Canadian clothing retailer Le Chateau (CTU.A) has increased its quarterly dividend by 16.7% after announcing a whopping quarterly net earnings increase of 56%. This marks the 60th consecutive dividend paid by the company.
Here is a glance at Le Chateau's recent dividend history:
2003 - $0.10
2004 - $0.16
2005 - $0.20
2006 - $0.28 + $0.75 (special)
2007 - $0.50
2008 - $0.625
2009 - $0.70 (EST) - assuming no raise in late 2009.
This represents a compound annual growth rate of the dividend of over 38% through 2009. This is not including the special dividend paid in 2007 and assuming no dividend hike in late 2009.
2 comments:
I read the news this morning & added it to my Dividend Watchlist for CDN stocks
I like Reitmans better for their market position, diversity of banners, and locations, but this one is certainly interesting.
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