Since the beginning of the year, I've gotten a series of dividend increases from the companies I hold in my different portfolios. Here's a quick run-down of those.
Bank of Nova Scotia (Toronto: BNS) has just announced that after a 2-year freeze of its dividend, it was again on the rise with a 6% increase (from $0.49 to $0.52 per qurter). I own BNS in my TFSA account and in my DRiP portfolio. [Sector: Financials]
A few weeks ago, TransCanada Corp (Toronto: TRP) announced a 5% increase (from $0.40 to $0.42 per quarter). TRP kept icreasing its dividend steadily even during the worst of the financial crisis. I own TRP in my DRiP portfolio. [Sector: Utilities]
Another company was Abbott Laboratories (NYSE: ABT), which increased its quarterly dividend 9% (from US$0.44 to US$0.48). Abbott is another company in my DRiP portfolio. [Sector: Pharma]
Pfizer (NYSE: PFE) also announced a dividend increase, bumping it up 11% (from US$0.18 to US$0.20 per quarter). Againg, I own some Pfizer shares in my DRiP portfolio. [Sector: Pharma]
In a different sector, 3M Company (NYSE: MMM) raised its quarterly dividend 4.7% (from US$0.525 to US$0.55). My 3M shares are in my RRSP account and in my DRiP portfolio. [Sector: Industrial]
Hasbor (NYSE:HAS) played its part with an impressive 20% increase (from US$0.25 to US$0.30 quarterly) in my DRiP portfolio. [Sector: Consumer discretionary]
All told, these increases will add about $14 to my dividend income for 2011. This may look small, but that's because my holdings in most of these companies are small. Still, it means an additional 0.126% to my dividend yield.
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