Three more of my companies have recently increased their dividend payments.
Exchange Income Corporation (Toronto: EIF) announced in early April that it was raising its dividend from $0.13 to $0.135 each month, a 3.8% increase. The company was also announcing the acquisition of Westower Communications, a company that designs, builds, maintains and services wireless phone and other communications towers throughout North America.
Last week, Johnson & Johnson (NYSE: JNJ) announced a small 5.6% boost to the quarterly dividend, from $0.54 to $0.57 per share.
On Monday, Suncor (Toronto: SU) also announced an increase to the quarterly dividend, from $0.10 to $0.11 per share, a 10% increase.
Finally, this morning PepsiCo (NYSE: PEP) announced a 7% increase to its dividend, from $0.48 to $0.515 per quarter.
I own shares of EIF, JNJ and SU in my DRiP portfolio, whereas most of my PEP shares are in my RRSP.
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