2017 DIVIDEND INCREASES Telus Corp. 1.97 0.13 1.84 7.07% Enbridge Inc. 2.41 0.29 2.12 13.68% Fortis Inc. 1.63 0.10 1.53 6.56% Royal Bank of Canada 3.48 0.24 3.24 7.41% Manulife Financial Corp. 0.82 0.08 0.74 10.81% Brookfield Asset Management 0.70 0.03 0.67 4.79% Dollarama 0.43 0.04 0.39 10.26% Verizon Communications Inc. 2.32 0.05 2.27 2.09% WEC Energy Group 2.08 0.10 1.98 5.05% JP Morgan Chase & Co. 2.04 0.20 1.84 10.87% Metlife Inc. 1.60 0.03 1.58 1.59% Starbucks Corp. 1.05 0.20 0.85 23.53% Procter & Gamble Co. 2.74 0.07 2.67 2.57% Walt Disney Co. 1.62 0.13 1.49 8.72% McCormick & Co. Inc. 1.93 0.17 1.76 9.66% Johnson & Johnson 3.32 0.17 3.15 5.40% Amgen Inc. 4.60 0.60 4.00 15.00% United Health Group 2.88 0.50 2.38 21.05% FedEx Corp. 1.90 0.45 1.45 31.03% 3M Company 4.70 0.26 4.44 5.86% Illinois Tool Works Inc. 2.86 0.46 2.40 19.17% Apple Inc. 2.46 0.23 2.23 10.31% Intel Corp. 1.08 0.04 1.04 3.85% Visa Inc. 0.69 0.11 0.59 17.95% ANNUAL AVERAGE DIVIDEND INCREASE 11.00%
2016 DIVIDEND INCREASES Royal Bank of Canada 3.24 0.16 3.08 5.19% Toronto Dominion Bank 2.16 0.16 2.00 8.00% Brookfield Asset Management 0.67 0.04 0.63 6.35% Manulife Financial Corp. 0.74 0.07 0.67 10.45% Enbridge Inc. 2.12 0.26 1.86 13.98% Telus Corp. 1.84 0.16 1.68 9.52% Dollarama 0.39 0.04 0.35 11.43% Fortis Inc. 1.53 0.13 1.40 9.29% Verizon Communications Inc. 2.27 0.05 2.22 2.25% JP Morgan Chase & Co. 1.84 0.16 1.68 9.52% Procter & Gamble Co. 2.67 0.04 2.63 1.52% Starbucks Corp. 0.85 0.20 0.65 30.77% Walt Disney Co. 1.49 0.12 1.37 8.76% Amgen Inc. 4.00 0.84 3.16 26.58% Johnson & Johnson 3.15 0.20 2.95 6.78% Pfizer Inc. 1.20 0.08 1.12 7.14% 3M Company 4.44 0.34 4.10 8.29% FedEx Corp. 1.45 0.50 0.95 52.63% General Electric Co. 0.92-0.92 0.00% Apple Inc. 2.23 0.20 2.03 9.85% Intel Corp. 1.04 0.08 0.96 8.33% Visa Inc. 0.59 0.09 0.50 18.00% ANNUAL AVERAGE DIVIDEND INCREASE 12.00%
2015 DIVIDEND INCREASES Royal Bank of Canada 3.08 0.24 2.84 8.45% Toronto Dominion Bank 2.00 0.16 1.84 8.70% Manulife Financial Corp. 0.67 0.10 0.57 16.67% Enbridge Inc. 1.86 0.46 1.40 32.86% Telus Corp. 1.68 0.16 1.52 10.53% Dollarama 0.35 0.04 0.31 12.90% Canadian National Railway 1.25 0.25 1.00 25.00% Rogers Communications Inc.* 1.92 0.09 1.83 4.92% AT&T Inc.* 1.88 0.04 1.84 2.17% Verizon Communications Inc. 2.22 0.07 2.14 3.50% JP Morgan Chase & Co. 1.68 0.12 1.56 7.69% Wells Fargo & Co. 1.48 0.13 1.35 9.26% Procter & Gamble Co. 2.63 0.10 2.53 4.04% Starbucks Corp. 0.65 0.10 0.55 17.27% Walt Disney Co. 1.37 0.22 1.15 19.13% Amgen Inc.* 3.16 0.72 2.44 29.51% Johnson & Johnson 2.95 0.19 2.76 6.88% Pfizer Inc. 1.12 0.08 1.04 7.69% 3M Company 4.10 0.68 3.42 19.88% FedEx Corp. 0.95 0.20 0.75 26.67% Apple Inc. 2.03 0.18 1.85 9.73% Intel Corp. 0.96 0.06 0.90 6.67% Visa Inc. 0.50 0.08 0.42 19.05% Du Pont E I De Nemours & Co. * 1.84-1.84 - General Electric Co. * 0.92 0.03 0.89 3.37% Whole Foods Market Inc. * 0.52 0.04 0.48 8.33% ANNUAL AVERAGE DIVIDEND INCREASE 12.84% * January 13, 2015, Amgen Inc. (AMGN-) & AT&T Inc. (T-) added to strategy. General Electric Company (GE) removed from strategy. May 27, 2015, Rogers Communications Inc. (RCI.B) removed from strategy. July 29, 2015, EI Du Pont Nemours (DD-) removed from strategy. October 29, 2015, Whole Foods Market (WFM-) removed from strategy.
2014 DIVIDEND INCREASES Royal Bank of Canada 2.84 0.31 2.53 12.25% Toronto Dominion Bank 1.84 0.22 1.62 13.58% Manulife Financial Corp. 0.57 0.05 0.52 9.62% Enbridge Inc. 1.40 0.14 1.26 11.11% Telus Corp. 1.52 0.16 1.36 11.76% Rogers Communications Inc. 1.83 0.09 1.74 5.17% Dollarama 0.31 0.05 0.27 16.98% Canadian National Railway 1.00 0.14 0.86 16.28% JP Morgan Chase & Co. 1.56 0.20 1.36 14.71% Wells Fargo & Co. 1.35 0.20 1.15 17.39% Verizon Communications Inc. 2.14 0.06 2.08 3.13% Whole Foods Market Inc. * 0.48 0.08 0.40 20.00% Starbucks Corp. 1.10 0.21 0.89 23.60% Procter & Gamble Co. 2.53 0.16 2.37 6.91% Walt Disney Co. 1.15 0.29 0.86 33.72% Johnson & Johnson 2.76 0.17 2.59 6.56% Pfizer Inc. 1.04 0.08 0.96 8.33% General Electric Co. 0.89 0.10 0.79 12.66% FedEx Corp. * 0.75 0.16 0.59 27.12% 3M Company 3.42 0.88 2.54 34.65% Du Pont E I De Nemours & Co. * 1.84 0.06 1.78 3.37% Intel Corp. 0.90-0.90 - Apple Inc. 1.85 0.16 1.69 9.75% Visa Inc. 1.68 0.29 1.39 20.86% ANNUAL AVERAGE DIVIDEND INCREASE 14.15% * March 4, 2014, Bank of Nova Scotia (BNS), Deere & Co. (DE), Int'l Business Machines (IBM); September 3, 2014 Tim Hortons Inc. (THI) removed from strategy. JP Morgan Chase & Co. (JPM), General Electric (GE), 3M Company (MMM) added to strategy.
2013 DIVIDEND INCREASES Royal Bank of Canada 2.53 0.25 2.28 10.96% Bank of Nova Scotia 2.39 0.20 2.19 9.13% Toronto Dominion Bank 3.24 0.35 2.89 12.11% Manulife Financial Corp. 0.52-0.52 - Enbridge Inc. 1.26 0.13 1.13 11.50% Canadian National Railway 1.72 0.22 1.50 14.67% Shoppers Drug Mart Corp.* 1.14 0.08 1.06 7.55% Tim Hortons Inc. 1.04 0.20 0.84 23.81% Rogers Communications Inc. 1.74 0.16 1.58 10.13% Telus Corp. 1.36 0.14 1.22 11.48% Dollarama 0.56 0.14 0.42 33.33% Procter & Gamble Co. 2.37 0.16 2.21 7.08% Johnson & Johnson 2.59 0.19 2.40 7.92% Starbucks Corp. 0.89 0.17 0.72 23.61% Deere & Co. 2.04 0.20 1.84 10.87% Verizon Communications Inc. 2.08 0.06 2.02 2.98% Wells Fargo & Co. 1.15 0.27 0.88 30.68% Visa Inc. 1.39 0.40 0.99 40.40% Intel Corp. 0.90 0.03 0.87 3.45% Pfizer Inc. 0.96 0.08 0.88 9.09% Apple Inc. 11.80 1.20 10.60 11.32% Walt Disney Co. 0.86 0.11 0.75 14.67% Whole Foods Market Inc. * 0.40 0.12 0.28 42.86% Du Pont E I De Nemours & Co. * 1.78 0.08 1.70 4.71% Int'l Business Machines * 3.70 0.40 3.30 12.12% FedEx Corp. * 0.60 0.05 0.55 9.09% ANNUAL AVERAGE DIVIDEND INCREASE 14.44% * July 31, 2013, Shoppers Drug Mart Corp. (SC) removed from strategy; Whole Foods Market Inc. (WFM), Du Pont E I De Nemours & Co. (DD), FedEx Corp. (FDX), International Business Machines (IBM) added to strategy.
positive and rising, free cash flow that can consistently grow their dividends an approach that has historically helped provide strong, risk adjusted returns. 2012 DIVIDEND INCREASES Royal Bank of Canada 2.28 0.20 2.08 9.62% Bank of Nova Scotia 2.19 0.14 2.05 6.83% Toronto Dominion Bank 2.89 0.28 2.61 10.73% Manulife Financial Corp. 0.52 0.52 Enbridge Inc. 1.13 0.15 0.98 15.31% Canadian National Railway 1.50 0.20 1.30 15.38% Shoppers Drug Mart Corp. 1.06 0.06 1.00 6.00% Tim Hortons Inc. 0.84 0.16 0.68 23.53% Rogers Communications Inc. 1.58 0.16 1.42 11.27% Telus Corp. 2.44 0.24 2.21 10.66% Dollarama 0.42 0.06 0.36 16.67% Procter & Gamble Co. 2.21 0.15 2.06 7.45% Johnson & Johnson 2.40 0.15 2.25 6.67% Starbucks Corp. 0.72 0.16 0.56 28.57% Deere & Co. 1.84 0.26 1.58 16.46% Verizon Communications Inc. 2.02 0.06 1.96 2.81% Wells Fargo & Co. 0.88 0.40 0.48 83.33% Visa Inc. 0.99 0.32 0.67 47.76% Intel Corp. 0.87 0.09 0.78 11.54% Pfizer Inc. 0.88 0.08 0.80 10.00% Apple Inc. * 10.60 10.60 Walt Disney Co. 0.75 0.15 0.60 25.00% ANNUAL AVERAGE DIVIDEND INCREASE 16.62% *July 31, 2013, Shoppers Drug Mart Corp. (SC) removed from strategy; Whole Foods Market Inc. (WFM), DuPont E I De Nemours & Co. (DD), FedEx Corp. (FDX), International Business Machines (IBM) added to strategy.
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