Investing

Dividend Increases For Canadian Companies - 2014

  • Last Updated:
  • Dec 24th, 2014 6:31 pm
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Deal Addict
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May 25, 2008
1615 posts
945 upvotes
Toronto
One of my favourite REITs:
Allied Properties REIT (TSX: AP.UN) today announced that its Trustees have approved an increase in monthly cash distributions from $0.1175 per unit ($1.41 per unit annualized) to $0.1216 per unit ($1.46 per unit annualized).
Jr. Member
Jan 13, 2008
110 posts
57 upvotes
TransForce INC (TSX : TFI)


Quarterly dividend increased by 17.2% to $0.17 per share.

The Board of Directors of TransForce Inc. (TSX: TFI), a North American leader in the transportation and logistics industry, has approved a 17.2% dividend increase over its previous quarterly dividend of $0.145 per share and declared a quarterly dividend of $0.17 per outstanding common share of its capital. The dividend is payable on January 15, 2015 to shareholders of record at the close of business on December 31, 2014. This increase reflects TransForce's ability to continue to generate a strong free cash flow in current and projected market conditions and reflects its stated dividend policy whereby approximately 20-25% of annualized free cash flow available would be distributed every year as dividends to shareholders. This level of distribution allows TransForce to maintain sufficient financial resources and flexibility to execute its operating and disciplined acquisition strategies, while providing an adequate return on shareholder's capital. TransForce has increased its dividend in each of the last four years.

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