The Jean Coutu Group (PJC.A.TO) announced 10% increase in its cash dividend. The quarterly cash dividend will increase from $0.10 to $0.11 per share and payable on May 29, 2015, to shareholders on record as of May 15, 2015. The annual dividend amount increases from $0.40 to $0.44. Yield going forward is 1.78%.
From the Q4 earnings report:
- Revenues increased by 4.2% to $713.9 million in the fourth quarter of fiscal year 2015 compared with the same quarter of last year.
- Net profit per share remained stable at $0.30 during the fourth quarter of fiscal year 2015 compared with the same quarter of last year.
- The quarterly dividend increased by 10% to $0.11 per share.
- The Toronto Stock Exchange accepted the Corporation’s notice of intention to purchase up to 7,983,000 of the Corporation’s outstanding class “A” subordinate voting shares in the 12-month period ending May 6, 2016.
My portfolio consists of 100 shares of PJC.A.TO, which increases my annual dividends from $40 to $44, an increase of $4.