Canadian National Railway ($CNI) announced its next dividend of C$0.845 per share, a 6.96% increase over the company's previous payout of C$0.790.
As a result, DivGro's annual dividend income will increase by approximately $26.05 (after accounting for the exchange rate).
The dividend is payable on 28 March to shareholders of record at the close of business on 7 March. The ex-dividend date is 6 March.
As with all foreign currency dividends, I'll update DivGro's projected annual dividend income [PADI] when the dividend is paid in March.
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