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.

Recent Buy – Apple Inc

Apple

First purchase of 2016! Well, that didn’t take long…the year started off with one of the worst starts in the stock market going back a decade or so. With the depressed market comes great opportunity to buy quality assets and putting my money to work. Whenever I make a purchase, I like to share my buys to document and illustrate how I am building my income stream over the course of months/years. My main goal is simply to invest at regular intervals and build my passive income over the course of time. In a sort of ways, I am building my own pension, hoping to get to a point where I can simply live off my dividends without touching my principal investment.

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A Closer Look at Apple Services

Apple

Apple Inc (AAPL) is a global behemoth. In true tech-industry fashion, Apple has grown by leaps and bounds over the course of last few years and is now the most valuable company in the world. Much has been written about the legendary design and the Apple products – but one segment that does not get a lot of love from investors, although it might turn out to be one of the most important ones in the future – Apple Services segment. As technological revolution in hardware appearing to plateau, some authors and analysts have hinted at Apple looking to turn into a service-based software company rather than the hardware focus that it now remains. This article takes a closer look at Apple Services.

Apple’s Business Segments

The major business segments as of today are listed below. The major reported segments change over time as products rise and fall due to demand.

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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).

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The Death of IBM

The death of IBM

If you were asked to invest in a company with declining revenue, collapsing earnings and a company that has pretty much abandoned next years earnings forecast, would you invest in it? No? What if I told that the board of directors has a solution to this problem – which is repeated attrition and buying its own stock. Still no? Welcome to the life of (and possibly the death of IBM?) one of the oldest and largest tech companies in the world – International Business Machines (IBM).

The Tech Sector

As someone working in the tech industry, I find IBM to be a dinosaur. They are stuck in the old ways and are too sluggish to move forward. And especially in an industry where things move fast, even if you stand still – you are considered moving backward. I have written in the past about companies dying and go through a life cycle just like individuals. Nothing really lasts forever. Could this be the beginning of the end of IBM?

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