Jean Coutu Group (PJC.A.TO) Dividend Increase

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.

Aqua America (WTR) Dividend Stock Analysis

Aqua America

Aqua America (WTR) is the second largest water utility company in North America serving eight states serving approximately 3 million customers. The company intends to grow through acquisitions, and has made approximately 300 acquisitions and growth ventures since 1995. The company enjoys stability due to the nature of the industry and intends to look at unregulated and acquisition opportunities for growth. The company is a dividend contender having raised dividends for 23 consecutive years with a 5-yr dividend growth rate of 7.6%.

Continue Reading >

Apple Inc (AAPL) Dividend Increase

Apple
Apple Inc (AAPL) announced a 10.6% increase in its cash dividend. The quarterly cash dividend will increase from $0.47 to $0.52 per share and payable on May 14, 2015 to shareholders on record as of May 11, 2015. The annual dividend rate goes up from $1.88 to $2.08. Yield going forward is 1.57%.

In addition to the dividend raise, Apple increased its share repurchase program from $90B to $140B. Apple plans to utilize a cumulative total of $200 billion of cash by the end of March 2017 (Apple’s cash pile now stands at $197B).

Continue reading

Chatter Around the World – 93

Chatter Around the World is a curated weekly update of articles related to economics, investing, dividends and personal finance. In these weekly updates, I also capture my blog updates and news related to my portfolio holdings.

20 Largest Economies in 2013 (Image Source: Bloomberg)

20 Largest Economies in 2030

Image Source: Bloomberg

New Blog Posts

Let’s dive into the links that caught my attention this week.

Continue reading

Johnson & Johnson (JNJ) Dividend Increase

JNJ
Johnson & Johnson (JNJ) announced a 7.1% increase in its cash dividend. The quarterly cash dividend will increase from $0.70 to $0.75 per share and payable on Jun 9, 2015 to shareholders on record as of May 26, 2015 and ex-div date of May 21st. The annual dividend rate goes up from $2.80 to $3.00. Yield going forward is 3%.

In recognition of our 2014 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 53rd consecutive year“, said Alex Gorsky, Chairman and Chief Executive Officer of the company.

 My portfolio consists of 15 shares of JNJ, which increases my annual dividends from $42 to $45, an increase of $3.