Friday, November 10, 2017

Dividend Increase – Inter Pipeline Ltd. (TSE:IPL)


Yesterday Inter Pipeline Ltd. announced that its board of directors has approved a 3.7 percent increase to its monthly cash dividend from CA$ 0.135 to CA$ 0.14 per share. On an annualized basis, dividends will increase by CA$ 0.06 per share from CA$ 1.62 to CA$ 1.68. Shareholders of record as of November 22, 2017 will be eligible for Inter Pipeline's new monthly dividend rate of CA$ 0.14 per share, with payment expected on or about December 15, 2017.

With current price CA$ 27.04 (yesterday's close), this raise brings their dividend yield to 6.21,%. 

Since I own 325 shares this will increase my yearly net dividends by CA$ 14.53.

That increase rises my YOC to 6.56%

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by!

3 comments:

  1. Hi Hawk, how much do you pay withholding tax of Inter Pipeline's dividends? I received my first dividends and they took 25% even tough it should be 15% according to the tax agreement. I have my shares in Nordea.

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    1. Hi, I pay 15% withholding tax, I have my shares in LYNX, but planned to move those to Nordea, as well as some other Canadian also, but now need to maybe think that again.

      Cheers,
      DH

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    2. Ok, thanks. I will ask Nordea what's the deal. I'll let you know then.

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