Thursday, June 18, 2009

72 dividend hikes...

Dividend hikes can sometimes be signals of good financial health; a vote of confidence in the future by a company's management. Yes, amid the credit crisis, recession, and general 'sky is falling' theme, some firms are raising the amount of money they are paying to shareholders on a regular basis. Here is some of the action that has transpired since Lehman Brothers failed in September of 2008.

Shaw Comm. (SJR.B) + 5% raise, pay out ratio = 45%, yield=4.5% telecom
Canadian Utilities (CU) +6% raise, pay out ratio = 40%, yield=4.0% utility
ATCO (ACO.X) +6% raise, pay out ratio = 20%, yield=2.7% utility
CN Rail (CNR) +10% raise, pay out ratio = 23%, yield=2.1% transport
TransAlta (TA) +7% raise, pay out ratio = 91%, yield=5.6% utility

BP (BP) +6% raise, pay out ratio = 53%, yield=6.9% energy
TransCanada (TRP) +6% raise, pay out ratio = 58%, yield=4.9% utility
Fortis (FTS) +4% raise, pay out ratio = 63%, yield=4.3% utility
ADM (ADM) +8% raise, pay out ratio = 18%, yield=2.1% ag./commodity
Toromont (TIH) +7% raise, pay out ratio = 26%, yield=2.6% industrial

BCE (BCE) +5% raise, pay out ratio = 62%, yield=6.5% telecom
Rogers (RCI.B) +16% raise, pay out ratio = 64%, yield=3.8% telecom
3M (MMM) +2% raise, pay out ratio = 40%, yield=3.5% industrial
Coca Cola (KO) +8% raise, pay out ratio = 61%, yield=3.4% cons. staple
Abbott Labs (ABT) +11% raise, pay out ratio = 45%, yield=3.5% healthcare
Wal-Mart (WMT) +15% raise, pay out ratio = 28%, yield=2.2% retailer

P&G (PG) +10% raise, pay out ratio = 37%, yield=3.5% consumer staple
J&J (JNJ) +7% raise, pay out ratio = 38%, yield=3.6% healthcare
IBM (IBM) +10% raise, pay out ratio = 22%, yield=2.1% technology
Exxon (XOM) +5% raise, pay out ratio = 21% , yield=2.3% energy
Clorox (CLX) +9% raise, pay out ratio = 48%, yield=3.6% consumer staple

Other dividend hikes came from companies such as:
Diageo, Thomson Reuters, Costco Wholesale, Target, SYSCO, ING Canada, Molson Coors, Tim Hortons, Monsanto, Genuine Parts, Metro, Progress Energy, CCL, WPP PLC, SNC Lavalin, Uni-Select, General Dynamics, Jean Coutu, McGraw Hill Ryerson, Home Capital Group, National Grid, Vodafone, Cardinal Health, Marsulex, Telus, Florida Public Utilities, National Fuel Gas, Oil Dri Corp., Flowers Foods, Lowes, PPD, Supervalue, Pepsico, McDonalds, Assurant, Excel Energy, Ace, Airgas, AmerisourceBergen, AAON, Raven Industries, Bunge, Communications Systems, Portland General Electric, Amtrust Financial, FactSet Research, Talisman Energy, Safeway, Occidental, Southern Company, JM Smucker, Hudson City Bancorp.........the list is endless if you read Dividends4Life.

2 comments:

Magna RX said...

Amid the credit crisis, recession, and general 'sky is falling' theme, some firms are raising the amount of money they are paying to shareholders on a regular basis.

MoneyEnergy said...

Good to see.... I own at least five of those. I wonder if dividends are more popular per capita in Canada than in the U.S.? I know we love our divs, that's for sure. I don't think I'll ever buy a pure growth play again. Unless maybe it's potash:)