Canadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of May 1-5, 2017

It will be a busy earnings week (May 1-5) as 14 Canadian Dividend All-stars are expected to report earnings. Despite the high number of earnings, only two are expected to announce increases, while one other is questionable. Let's take a look at their streaks and estimate what their raise will be.
Last Week - Results
Before we get to this week's anticipated dividend raises, last week I estimated that Jean Coutu Group (OTCPK: JCOUF) and Methanex (Nasdaq: MEOH) would both announce a dividend increase and that Imperial Oil (NYSEMKT:IMO) could also come through with a raise. The good news for dividend growth investors is that all three delivered as expected. Here are my estimates vs. actuals:

Jean Coutu Group maintained their consistency by bumping their dividend C$0.01 for an 8.3% increase and a new quarterly rate of C$0.13. Despite 8 straight quarters without an increase in dividends, I explained that all signs pointed to Methanex raising their dividend. Methanex did not disappoint, growing their dividend by 9% to a new quarterly rate of $0.30 and as such will maintain their status as a Canadian Dividend All-Star. Of note, Methanex pays their dividends in US funds, one of a baker's dozen of All-Stars to do so. Finally, Imperial Oil's unpredictability made me question whether or not they would raise their dividends as they did in April of last year. The good news is that IMO came through and announced an as expected 6.7% increase to their quarterly... Read more