Canadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of Nov. 26

After a quiet week, earnings will once again pick up as Canada’s first set of banks start to report earnings. In total, there are seven Canadian Dividend All-Stars expected to release earnings. There are no guarantees this week, but we could see two announce a dividend increase. Although no All-Star was expected to raise dividends last week, investors were treated to a surprise announcement. Of note, all figures are in Canadian dollars unless otherwise noted.
Last Week - Results Last week, George Weston Ltd (OTCPK: WNGRF) [TSX:WN] surprised investors with a dividend raise along with third quarter results.
EST
DGR
EST
Increase
ACTUAL
DGR
ACTUAL
Increase
NEW
DIV
George Weston
N/A
N/A
5.10%
$0.025
$0.5150

This came out of the blue. George Weston, one of Canada’s leading grocery companies announced a 5.10% raise along with third quarter results. This was the company’s second dividend raise of the year having also raised this past May. Combined, the company has raised dividends by 13.33 % in 2018. This is far above the company’s historical averages.
The raise also marks the first time during its six-year streak that it has twice raised dividends in a calendar year. Like clockwork, the company had raised dividends along with first quarter results in early May. The raise was certainly an unexpected and welcomed surprise.
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