A Flurry of Dividend Hikes

I’ve been trying hard to catch up on the Dividend Inceases, but RRSP and Tax Season here in Canda is a nightmare!  This is the first year that I will be claiming rental income on my tax return, along with the appropriate deductions that come along with being an owner of income producing real property.  I digress…back to dividends.

Sun Life Financial (SLF), one of my absolute favorite insurance holdings, has bumped its quarterly dividend to $0.32. This is based on earnings of $3.62/share, up 11.7% from 2005.

Cannacord Capital is increasing its dividend by 25% even though thier profit declined over the past year. The Vancouver-based company said its profit in the three months ended Dec. 31. amounted to 49 cents per share diluted, compared with a year-before $24.2-million or 52 cents per share. However, quarterly revenue improved by 12.4 per cent to $178.3-million from $158.7-million a year earlier.

Thomson Corp. has increased the dividend on thier shares by 11%, citing an 8% increase in fourth quarter revenue.
CEO Richard harrington had this to say about the future of the company:
“Thomson has more opportunity than ever before, and we have never been better positioned to seize it,” CEO Richard Harrington said after Thomson boosted its dividend by 11 per cent while reporting an eight per cent increase in fourth-quarter revenue and adjusted earnings.

After transforming itself from a print-media company with other interests ranging from oil to leisure travel, “the vast majority of our products are electronic, and they are growing at double-digit or high-single-digit rates,” Mr. Harrington said from the Toronto-incorporated company’s head office in Stamford, Conn,

“We provide must-have products and services for high-end professionals such as lawyers, accountants, bankers, brokers, doctors and scientists who are essential to the knowledge economy.”

Source: Globe and Mail

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