Thursday, February 22, 2018

Dividend Increase – Magna International Inc. (MGA)


Today, February 22 the Board of Directors of Magna International Inc. announced a quarterly dividend increase of from $ 0.275 to $ 0.33 per share that’s payable March 23, 2018 to holders of record March 9, 2018. This represents a 20.0 % increase to regular quarterly dividends. With current price $ 55.29 (yesterday's close), this raise brings their dividend yield to 2.39 %.

“Our strong earnings growth and cash flow have enabled us to return significant amounts of capital to shareholders. Our 20% dividend increase, the ninth consecutive annual dividend increase, reflects the confidence that both management and our Board have in Magna’s future.”
- Vince Galifi, Magna’s Chief Financial Officer

Tuesday, February 20, 2018

Recent Buy - Fortis Inc. (FTS.TO)

On Monday February 12, I bought 40 shares of Fortis Inc. at CA$ 41.29 per share plus commission.






Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 420,000 retail customers in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts (MW) comprising 54 MW of solar capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 64 MW; and distributes natural gas to approximately 994,000 customers in approximately 135 communities in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 549,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 264,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 79,000 customers through generating facilities with a combined capacity of 145 MW. Additionally, it provides integrated electric utility service to approximately 65,000 customers in Fort Erie, Cornwall, Gananoque, Port Colborne, and the District of Algoma in Ontario; approximately 43,200 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos, as well as holds long-term contracted generation assets in British Columbia and Belize, and Aitken Creek. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Sunday, February 18, 2018

Week in Review 7/18




Welcome and thanks for reading!
In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.

Saturday, February 17, 2018

Dividend Increase – AbbVie Inc. (ABBV)






On Thursday AbbVie announced a quarterly dividend increase of from $ 0.71 to $ 0.96 per share that’s payable May 15, 2018 to holders of record April 13, 2018. This represents a 35.21% increase to regular quarterly dividends.


With current price $ 115.23 (Friday's open), this raise brings their dividend yield to 3.33%. 

Friday, February 16, 2018

Dividend Increase – The Coca-Cola Company (KO)


Yesterday the Board of Directors of The Coca-Cola Company announced a quarterly dividend increase of from  $ 0.37 to $ 0.39 per share that’s payable April 2, 2018 to holders of record March 15, 2018. This represents a 5.41% increase to regular quarterly dividends. 

With current price $44.78 (yesterday's close), this raise brings their dividend yield to 3.48%. 

Thursday, February 15, 2018

Dividend Increase – Cisco Systems, Inc. (CSCO)



Yesterday the board of directors of Cisco Systems, Inc. announced a dividend increase of from $ 0.29 to $ 0.33 per share that’s payable April 25, 2018 to holders of record April 5, 2018. This represents a 13.79% increase to regular quarterly dividends. 

Cisco’s board of directors has also approved a $25 billion increase to the authorization of the stock repurchase program. There is no fixed termination date for the repurchase program. The remaining authorized amount for stock repurchases including the additional authorization is approximately $31 billion.
 
With current price $ 42.09 (yesterday's close), this raise brings their dividend yield to 3.14%. 

Wednesday, February 14, 2018

Dividend Increase – T. Rowe Price Group, Inc. (TROW)


Yesterday T. Rowe Price Group, Inc. announced a dividend increase of from $ 0.57 to $ 0.70 per share that’s payable March 29, 2018 to holders of record March 15, 2018. This represents a 22.8% increase to regular quarterly dividends.  This will mark the 32nd consecutive year since the firm's initial public offering that the company will have increased its regular annual dividend.

With current price $ 103.94 (tuesday's open), this raise brings their dividend yield to 2.69%.