Top 10 Canadian DRIP Companies -Year 2012



What's New - the latest DRIP and Dividend News

Oct. 09, 2012 - BlackRock Canada announces DRIPs across all iShares Funds
ETF market leader builds on momentum in seven months since acquisition of Claymore(1)
TORONTO, ONTARIO–(Marketwire – Oct. 9, 2012) – BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc., announced that, effective today, all iShares products traded on the Toronto Stock Exchange will feature Dividend Reinvestment Plans (DRIPs) for clients who wish to efficiently and automatically reinvest their distributions. The move affects the entire product line of 88 iShares exchange traded funds (ETFs). Read more here...

Aug. 30, 2012 - Banks dole out dividends bonanza

The country’s Big Six banks earned a combined $8.2-billion in the third quarter, and unleashed a torrent of dividend increases unlike any the sector has seen in years. Five of Canada’s Big Six banks raised their payouts this week. The increases will put an additional $563-million in the pockets of their shareholders over the next year. See the story here...

May 26, 2011 - National Bank of Canada hikes dividend by 7.5%
National Bank of Canada’s (NA: TSX) Board of Directors announces today an increase of the dividend on its common shares from $0.66 to $0.71 per common share for the quarter ending July 31, 2011. This dividend will be payable on August 1st, 2011 to holders of record of common shares on June 23, 2011. This represents a 7.5% hike of NA.TO’s dividend. The dividend yield of the bank is now 3.52% at today’s middle price stock price $80.51.

April 17, 2011 - Yellow Media Inc., most commonly known as yellowpage, is now offering DRIP
Yellow Media Inc. (TSX:YLONews), most commonly known as yellowpage, is now offering DRIP as well.
Under the Corporation’s Dividend Reinvestment Plan (the “Plan”), shareholders who are residents of Canada may elect to have their cash dividends paid on their common shares reinvested into additional common shares of the Corporation. At this time, for purposes of dividends reinvested under the Plan, the Corporation will issue new common shares at a 5% discount from the average market price (as defined under the Plan) of the common shares on the dividend payment date.
The company is trading now at $4.89, with an annual dividend of $0.65, which is a whopping 13.3% dividend yield.

March 4, 2011 - TD Bank also join the dividend hike
TD Bank (TSX: TD) is boosting its quarterly dividend 8.2 per cent. This is the 2nd Canadian bank to boost their dividend in the post-recession era.

Dec.14, 2010 - National Bank of Canada became the first Canadian Big Six to increase dividend
National Bank of Canada announced a dividend increase of 6.5 per cent – the first Canadian bank to boost dividend since the dividend hike freeze since financial crisis started in year 2008.

Dec.03, 2010 - Bank of Nova Scotia keep the dividend unchanged
Bank of Nova Scotia’s (BNS) fourth-quarter profit rose a better-than-expected 21%, as the country’s third-largest bank benefited from its strategy of diversifying by business and geography. However, they decide to leave the dividend unchanged despite the record earning.

Oct.27, 2010 - Rogers Communications joins the DRIP club
Rogers Communications Inc. is Canada’s new kid on the block of DRIP investing. The leading diversified communications and media company announced that its Board of Directors has approved the creation of a Dividend Reinvestment Plan (“DRIP”) effective November 1, 2010. Rogers most recently declared a quarterly dividend of $0.32 per share on each of its outstanding Class A and Class B shares, payable to shareholders of record on September 9, 2010. Future dividends which are declared will be eligible for reinvestment in the DRIP.

Sept.24, 2010 - 7 companies hiked their dividends
Dividend lovers will smile this week. Here’s a list of 7 companies hiked their dividends this week:

(1) ConAgra Foods (NYSE: CAG)
Reflecting good cash flows on the strength of consumer staples sales, ConAgra Foods (NYSE: CAG) approved a dividend increase of 15% this week from 20 to 23 cents per share. That gives ConAgra a new dividend yield of about 4.3%. The new ConAgra dividend rate is payable Dec. 1 to stockholders of record on Oct. 29. 

(2) Covidien plc (NYSE: COV)
Yesterday, health care giant Covidien plc (NYSE: COV) raised its quarterly dividend by 11%, from 18 to 20 cents per share. The move now gives Covidien a dividend yield of just over 2%, and the next dividend is payable on Nov. 8 

(3) Lockheed Martin Corp (NYSE: LMT)
Lockheed Martin Corp (NYSE: LMT) also raised its dividend on Thursday. Specifically, the aerospace and defense giant raised its quarterly dividend by 19% from 63 cents per share to 75 cents. This marks the eighth-straight annual increase in its quarterly payout. 

(4) Microsoft (NASDAQ: MSFT)
Early in the week Microsoft (NASDAQ: MSFT) announced a boost in its dividend about 23% from 13 cents to 16 centsper share. The move gives MSFT stock a dividend yield of about 2.6% at current valuations. 

(5) McDonald’s (NYSE: MCD)
McDonald’s (NYSE: MCD) made big news this week by announcing another dividend increase, becoming the sole U.S. company to increase its dividend payouts every year since it went public some 34 years ago. The 11% dividend hike from 55 cents per share to 61 cents gives the fast-food giant a new dividend yield of about 3.3%. 

(6) Realty Income Corporation (NYSE: O)
Realty Income Corporation (NYSE: O), the self-proclaimed “Monthly Dividend Company,” according to a rather pretentious trademark, kept good to its schtick with another dividend increase — marking the the 52nd consecutive quarterly increase and the 59th dividend increase since Realty Income went public in 1994. 

(7) Comtech Telecommunications Corp. (NASDAQ: CMTL)
Joining the ranks of dividend stocks this week is Comtech Telecommunications Corp. (NASDAQ: CMTL). After posting earnings this week that more than doubled in its fiscal fourth quarter, the company initiated a quarterly dividend of 25 cents per share. Annualized, this gives Comtech a dividend yield of about 3.7% — not bad for a debut.

May 5, 2010 - Telus (T.TO) increases its dividend by 5.3% per share
Telus closed at $38.61 on May 5th 2010’s closing price. As this closing price, the dividend yield for Telus is right now at 5.18%.

Feb.8 2010 - Newest Candian public company to offer DRIP: Tim Hortons
Tim Hortons launches its DRIP program on Feb. 8 2010, becoming the newest company in the DRIP club. However, Tim's DRIP plan is a big disappointment to the DRIP investor. Unlike most of the Canadian DRIP companies who bear all the adminitration costs, Tim Hortons is unloading all the administrative fees to the investor. The list of its fees including initial setup fee, cash purchase fee, ongoing automatic investment fee, purchase processing fee, and dividend reinvestment fee, to name just a few.

Nov.2 2009 - Telus (T) to offer 3% discount on dividend reinvestment since 2010
Starting with the January 4, 2010 dividend date, TELUS Treasury will be issuing non-voting shares at the Average Market Price less a discount of 3%. Click here to see the news release.

Aug. 06 2009 - Manulife (MFC) will cut dividend by 50%
The Board of Directors of Manulife Financial Corporation (“MFC”) today announced its decision to reduce the Company’s quarterly common share dividend by 50% from $0.26 to $0.13 per share, payable on and after September 21, 2009 to shareholders of record
at the close of business on August 18, 2009. The revised dividend will preserve approximately $800 million for MFC on an annualized basis as part of the Company’s strategic focus on building fortress levels of capital.

May. 21 2009 - Manulife (MFC) to cut DRIP fees and offer dividend reinvestment discount
Having one of the highest service charge among Canadian DRIP companies for years, Manulife Financial Corporation finally decided to drop the ridiculously high administration fees on its DRIP plan. In addition, the company is going to offer 5% discount on its dividend reinvestment, to align with other Canadian financial institutions. This is a welcome signal for Canadian DRIPpers.

Dec.20 2008 - Bank of Montreal (BMO) to offer 2% discount on dividend reinvestment since 2009
Effective with the first quarter of fiscal 2009 dividend, shares purchased for dividend reinvestment will be purchased from the Bank at a discount of 2% from the Average Market Price.

Aug. 26 2008 - Bank of Nova Scotia (BNS) to offer 2% discount on dividend reinvestment
The first dividends for which this discount will be effective are the dividends on the Bank’s common and preferred shares declared by the Board of Directors on August 26, 2008 for the quarter ending October 31, 2008. Prior to this announcement, common shares issued under the Plan have been issued with no discount to the Average Market Price (as defined in the Plan).

Dec.20 2006 - Canadian Oil Sands Trust (COS.UN) suspended DRIP
Canadian Oil Sands Trust suspended its Distribution Reinvestment & Optional Unit Purchase Plan (DRIP) effective January 31, 2007. The DRIP provided efficient and cost-effective equity to support the Trust's financing plan for Syncrude's Stage 3 expansion. With the successful completion of that expansion in 2006, the Trust no longer requires this source of funding. The Trust may reinstate the DRIP in the future if required to fund new investing activities.


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