Below is a list of companies in Canada and the United States that have increased their dividends in the month of May.
The companies we list are not the complete list of companies that have increased their dividends in Canada and the United States or the rest of the world however, they are companies we follow or own.
Canadian Companies
| Company | Previous ($) | New ($) | Change (%) |
| Bank of Montreal | 1.43 | 1.47 | 2.80 |
| Bank of Nova Scotia | 1.03 | 1.06 | 2.90 |
| CIBC | 0.85 | 0.87 | 2.40 |
| Hydro One | 0.2796 | 0.2964 | 6.00 |
| Loblaw Companies | 0.405 | 0.446 | 10.1 |
| National Bank of Canada | 0.97 | 1.02 | 5.15 |
| Royal Bank of Canada | 1.32 | 1.35 | 2.30 |
| Telus | 0.3511 | 0.3636 | 3.56 |
| Sun Life Financial | 0.72 | 0.75 | 4.17 |
US Companies
| Company | Previous ($) | New ($) | Change (%) |
| Apple | 0.23 | 0.24 | 4.35 |
| Lowe’s Companies | 1.05 | 1.10 | 4.76 |
| PepsiCo | 1.15 | 1.265 | 10.0 |
The dollar value listed per share represents a quarterly dividend payment.
Information was obtained from the companies directly.
If you are interested in reading about the history of some of these strong dividend paying companies, please take a look at our previous blog posts linked below:
“How will you replace your current income in retirement?”™ – Jim Seyers