Thursday, 30 August 2012

CIBC and Royal Bank Raise Divdiends

My other two bank holdings came through and raised their dividends! This came on the back of BMO hiking dividends earlier this week. CIBC raised dividends 4% to 94 cents a share while Royal Bank increased dividends 5% to 60 cents a share. There was good news for all the Big Five banks as all of them increased dividends this quarter - the first time in recent memory where they all raised dividends at the same time. These hikes definitely help me with my goal of reaching $2200 in dividends payout but that goal may be out of reach seeing as September is coming around soon. I may have to re-evaluate my goals to make them more realistic. Anyways, this was good news and hopefully I'll be able to add my positions in the banks and eventually I plan to own shares in all five because they have consistently shown that they are solid blue-chips that will continue to increase dividends when they are able to.

-the Paperboy

No comments:

Post a Comment