February 12th, 2011 | 
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On Thursday, Fortic (TSE:FTS) declared a dividend increase a 3.57% dividend increase or 1 cent per quarter bringing their dividends to $0.29 per quarter for a total of $1.16 per year. Fortis did not meet expectations of analysts and is down 1.80% since their earnings.
Shoppers Drug Mart (TSE:SC) also declared a dividend increase of 8.69% bringing their quarterly dividends to $0.25 up from $0.23 per quarter. The company also announced a 4% share repurchase for the upcoming year. Shares have been up 2% since the announcement.
SC now yields 2.54% whereas FTS yields 3.49%.
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You always have interesting posts!
Steve
Common Cents
http://www.commoncts.blogspot.com
Finally the result over the future years is the same in general.
Solong there is in the USA an overspending of money the result on total on investmenst will be less than nill. Only when the outstanding amount of lumpsum is lower than the amount of money on saving accounts and a percentages on freely invested money in investment products without any restrictions are capable to flow back in local markets, viewpoint from the investor
All the more reason to start my DRIP with FTS sooner than later
Any plans to buy SC long-term Passive?
I’ve considered it but not going there until I have my choice Canadian utilities, banks and telcos DRIPping at least one share each, each quarter.
My Own Advisor recently posted..Favourite takeaways from The Single Best Investment – Part 1
I am interested in Shoppers but I am not sure when I will take a position. In my RRSP, I’d rather get some US conglomerate for now. It may be good outside my RRSP but I can usually find better yield for now. It’s in my tracking list and I should research it a bit further.
Hey Passive,
It’s a bit like free money, don’t you think?
And you’re probably making more in dividends than you made at your very first part-time job. OK, let me know. Is that true? I’ll bet it might be! And no sweating for it this time!
Andrew Hallam recently posted..When Losers Laugh At Active Mutual Fund Managers
@Andrew
My dividend is increasing slowly but nothing significant through the dividend increases at the moment. My increases so far mostly come from taking profits and buying underperforming payers.