Canadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of Aug 14-18

Earnings slow to a crawl this coming week as only one Canadian Dividend All-Star, Metro (OTCPK: MTRAF), is scheduled to report earnings next week, and it is not expected to raise earnings until next quarter. However, we do have some important updates from last week, so let’s take a look to see what happened.
Last Week - Results Last week, there was the potential for a handful of All-Stars to increase dividends and dividend growth investors (DGI) were rewarded with a couple of raises as both CAE Inc. (CAE) and Finning International (OTCPK: FINGF) [TSE:FTT] came through with slightly higher than expected raises. Likewise, Equitable Group (OTC:EQGPF) [TSE:EQB] investors were treated to a surprise dividend hike.

CAE investors welcomed a C$0.01/share quarterly raise despite missing on both the top and bottom lines. The double digit raise was slightly surprising given they only raised by 6.7% las year. However, it was, and continues to be, well positioned for future dividend growth as it has a relatively low payout ratio at 39% and their yield is slowly approaching 2%.
Finning also surprised slightly to the upside as they announced a new quarterly dividend of C$0.19/share after cash flows significantly improved this past year. After a few years of a declining market, Finning pointed to stronger demand in Canada, UK, Ireland and Argentina as reasons for its increased revenues and cash flow.
Given the struggles exhibited by Canada’s alternate lenders over... Read more