My other two bank holdings came through and raised their dividends! This came on the back of BMO hiking dividends earlier this week. CIBC raised dividends 4% to 94 cents a share while Royal Bank increased dividends 5% to 60 cents a share. There was good news for all the Big Five banks as all of them increased dividends this quarter - the first time in recent memory where they all raised dividends at the same time. These hikes definitely help me with my goal of reaching $2200 in dividends payout but that goal may be out of reach seeing as September is coming around soon. I may have to re-evaluate my goals to make them more realistic. Anyways, this was good news and hopefully I'll be able to add my positions in the banks and eventually I plan to own shares in all five because they have consistently shown that they are solid blue-chips that will continue to increase dividends when they are able to.
-the Paperboy
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