Introducing Dividend Growth Info

DivGrowthInfo

Hi all,

Lately, I’ve been putting some time into a new project. At first it just started off as exercise in gathering data about dividend announcements (both raises and cuts) by companies — and maintaining a centralized list and sharing with the community (available here). This involves a lot of manual work and needs some input from my end on a regular ongoing basis.

But I also decided to further this project by registering a new site which solely focuses on dividend growth increase and cut announcements. I decided to host this on a separate site as I simply wanted to keep this as a reporting/factual information location instead of including my personal views & takes on companies.

The new site: Dividend Growth Info

Sprinkle-in some added boredom in addition to extra time over the past couple of weekends and I decided to borrow and tweak a Twitter bot which periodically tweets the announcements.

Be sure to follow the Twitter bot here: DivGrowthInfo

As to what the future holds on this new project — I’m not sure. I want to make it a useful resource for the community and I welcome your input for new developments and ideas. Also, if you want to help out the community by working on this project, send me an email at info@roadmap2retire.com

Meanwhile, I ask my fellow bloggers to spread the word and follow/share the site and Twitter bot.

cheers,

R2R

Chatter Around the World – 137

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.

World Oil Supply And Demand

World Oil Demand Continues to Rise – But Supply Outpaces

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

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Magna International Dividend Increase

Magna International

Magna International Inc (MG.TO)(MGA) announced a dividend increase of 13.64%. The quarterly dividend increases from US$0.22 to US$0.25 per share and payable on Mar 24 2016, to shareholders of record on Mar 11, 2016.

Even though Canadian, the company reports all its financials (including dividend declaration & issuance) in US$.

Magna is a Dividend Challenger and this is the 7th consecutive dividend increase from the company. The annual dividend amount increases from US$0.88 to US$1.00. Yield going forward is 2.82%.

From the earnings release statement:

Vince Galifi, Magna’s Chief Financial Officer, stated: “Our quarterly dividend of $0.25, an increase of 14%, represents a record dividend rate for Magna. This is the sixth straight year of dividend increase in the fourth quarter, reflecting our commitment to returning capital to shareholders and the ongoing confidence our Board has in Magna’s future.”

Our portfolio consists of 50 shares of Magna International, which increases our annual dividends from US$44.00 to US$50.00, an increase of US$6.00.

Toronto-Dominion Bank Dividend Increase

TD Bank

The Toronto-Dominion Bank (TD) announced a dividend increase of 7.84%. The quarterly dividend increases from C$0.51 to C$0.55 per share and payable on and after April 30, 2016, to shareholders of record at the close of business on April 8, 2016.

TD is a Dividend Challenger and this is the 6th consecutive dividend increase from the company. The annual dividend amount increases from C$2.04 to C$2.20. Yield going forward is 4.29%.

From the earnings release statement:

“We are pleased to report adjusted earnings of $2.2 billion, up 6% from the first quarter last year,” said Bharat Masrani, TD President and Chief Executive Officer. “Our performance reflects organic growth, favourable currency translation and expense management. Our first quarter results demonstrate the ability of our diversified business model to perform in a challenging environment. Looking ahead, we remain focused on driving organic growth, improving our productivity, adapting and innovating with new initiatives and investments, and helping our customers achieve their goals.”

Our portfolio consists of 50 shares of TD, which increases our annual dividends from C$102.00 to C$110.00, an increase of C$8.00.

Diversification of Canadian Banks – Take Two

Last week, I posted an article that took a deep dive on the geographical diversification of the Big Five Canadian banks – Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Bank of Montreal (BMO) and Canadian Imperial Bank of Commerce (CM). The article can be found here.

In that article, I presented data for geographical revenue diversification of the banks – and presented 10-year trend charts.

Revenue provides only part of the story, and I decided to continue digging and pull the earnings numbers as well. Unfortunately, the earnings presented in the annual reports are broken down by segment and not geographical regions, so there is no apple-to-apple comparison to see which geography is earning the most. However, looking at the segment breakdown can also provide some insight on which direction a bank is headed.

For the sake of completeness, I am also including the charts for geographical revenue diversification in addition to the earnings-by-segment charts. Enjoy.

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