Canadian All-Star Stocks: Dividend Increases - Week Of Oct. 26

Seeking AlphaDividend Quick PicksCanadian All-Star Stocks: Dividend Increases - Week Of Oct. 26Oct. 24, 2020 4:50 PM ET|| Includes: CGEAF, CGECF, CWYUF, FNLIF, GMICF, TFII, WCNby: Mat LitalienMat Litalien Value, Growth, Macro, long-term horizonStocktrades.cls-1{fill:#024999;}SummaryCanadian Dividend All-Stars are companies that have raised dividends for at least five consecutive years.
TFI International came through for investors, extending its dividend growth streak to a decade.
5 Canadian Dividend All-Stars are on tap to raise dividends this week.
As earnings begin to ramp up, so too are the expected dividend raises. This week, there are five Canadian Dividend All Stars on tap to potentially raise dividends. Before we jump into that, let’s first look at the results from last week.
Of note, all figures are in Canadian dollars unless otherwise noted.
Recent dividend updates
Last week unfolded largely as expected. Although SmartCentres REIT (OTCPK: CWYUF) [TSX:SRU.UN] has yet to declare its monthly dividend (will come this week), TFI International (TFII) [TSX:TFII] delivered for investors.
EST
DGR
EST
Increase
ACTUAL
DGR
ACTUAL
Increase
NEW
DIV
TFI International
11.54%
$0.03
11.54%
$0.03
$0.29

It was a strong quarter for TFI International which beat on both the top and bottom lines. Along with earnings, the company extended its dividend growth streak to a decade with an 11.54% raise.
The dividend raise was in line with double-digit historical averages, and TFI’s new quarterly dividend jumps to $0.29 per share.
It marks the first raise among All-Stars in a month. Hopefully, this is a good sign as the last quarter of the calendar year is typically a busy one for dividend growth.
Upcoming dividend raises, cuts or suspensions
Genworth MI Canada (OTCPK: GMICF) [TSX:MIC]
Current Streak: 11 years Current Yield: 6.21% Earnings: Tuesday, October 27 What can investors... Read more