Classic moneygardener; Revisiting an old post from September 12, 2007.....
List compiled with inspiration from young, (age 25 - 35), friends and relatives (ie they helped me compile this list without realizing they did so)
It's time to report my bimonthly net worth. I report my net worth on the moneygardener or around the 15th of May, July, September, November, January, and March.
Net worth results for the 2 Months Ended March 15, 2010:
Well back in the summer I exclaimed Shoppers Drug Mart should increase their dividend! They did just that today as they hiked their payout 5%. Apparently this was in line with their earnings growth this year and makes their pay out ratio of 33% 'sector leading'.
So I made my first few trades of 2010 today:
Bought Intel (INTC) for my wife's RRSP.- trading at just 12x 2010 forecasted earnings- yield is over 3% and dividend was just raised recently- good dividend growth history- dominate their industry in an oligopoly- turn over should increase with Microsoft's Windows 7 looking good
CN Rail (CNR) has increased it's dividend by 7% to $0.27 per common share. That marks 14 consecutive dividend increases since the company went public in 1995. CN's 4th quarter revenue and adjusted earnings were both down from 2008.
It's time to report my bimonthly net worth. I report my net worth on the moneygardener or around the 15th of May, July, September, November, January, and March.
Net worth results for the 2 Months Ended January 15, 2010:
For the 37th consecutive year, Canada-based power distributor Fortis (FTS) has hiked their dividend. This increase came in at 7.7% from $0.26 to $0.28 per share.
This holding of mine represents a good example of how dividend increases and a timely purchase can add up to a profitable situation over time.