Canadian All-Star Stocks: Dividend Increases - Week Of Oct. 13

Seeking AlphaDividend Quick PicksCanadian All-Star Stocks: Dividend Increases - Week Of Oct. 13Oct. 30, 2020 3:44 PM ET|| Includes: BBU, CDNAF, CDNTF, CGEAF, CGECF, CWYUF, FNLIF, GMICF, GRP.U, 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.
Last week, all 4 All-Stars expected to raise the dividend came through for investors.
This week there are 2 All-Stars on tap to raise the dividend.
We are in the heart of earnings season and dividend growth is starting to ramp up. Not only are Canadian Dividend All Stars coming through for investors, but many in the gold industry are rapidly growing the dividend.
In one of my past updates, I wrote about the unappreciated dividend trend in the gold industry. They are quickly becoming relevant income plays, and are worthy of dividend investors' attention.
Before we jump into what to expect this coming week, let's recap the action from last week.
Of note, all figures are in Canadian dollars unless otherwise noted.
Recent dividend updates
Last week was the best week in terms of dividend growth since the pandemic began. First National Financial Corp. (OTCPK: FNLIF)[TSX:FN], Cogeco Communications Inc. (OTCPK: CGEAF)[TSX:CCA], Cogeco Inc. (OTC:CGECF)[TSX:CGO] and Waste Connections (WCN)[TSX:WCN] all announced a raise to their respective dividends.
Also last week, Brookfield Business Partners (BBU)[TSX:BBU.UN] announced it would acquire All Star Genworth MI Canada (OTCPK: GMICF)[TSX:MIC] at a price of $43.50 per share. Of note, Genworth is scheduled to release quarterly results on November 3, not October 27th as I had originally anticipated.
EST
DGR
EST
Increase
ACTUAL
DGR
ACTUAL
Increase
NEW
DIV
First National
3.08%
$0.005
7.69%
$0.0125
$0.175
Cogeco
10.00%
$0.0475
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