Post by
tbnorthstar on Jan 11, 2021 11:35am
49 years?
Will CU announce their 49th consecutive year of dividend raises this week or is the streak going to be broken here? My guess is, they offer something along the lines of a 1% increase but I could easily be incorrect.
Comment by
DeanEdmonton on Jan 11, 2021 11:54am
CU is still cranking out very strong cash flow, dividends are well covered at current levels, and they are putting 70-90 million in net profit to the bottom line each quarter. Debt is well controlled and being paid down quite quickly. No reason they can't continue to raise dividends like they always have.
Comment by
tbnorthstar on Jan 12, 2021 1:37pm
Thanks DeanEdmonton, They generally announce their dividend hike around this time of year....
Comment by
tbnorthstar on Jan 15, 2021 7:58am
Took a wild stab at a 1% increase to the dividend and got it right. Now, to re-invest all that extra money:) Sarcasm......but any raise is better than none.
Comment by
DeanEdmonton on Jan 15, 2021 10:14am
Good call ThNorthstar. You hitt the 1% right on the head. I had actually expected more like 3 or 4% increase. These guys are very conservative, which I guess is better in the long run.
Comment by
pilk111 on Jan 17, 2021 9:06pm
I love your last line. I prefer smart and conservative and to enjoy that dividend for the rest of my life. As for the 49th year I could have told you there is no way they will cut the dividend before becoming the first dividend king of Canada next year. Wishing everyone here a long and prosperous investment. I am keeping this stock for a very very long time.