Atco Ltd T.ACO.X

,,,,,,,,,,,,,,,,29 YEARS............Annual DIVIDEND Increase

[Red_Deer]

Increases Common Share Dividend for the 29th consecutive year

CALGARY, AB, Jan. 13, 2022 /CNW/ - ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y)

 

The Board of Directors of ATCO Ltd. today declared a first quarter dividend of 46.17 cents per Class I non-voting (TSX:ACO.X) and Class II voting share (TSX: ACO.Y), a three per cent increase over the 44.83 cents paid in each of the four previous quarters. This common share dividend is payable March 31, 2022, to shareholders of record on March 3, 2022.

The Board of Directors of ATCO Ltd. has declared the following quarterly dividends:

Shares	TSX Stock Symbol	Dividend Per Share ($)	Record Date (2022)	Payment Date (2022)
Class I Non-Voting	ACO.X	0.4617	03-Mar	31-Mar
Class II Voting	ACO.Y	0.4617	03-Mar	31-Mar

[Jtpatrol1]

   your parents must be proud

[northman]

What is the current payout ratio of both ATCO and CUL? Looks to me like it's bordering on 100%. I know they are very proud of consecutive dividend increases but I have no doubt that earnings increases would be more beneficial. Why is the dividend going up if earnings are flat or declining?

[JerJohnston]

good point.  no growth in earnings but keep a high dividend.  I dont think Jason Kenney is going to make a difference.  .  

[1northumberland]

Sell this to Brookfield Infrastructure. Nancy must be getting tired.

[JerJohnston]

Tired of hiring friends and family that make a pile of money but achieve nothing?  

[JerJohnston]

And who's the heir apparent?   There's no one in the CSuite other than yes men. 

[JerJohnston]

Just noticed the stock has been dropping steadily since they appointed Jason Kenney to the Board of Directors. What a strange coincidence.  When Alberta got rid of Kenney, things improved.