The first dividend raise
of the year! Canadian Utilities Ltd (CU.TO) announced
increase in its cash dividend. (On a side note, the sister company Atco Ltd (ACO.X.TO) shareholders got a 15% raise
) The quarterly cash dividend will increase from C$0.2950 to C$0.3250 per share and payable on Mar 01, 2016 to shareholders on record as of Feb 05, 2016.
Canadian Utilities has the longest streak of dividend raises in Canadian Dividend All-Star list with a 44-year streak. This raise keeps that tradition going on. The annual dividend rate goes up from C$1.18 to C$1.30. Yield going forward based on today’s closing stock price is 4.20%.
Canadian Utilities (CU.TO) Dividends & Dividend Growth Rates
consists of 50 shares of Canadian Utilities (read about my purchase here
from Aug 2015), which increases my annual dividends from C$59.00 to C$65.00, an increase of C$6.00.