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2022 Dividend/distribution Changes
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Western Forest Products Inc. Increases Dividend (tmx.com)
"An increase of 25% in the quarterly dividend. Western confirms that a quarterly dividend of $0.0125 per share will be paid with respect to the Company's second fiscal quarter of 2022 to shareholders of record as at the close of business on Friday, May 27, 2022 and payable on Friday, June 17, 2022."
"An increase of 25% in the quarterly dividend. Western confirms that a quarterly dividend of $0.0125 per share will be paid with respect to the Company's second fiscal quarter of 2022 to shareholders of record as at the close of business on Friday, May 27, 2022 and payable on Friday, June 17, 2022."
Flurry of oil and gas company dividend increases:
Enerplus 30% dividend increase, will complete 10% buyback this summer: Enerplus Announces a 30% Dividend Increase Effective with the June 2022 Dividend Payment
ARC resources 20% increase, will also complete a 10% buyback: ARC Resources Ltd. Reports Strong First Quarter 2022 Results and a 20 Per Cent Increase to Its Dividend
Tourmaline $1.50 special dividend, announces specials for next 2 quarters; yielding close to 10% on special+regular dividend: TOURMALINE DELIVERS RECORD CASH FLOW AND FREE CASH FLOW IN Q1 2022 AND ANNOUNCES SPECIAL DIVIDEND
Enerplus 30% dividend increase, will complete 10% buyback this summer: Enerplus Announces a 30% Dividend Increase Effective with the June 2022 Dividend Payment
ARC resources 20% increase, will also complete a 10% buyback: ARC Resources Ltd. Reports Strong First Quarter 2022 Results and a 20 Per Cent Increase to Its Dividend
Tourmaline $1.50 special dividend, announces specials for next 2 quarters; yielding close to 10% on special+regular dividend: TOURMALINE DELIVERS RECORD CASH FLOW AND FREE CASH FLOW IN Q1 2022 AND ANNOUNCES SPECIAL DIVIDEND
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Not to distract specifically in this thread on O&G cash flow windfalls, but it would be wise for O&G to declare special dividends once a year rather than increase their quarterly dividend payout practices too far. It would be even better to action a 3 prong approach to cash flow windfalls, i.e. share buybacks, debt reduction and special dividends in some ratio.
A company usually wants to carry some debt which carries a lower cost of capital than equity but a number of successful O&G companies have carried zero net debt on their balance sheets from time to time. I would applaud companies for taking debt down to very low levels such that D/E ratios are under 0.2 and even as low as 0.1.
A company usually wants to carry some debt which carries a lower cost of capital than equity but a number of successful O&G companies have carried zero net debt on their balance sheets from time to time. I would applaud companies for taking debt down to very low levels such that D/E ratios are under 0.2 and even as low as 0.1.
Yes, I'm looking for a balance too and have a healthy memory of the income trust days and pre-2014 companies with unsustainable dividends (CPG anyone?), and my investments are in the lower debt oil and gas companies that are still lowering debt, while having a healthy dividend, and making a level of share buybacks or specials. Most are aligning their regular dividend payment to supporting their business at $50 WTI or so. Tourmaline is the lowest debt company by far, nearly debt-free and at a 0.1 D/E ratio already, it is quite remarkable to see Canada's largest natural gas producer in such a strong financial position - only $166M of bank debt vs > $4B of annual cash flow.
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Suncor Energy quarterly profit jumps more than three-fold (msn.com)
Suncor Energy boosted its quarterly dividend by 12% to a record 47 Canadian cents per share.
Suncor Energy boosted its quarterly dividend by 12% to a record 47 Canadian cents per share.
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https://money.tmx.com/en/quote/AQN/news ... 1596059275
6% increase from Algonquin (AQN) from 0.171 to 0.1808 USD
6% increase from Algonquin (AQN) from 0.171 to 0.1808 USD
Crescent Point Energy increased its dividend by 40% to $0.065 per share.
money.tmx.com
CPG already increased their dividend by 50% two quarters ago. Of course, they used to pay $0.23 a month vs $0.26 a year. But the company is in a much better financial position than 2014, with similar production, but 40% less debt and dropping rapidly, and paying 87% less in dividends.
TMX Money
CPG already increased their dividend by 50% two quarters ago. Of course, they used to pay $0.23 a month vs $0.26 a year. But the company is in a much better financial position than 2014, with similar production, but 40% less debt and dropping rapidly, and paying 87% less in dividends.
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Royal increases dividend 7%.
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CIBC increases dividend 3%.
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National Bank increases its common share dividend by 5 cents, up 6% from previous quarter
/CNW/ - National Bank of Canada's (TSX: NA) Board of Directors announces an increase of 5 cents per common share to $0.92 per common share for the quarter...
www.newswire.ca
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CWB declares dividends in May 2022 (tmx.com)
Quarterly dividend is up one cent , or 3%, from the dividends declared last quarter and one year ago. Current yield at 4%.
4 of the big 5 raised. Laurentian Bank to release earnings next week
Quarterly dividend is up one cent , or 3%, from the dividends declared last quarter and one year ago. Current yield at 4%.
4 of the big 5 raised. Laurentian Bank to release earnings next week
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So disappointed in those CWB earnings...
I feel the company is cheap at $30, but I'm reluctant to add more. Where was the growth? Oil has been high... Alberta should be doing well...
I don't know. I'm conflicted. I feel like they messed that one up pretty badly. Revenue was trash. And then because revenue was trash they raised dividend 1 cent? Come on...
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I understand where you are coming from on the revenue side. I promised myself coming into bank earnings season, I would add to the one that disappointed with results. I bought a little bit today and perhaps I should have waited for $29 range. I may be wrong but I think it will take a bit of time for the gains the oil companies made to get to the bankers. The people I know in that industry are skeptical as to how sustained the energy run will be.
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CORRECTION -- Laurentian Bank of Canada Announces Increased Common Share Dividend (tmx.com)
An increase of $0.01 a quarter
An increase of $0.01 a quarter
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FedEx Announces Actions to Enhance Stockholder Value and Updates to Board Governance (tmx.com)
"the FedEx Board of Directors declared a quarterly cash dividend of $1.15 per share on its common stock. This represents a $0.40 per share, or 53 percent, increase from the previous dividend of $0.75. The dividend is payable on July 11, 2022, to stockholders of record as of the close of business on June 27, 2022.
"the FedEx Board of Directors declared a quarterly cash dividend of $1.15 per share on its common stock. This represents a $0.40 per share, or 53 percent, increase from the previous dividend of $0.75. The dividend is payable on July 11, 2022, to stockholders of record as of the close of business on June 27, 2022.
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Empire raises their dividend 10%, stock price drops 8%
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