the 2008-2009 melt down as shown in the chart below: