Friday, 28 June 2013

Empire Co Increases Dividend


This week, Empire (EMP.A) increased its dividend from $0.96 to $1.04 per year, or 8.3%. My yield on cost is now 2.52%. When I purchased this stock back in 2009, my yield was 1.80%.

On June 12, Empire Co announced it was buying Safeway Canada for $5.8 billion.

As of today, my dividend increases for 2013 are:

Company
2013 Div. Increase
$$$ Increase
CAT
15%
$6.80
CSX
7%
$6.00
Empire Co
8.3%
$13.20
Enbridge
11.5%
$34.19
JP Morgan
26.7%
$64.00
North West Co
7.7%
$32.00
SNC Lavalin
4.5%
$14.00
Target
19%
$14.00
Teva
15%
$59.00
Vodafone
7%
$27.12
Total

$270.31

At the end of 2012, my forward 12-month dividends were $3,598.76. With new purchases and dividend increases, they now stand at $5,033.83, an increase of $1,435.07.

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