CN Rail (CNR) has increased it's dividend by 7% to $0.27 per common share. That marks 14 consecutive dividend increases since the company went public in 1995. CN's 4th quarter revenue and adjusted earnings were both down from 2008.
Canadian grocer, Metro (MRU.A) has increased it's quarterly dividend by 23.6%! Metro now yields 1.7%. Adjusted fully diluted net earning were up 8% in the first quarter of fiscal 2010.
Tuesday, January 26, 2010
freight and food make investors richer
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3 comments:
Maybe CP Rail will follow suit
Here's hoping. They are due.
I was analyzing CN's dividend growth and noticed in bear markets (2001-2002 and 2008-2010) the dividend grows around 10% per annum. In bull markets the dividend grows from 15-30% per annum. What a great stock for the long run.
Here's the chart:
http://www.thinkdividendsblog.com/2010/01/cn-rail-increases-dividend.html
CHEERS
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