Sorry for the old news but I've been without internet access for the last few days and we headed out of town to Grande Prairie for the long weekend. Once I was able to log on I found out the Rogers communication's board of directors had increased their annual dividend by a solid 11% from $1.28 to $1.42 which is a very nice increase.
Recently RCI.B had dropped from a high of over $41 a share to almost its 52 week low and personally I was ready to sell some shares to buy some JNJ to put in my RRSP account, but I'm very glad I changed my mind. Seeing as RCI.B is close to it's 52 week low I reckon it would be a good time to nabb some shares as share prices tend to rise after dividend increases.
I promise to update the stock watch list when I get back to Edmonton tomorrow afternoon and I will be adding some new elements to the Loonie bin so stay tuned for new Flash animations and updated graphics.
Have a great weekend.
Watchlist For February 3rd, 2012
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3 comments:
I might have to buy some as well. Price is hurting which means if I can find a few thousand, I'm going to pull the trigger.
Bought some myself can't beat dividend growth!
Dividend Growth Rate 3yr Avg:
55.77 %
Dividend Growth Rate 5yr Avg:
125.36 %
My Own Advisor:
Sounds like a sounds plan, Mark.
Dannyboy:
Rogers is a good addition to any portfolio. I hold every telecom company except Telus because they cut their dividend. Some might say I'm too heavy in utilities, but the dividend increases say otherwise.
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