5 Large Caps That Raised Their Dividends in November

Love dividends? If so, Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF) and four other stocks raised their rates last month.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

November was a highly active month in the world of dividend increases, which included increases of 2-39% by five S&P/TSX 60 constituents. Let’s take a closer look at each dividend increase, so you can determine if you should invest in one of these stocks today.

Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF) is one of the world’s leading providers of financial products and services, including life, health, critical illness, and long-term care insurance. In its third-quarter earnings release on November 8, it announced a 4.6% increase to its quarterly dividend to $0.455 per share, representing $1.82 per share annually, which gives it a yield of about 3.6% at the time of this writing. It’s also important for Foolish investors to note that the financial giant is on track for 2018 to mark the fourth consecutive year in which it has raised its annual dividend payment.

Inter Pipeline Ltd. (TSX:IPL) is one of the largest owners and operators of energy infrastructure in western Canada and Europe. In its third-quarter earnings release on November 9, it announced a 3.7% increase to its monthly dividend to $0.14 per share, representing $1.68 per share annually, which gives it a yield of about 6.2% at the time of this writing. Investors should also note that the company is now on track for 2018 to mark the 10th consecutive year in which it has raised its annual dividend payment.

Canadian Tire Corporation Limited (TSX:CTC.A) is one of Canada’s largest retailers with a network of over 1,700 stores under numerous banners. In its third-quarter earnings release on November 9, it announced a 38.5% increase to its quarterly dividend to $0.90 per share, representing $3.60 per share annually, which gives it a yield of about 2.2% at the time of this writing. Investors must also note that the retail giant is now on pace for 2018 to mark the eighth consecutive year in which it has raised its annual dividend payment.

Telus Corporation (TSX:T)(NYSE:TU) is Canada’s third-largest and fastest-growing national telecommunications company. In its third-quarter earnings release on November 9, it announced a 2.5% increase to its quarterly dividend to $0.505 per share, representing $2.02 per share annually, which gives it a yield of about 4.2% at the time of this writing. Foolish investors must also note that the telecom giant is on track for 2018 to mark the 10th consecutive year in which it has raised its annual dividend payment, and that it has a dividend-growth program in place that calls for annual growth of 7-10% through 2019.

Enbridge Inc. (TSX:ENB)(NYSE:ENB) is the largest owner and operator of energy infrastructure in North America. In a press release on November 29, it announced a 10% increase to its quarterly dividend to $0.671 per share, representing $2.684 per share annually, which gives it a yield of about 5.5% at the time of this writing. It’s also important for Foolish investors to note that Enbridge is on track for 2018 to mark the 23rd consecutive year in which it has raised its annual dividend payment, and that it expects to deliver annual dividend growth of 10% through 2020.

Should you invest $1,000 in Enbridge right now?

Before you buy stock in Enbridge, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Enbridge wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,058.57!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 38 percentage points since 2013*.

See the Top Stocks * Returns as of 2/20/25

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Joseph Solitro has no position in any stocks mentioned. The Motley Fool owns shares of Enbridge. Enbridge is a recommendation of Stock Advisor Canada.

Confidently Navigate Market Volatility: Claim Your Free Report!

Feeling uneasy about the ups and downs of the stock market lately? You’re not alone. At The Motley Fool Canada, we get it — and we’re here to help. We’ve crafted an essential guide designed to help you through these uncertain times: "5-Step Checklist: How to Prepare Your Portfolio for Volatility."

Don't miss out on this opportunity for peace of mind. Just click below to learn how to receive your complimentary report today!

Get Our Free Report Today

More on Dividend Stocks

Paper Canadian currency of various denominations
Dividend Stocks

Here’s How Many Shares of ZMI You Should Own to Get $500 in Monthly Dividends

This BMO monthly income ETF is diversified and easy to understand.

Read more »

dividends can compound over time
Dividend Stocks

Tariff Risks Are Rising: Here’s How to Stay Ahead as an Investor

Are you worried about tariffs? Worry no more and protect yourself with these three stocks offering protection.

Read more »

investor looks at volatility chart
Dividend Stocks

Market Correction: 3 Canadian Stocks to Buy Before Prices Rebound

These three Canadian stocks certainly offer a lot to investors, such as stability and value, but growth is definitely in…

Read more »

a person prepares to fight by taping their knuckles
Dividend Stocks

Tariff Trouble: How Canadian Investors Can Protect Their Portfolios

Canadian investors can protect themselves against Trump tariffs through diversification.

Read more »

Young Boy with Jet Pack Dreams of Flying
Dividend Stocks

Here’s How Many Shares of Peyto You Should Own to Get $100 in Monthly Dividends

Peyto Exploration and Development stock offers investors monthly income and exposure to the strong natural gas market.

Read more »

space ship model takes off
Dividend Stocks

Why Magellan Aerospace Could Be the Hottest TSX Stock in 2025

An industry consolidator with visible earnings growth could be the hottest TSX stock in 2025.

Read more »

sale discount best price
Dividend Stocks

TSX Sell-Off: These 2 Oversold Stocks Look Like Bargains Today

These Canadian stocks that have slipped into oversold territory but could offer promising value.

Read more »

Dividend Stocks

2 Top Canadian Dividend Stocks to Buy on a Pullback

These TSX stocks have increased their distributions annually for decades.

Read more »