Canadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of May 8-12, 2017

It will be another busy earnings week (May 8-12) as 21 Canadian Dividend All-stars as expected to report earnings. The good news for dividend growth investors is that a number of them are expected to announce dividend increases while a slew of others could also come through. 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 Loblaws (OTCPK: LBLCF) and Franco Nevada Corp (NYSE: FNV) would both announce a dividend increase and that Agrium (NYSE: AGU) could also announce an increase. Last week did not go exactly as planned as both Franco Nevada and Agrium failed to announce an increase. On the other hand, Loblaws did deliver as expected and two other Dividend All-Stars surprised with increase of their own. Here are my estimates vs actuals:

Once again, Loblaws increased their quarterly dividend by C$0.01/share continuing their dividend growth rate downtrend. Franco Nevada on the other hand did not announce their dividend during the first week of May, the first time they have failed to do so since they moved to a quarterly dividend in 2014. That being said, Franco Nevada is scheduled to announce earnings this week, so investors should get their dividend news this week at the latest. With no raise, Agrium has now kept their dividend steady for 9 straight quarters. As mentioned last week, this is not entirely surprising as their... Read more