Canadian All-Star Stocks: Dividend Increases - Week Of April 27

Canadian Dividend All-Stars are companies that have raised dividends for at least five consecutive years.
CAE suspended the dividend - the 4th All Star to either cut or suspend the dividend.
This week, there are 3 All-Stars that may raise dividends.
After a quiet couple of weeks, dividend growth is expected to ramp up over the next few weeks. That is of course, if companies follow regular dividend growth patterns. In this environment of uncertainty, more companies are taking a cautions approach and are opting to conserve cash instead.
This has led to several dividend cuts and suspensions. As of writing, there have been 47 TSX-listed companies which have either cut or suspended the dividend. Of those, three are Canadian Dividend All-Stars.
Since the last update, CAE Inc (TSX:CAE)(NYSE: CAE) became the fourth All-Star as it announced a temporary suspension to the dividend. It joined A&W Royalties Income Fund (OTC:AWRRF)[TSX:A&W.UN], NFI Group (OTCPK: NFYEF)[TSX:NFI] and Inter Pipeline (OTCPK: IPPLF)[TSX:IPL] as the only four All-Stars whose dividend has been impacted - thus far. The longer the economy takes to recover, the more likely others will join them.
Given the continued uncertainty, it is likely that many companies will opt to keep the dividend steady if COVID-19 mitigation efforts are having a material impact on operations. With more than a dozen All-Stars expected to raise dividends over the next few weeks, it will be interesting to see what trends emerge.
Of note, all figures are in Canadian dollars unless otherwise noted.
Upcoming Dividend Raises
Loblaw Companes (OTCPK: LBLCF)[TSX:L]
Current Streak: 8 years Current Yield: 1.68% Earnings: April 29, 2020 What can investors expect: Canada’s largest grocery chain, Loblaw is scheduling to report first quarter results this coming Wednesday. Over its modest eight-year streak, Loblaw has announced their annual dividend raise at this time.
Of all companies due to... Read more