I was pleasantly surprised today with not one, but two dividend increases! I really felt like a big financial player explaining to my co-workers that I received another raise during my coffee break.
RBC increased its dividend by 6% from $0.54 to $0.57 cents per share payable on May 24th, 2012. The share price closed at a 2 percent increase even though first quarter profit fell 5 percent due to a sharp downturn in capital markets income.
TD Bank increased its dividend by 5.9% from $0.68 to $0.72 cents per share payable on April 30, 2012. TD also had a lower profit this quarter by 5.4% but for this investor, a $1.48 billion profit is nothing to scoff at.
As my living expenses grow and my paycheque remains stagnant, it’s comforting to know my dividend income is always increasing. If only a wise person would have taught me how to invest in dividend stocks when I was younger, then I would be well on my way to a very early retirement. Alas, here I am trying to show that anyone can slowly increase their wealth through dividend investing.
Both RBC and TD are on my current watchlist for 2012. You can check out my updated watchlist every Friday after the markets close.
Now, on with some weekend reading!
Boomer and Echo compared index funds to mutual funds. I definitely think Index funds are the way to go.
Dividend Growth Investor shared how he accumulates his positions over a long period of time.
Freedom 35 wrote about how he thinks paying down the mortgage may not be for everyone. With my hefty mortgage, I’d be a fool not to make extra payments.
Dividend Monk wrote about 4 dividend growth businesses with their own natural monopolies. I <3 CNR personally.
Invest It Wisely shared why you need spare cash to cover emergencies.
Susan Brunner reviewed my golden boy stock, Enbridge.
Dividend Watchdog spotted the two new dividend increases from RBC and TD.
Brad at Triage Investing Blog wrote an excellent article on when to sell stocks.
Young and Thrifty asks what your travel style is. I’m more of a Hippo lazing in the pool never venturing too far from the swim up bar at an all inclusive myself.
Have a great weekend, everyone!
