I was excited to learn that Emera increased its dividend. The board of directors approved an increase of $0.05 to its common share annual dividend from $1.40 to $1.45, an increase of 3.57%. Not the biggest dividend increase I’ve ever seen, but I’ll take what I can get these days.
Every dividend increase brings me one step closer to a financially fortified retirement. With the uncertain future of CPP and OAS, I’m not counting on any help from the government. In fact, I wish my CPP and EI premiums were put in a separate account instead of being pooled with everyone else. Wishful thinking indeed but it sure would stop people from abusing the system.
Regardless, the Canadian utilities aren’t doing so well in this low interest environment so any increases are a welcomed sight. If anything it’s a great time to buy more shares of Emera or Fortis while the price is right. I’m still a little leery with what’s happening with the U.S government and the ridiculous amount of debt that keeps getting pushed under the rug. Until they come up with an actual solid game plan to deal with such a large debt, I’ll be waiting to see how their decision affects the markets.
In the meantime…
I’ll just be watching the markets for a good time to buy in. The dividends just keep rolling in so I’ll be able to buy more shares the longer I wait. Some might argue I lose out on more dividend payments as I wait but it all evens out with lower entry points by the way I calculate it. The more shares I can buy with less capital, the better it is over time.
I have more important things to currently worry about now than in the future. Instead of investing a majority of my money in dividend stocks, I need to save more money for a down payment on a house yet again. This time I’ll be building in a smaller center so it won’t take as much money as it did in Edmonton. Life always likes to throw curveballs to catch you off guard no matter how much you plan for them. I’ll be posting more about the plan in future posts and I keeping you updated on the progress. Thanks for reading and may your dividends always increase!
Do you own shares in Emera?