Speak of the devil, Husky Energy (HSE) just announced a big jump in earnings and yet another dividend increase of 25% to $0.50/share. I am having trouble keeping up with Husky's dividend activity, and I like it. Shareholders are surely benefiting from higher energy costs. Petro Canada (PCA) also announced a large increase to their more modest quarterly dividend (+54%).
Below is the way I see Husky's dividend history when all of the special dividends are included, and the split is factored in:
2006 - $1.13
2007 - $1.25
2008 - $1.56
2009 - $2.00 (EST)
The stock is yielding about 4.9% on today's share price.
7 comments:
has hse ever cut their dividend?
Rab ... they've only been increasing it the last few years. A few special dividends along the way to bump it up annually too. The major thing here is that this is the third time in as many quarters that they've increased their dividend by a substantial amount.
MG ... do you reinvest your dividends or take them in cash to reinvest in other securities? Seeing as how you're young and looking to accumulate by adding a DRIP onto your holdings you'll pick up more shares in most holdings quarterly and that will also help increase your dividend income as it gives you true compounding. Just a thought if you aren't already doing it.
bean, I have 4 DRIPs set up but I reinvest dividends into the stock of my choosing for most of my stocks. This is less efficient because I pay brokerage fees, however I like the fact that I can concentrate my buying into what I believe to be cheap. In the future I may consider setting up synthetic DRIPs for some or all of my remaining stocks.
I've revised the dividend figures to what I think they are based on Husky's investor relations, which unfortuneately are not split adjusted.
There some speculation on the street that Husky will do what EnCana did and split itself into two by spinning out its oilsands division.
With 450m-odd shares outstanding, and about 80% owned by Li Kai Shing, this would mean a pay day for him of about $180m. I think that's who is really making money from this payment...
Post a Comment