Optimism #95 - February 26, 2026
Dear clients and friends,
I get enormous satisfaction from seeing portfolios continue to rise well beyond our projections, hopes and expectations. There will eventually be a pullback, but we are far ahead so I am not concerned.
Please hold off on getting your income taxes done. Trust slips are not due until March 30th.
Many of our companies increased dividends in January. (data courtesy of Dividend Growth Investing and Retirement)
1.Imperial Oil (TSE:IMO): 20.8% Dividend Increase [Dividend Streak: 31 years, Yield: 2.5%]
2.Franco-Nevada Corp (TSE:FNV): 15.8% Dividend Increase [Dividend Streak: 18 years, Yield: 0.7%]
3.Maple Leaf Foods Inc. (TSE:MFI): 10.5% Dividend Increase [Dividend Streak: 11 years, Yield: 3.3%]
4.Metro Inc. (TSE:MRU): 10.1% Dividend Increase [Dividend Streak: 31 years, Yield: 1.8%]
5.Brookfield Infrastructure Partners LP (TSE:BIP.UN): 5.8% Dividend Increase [Dividend Streak: 18 years, Yield: 5.0%]
6.Brookfield Infrastructure Corporation (TSE:BIPC): 5.8% Dividend Increase [Dividend Streak: 18 years, Yield: 3.8%]
7.Brookfield Renewable Energy Partners LP (TSE:BEP.UN): 5.1% Dividend Increase [Dividend Streak: 16 years, Yield: 5.3%]
8.Brookfield Renewable Corporation (TSE:BEPC): 5.1% Dividend Increase [Dividend Streak: 16 years, Yield: 3.8%]
9.Canadian National Railway (TSE:CNR): 3.1% Dividend Increase [Dividend Streak: 30 years, Yield: 2.8%]
10.Atco Ltd. (TSE:ACO.X): 3.0% Dividend Increase [Dividend Streak: 32 years, Yield: 3.5%]
11.Canadian Utilities Ltd. (TSE:CU): 1.0% Dividend Increase [Dividend Streak: 54 years, Yield: 4.2%]
During February we saw an increase from TC Energy, and possibly the banks as they report earnings this week. Dividend growth drives share prices and increases income. We win by getting both.
Insiders are buying at Colliers International (real estate sales), and DPM Metals.
I am sad to see John Heinzl at the Globe and Mail retire. Tireless reporting on dividend investing has been helpful and the final article is attached. His pretend dividend portfolio from 2017 more than doubled after 8 years. The dividend income more than doubled as well. He and I both learned from Tom Connolly.
Spring is almost here. Keep in touch and I will do the same.
Derek Moran
