First Dividend Raise

by Mike Holman

Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!


Mike from Four Pillars posted about a dividend increase at BMO ($0.02 increase per quarter).

This is over $20 / year for me (294 shares, 4 quarters in a year). Not too shabby (I can have a couple yummy meals out and the good people banking at BMO will pick up the tab). With my margin debt I was losing more then $5 / month (that I’d have to add to the account), but with this increase I’m only losing $4 / month.

This also increases the “personal yield” (yes, yes, I know personal yield is silly, let me gloat here) of my “best purchase” ($60.80 per share on 8/14/7) to 4.61%.

I’m still in the early stages of dividend investing, and I have a lot to learn, but I’m very happy with how things have been going so far.

Be Sociable, Share!

Want to learn more about RESPs? Buy The Book:

Resp-Book

The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!

{ 0 comments… add one now }

Leave a Comment

Current ye@r *

Previous post:

Next post: