Dividend Raise: SNC-Lavalin (SNC)

Dividend Raises

On March 3rd, SNC-Lavalin (SNC) raised their quarterly dividend 4.00% from $0.25 to $0.26.

Considering the Dividend Beginner portfolio consists of 25 shares of SNC, my annual income from SNC has increased by $1.00, from $25.00 to $26.00 ($2.083 to $2.17 per month). My 12-month forward dividend income has risen from $1,429.90 to $1,430.90, an increase of 0.07%. My average monthly dividend income is now $119.24.

While a $1.00 increase in annual dividend income is laughable, think about how it would require an investment of $25.00, yielding 4.00% to generate $1.00 in dividend income. That’s an hour’s pay on a $52, 000 salary. You just got an hour of your life back.

SNC-Lavalin Logo

Before raise Net Increase After  raise
Annual Dividend Income $1,429.90 $1.00 $1,430.90
Monthly Dividend Income $119.16 $0.08 $119.24
Percentage Increase 0.07%

Dividend Beginner

A 22 year old Canadian dividend growth investor striving for early financial independence; building as many passive income streams as early as possible.
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  • Congrats on divvy increase! It feels great when companies raise the dividends. Your due diligence and hard work start to pay off. You’ve earned it! So what are you going to do with extra hour?

    • Hey German!

      Thanks for stopping by and commenting man. The hard work of scouring dozens of companies and selecting the ones which actually continue to grow their dividends is indeed paying off. I should really keep better track of how my dividend raises in total have contributed to annual dividend income.

      For this hour saved I’ll use it to do some research and gain even more hours of my life back. That’s how it’s gotta be for now!

      DB

  • DivBeginner,

    Nice raise you got there. It’s always good to hear about stocks you own gaining a larger foothold on the dividend growth list. I’m not invested in SNC myself but that’s concrete growth there. Keep it rolling forward!

    -Dividend Reaper

    • Hey Reaper,

      Thanks for stopping by. SNC was one of my first investments, and it was quite the contrarion play with all the legal issues they were facing but it’s proven profitable so far. Good Industral exposure. Hopefully the Liberal budget helps out.

      DB

  • Hey,

    Not sure if this is the proper place to place a question. I’m new to investing and been following your site for a while. Really impressed with what you’ve accomplished.

    I was wondering if you ever looked into preferred shares? What do you think of those?

    • Hey nelsiki,

      Thanks for being a regular reader of the site, I really appreciate it. Unfortunately I’m not much help with preferred shares. I’ve only looked into them very briefly and don’t believe they have the dividend growth opportunities common shares have, and act as safer equity investments akin in some way to bonds. It’s not something I’m interested in at the moment.

      DB

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My publishings on dividendbeginner.com references an opinion and is for information or entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I am not responsible for any decisions you make concerning finances, taxes, or investments. You must perform your own research and always take caution when extending capital.