I’ve been trying hard to catch up on the Dividend Inceases, but RRSP and Tax Season here in Canda is a nightmare!Â 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.Â 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:
â€œThomson has more opportunity than ever before, and we have never been better positioned to seize it,â€ 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, â€œthe vast majority of our products are electronic, and they are growing at double-digit or high-single-digit rates,â€ Mr. Harrington said from the Toronto-incorporated company’s head office in Stamford, Conn,
â€œWe 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.â€
Source: Globe and Mail