The cooler evenings here on the east coast of Canada are most welcome starting October with humidity levels falling off. The cooler stock market is not what investors went to see in their portfolios lately but as long as dividends are being paid by Holdings, it's patience with me as I wait for most stock values to recover once again.
Meanwhile, it's a mix of fear taking hold for some and selling while others buy at lower prices looking for more gains in the future. The big five Banks in Canada, for example are expected to rebound next year after the 2023 adjustment to interest rates staying higher for longer. But, as always, these are predictions.
It's good to see the dividend increases from Fortis (FTS) with 50 consecutive years and Emera (EMA) with 31 years so far and 4-6% increases for the next few years in their recent news releases. That keeps me motivated and continue to accumulate shares in these utilities.
Emera (EMA) has an ex-dividend date for Halloween with payment on the 15th of November.
Emera Approves Increase in Common Dividend
HALIFAX, Nova Scotia--(BUSINESS WIRE)-- On September 20, 2023 the Board of Directors of Emera Inc. (TSX: EMA) approved an increase in the annual common share dividend to $2.87 from $2.76 per common share and extended its dividend growth rate target of four to five per cent through 2026.
“Today’s dividend increase is in line with our dividend growth rate target of four to five per cent and reflects our continued confidence in our assets, our strategy and the strength of our business,” said Scott Balfour, President and CEO of Emera Inc. “We remain focused on executing a balanced energy transition that drives value for our customers and generates reliable returns for our shareholders.”
As always, some great articles being posted by Bloggers and Investors on my right sidebar. How they increase dividends over time with patience looking at the long term by staying in the Market.
The stock market history has shown that overall, the final quarter in the year is more positive compared to say ... how September ended for example. Interesting to see if that's still a trend.
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