First Dividend Raise of 2015 - Corus Entertainment

     January isn't even half over and I already received my first dividend raise of the year! On Tuesday, Corus Entertainment ("CJR") announced they were raising the annual dividend on their 'B' shares by 4.6% to $1.09 annually. Management commented that "This 4.6% dividend increase reflects our confidence in the continued development of our business and is supported by our strong free cash flow". Management seems to understand that as their business grows and free cash flows increase, shareholders should be rewarded for staying faithful to what has been a pretty volatile stock over the past year (52-wk-low of $20.08 and 52-wk-hi of $26.05).  I'm a long-term investor in Corus and think their specialty channels, radio stations, and other investments make it a long-term hold given the near 5% dividend rate and history of growing the payout each year.

     I'm anticipating the following companies in my portfolio to increase their dividends this quarter: Rogers Communications, TD Bank, Bell Canada, TransCanada Pipelines, Bank of Nova Scotia, Cisco Systems, and Royal Bank of Canada.