Recent Dividend Increases

DivGrowthInfo The birth of our baby girl has kept me busy over the past few weeks. As such, I missed capturing the dividend increase announcements. Instead of posting each increase separately, I will capture the increase announcements in a single post here – for the sake of easier documentation.

On April 26, 2016 Wells Fargo & Co (WFC) announced a 1.33% dividend raise. The quarterly dividend increases from $0.375 to $0.38. The new dividend amount is payable Jun 1, 2016 to shareholders on record on May 6, 2016.

On April 26, 2016 Apple Inc (AAPL) announced a 9.62% dividend raise. The quarterly dividend increases from $0.52 to $0.57. The new dividend amount is payable May 12, 2016 to shareholders on record on May 9, 2016.

On April 27, 2016 The Jean Coutu Group (PJC.A.TO) announced a 9.09% dividend raise. The quarterly dividend increases from C$0.11 to C$0.12. The new dividend is payable May 27, 2016 to shareholders on record on May 13, 2016.

On April 28, 2016 Johnson & Johnson (JNJ) announced a 6.67% dividend raise. The quarterly dividend increases from $0.75 to $0.80. The new dividend amount is payable Jun 7, 2016 to shareholders on record on May 24, 2016.

On May 3, 2016 Cineplex Inc (CGX.TO) announced a 3.85% dividend raise. The monthly dividend increases from C$0.13 to C$0.135. The new dividend is effective May and will be paid in June 2016.

On May 12, 2016 Algonquin Power & Utilities Corp (AQN.TO) announced a 9.97% dividend raise. The quarterly dividend increases from US$0.0963 to C$0.1059. The new dividend is payable Jul 15, 2016 to shareholders on record on Jun 30, 2016.

On May 13, 2016 Power Corporation of Canada (POW.TO) announced a 7.63% dividend raise. The quarterly dividend increases from C$0.31125 to C$0.3350. The new dividend is payable Jun 30, 2016 to shareholders on record on Jun 9, 2016.

Be sure to check out Dividend Growth Info for regular weekly updates and follow DivGrowthInfo on Twitter for all dividend growth increase announcements.

Full Disclosure: Long all stocks mentioned above.

10 thoughts on “Recent Dividend Increases

  1. Thanks for sharing R2R. How the traffic on your Dividend Info site coming along? I have a post coming up next week about why we include DGI in our portfolio. Dividend raises have outpaced wage growth by a fantastic amount over the past 30 years.

    I think Jay was going to try and set up a video call between the three of us. I’m free most any time with notice. Look forward to catching up buddy
    -Bryan

    • The DGI is growing slowly. I need to market it more 🙂
      Thats an interesting data point to check…looking forward to the post.

      A video call with you and Jay sounds great…sign me up. I’ll send a message out to you guys to schedule the time.
      R2R

  2. Welcome you to parenthood! Congratulations on the birth of your daughter…hope the transition has been smooth for your family 🙂

    Also wanted to say how helpful the weekly post is on your Dividend Growth Info site. Thanks for creating it!

    • Thanks DiH. The transition has been pretty decent except for the first few nights where we didnt get much sleep.

      Im glad you like the weekly posts on DG info site! Be sure to share with your readers 🙂
      R2R

  3. Man, that 9% increase makes me envious of AAPL shareholders. I’d buy if I weren’t so wary of tech stocks. But I’m glad to be a JNJ shareholder right now. I wish they weren’t so expensive though.

    Your newborn daughter is a great reason to be distracted. Best to you and yours.

    Sincerely,
    ARB–Angry Retail Banker

    • Good to see regular dividend increases. Same here, I was a bit disappointed with the WFC increase, but I’ll take it for now.

      Thanks for stopping by and commenting
      R2R

Leave a Reply

Your email address will not be published. Required fields are marked *