Author: Consultant

– Enbridge Inc. raised its dividend as it forecasted another year of steady and predictable growth for 2026 driven by new projects entering service, as well as strong utilization and optimization of its existing assets. The company says it will now pay a quarterly dividend of 97 cents per share, up from 94.25 cents per share. The new dividend rate equates to an annual yield of nearly 5.8 per cent based Enbridge’s closing share price on Tuesday. The increased payment to shareholders came as Enbridge says it expects adjusted earnings before interest, income taxes and depreciation of $20.2 billion to $20.8 billion for 2026. Distributable cash flow per share is forecast between $5.70 and $6.10 for next year. Enbridge chief executive Greg Ebel said the guidance represents a four per cent increase from the respective midpoints of the company’s forecast for 2025. This report by The Canadian Press was first published Dec. 3, 2025.

TD Bank Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago, weighed down by one-time restructuring charges. The bank says it will pay a quarterly dividend of $1.08 per share, up from $1.05 per share. TD says its profit amounted to $3.28 billion or $1.82 per diluted share for the quarter ended Oct. 31, compared with a profit of $3.64 billion or $1.97 per diluted share a year ago. On an adjusted basis, TD says it earned $2.18 per diluted share for its latest quarter, up from an adjusted profit of $1.72 per diluted share in the same quarter last year. Revenue for the quarter totalled $15.49 billion, down from $15.51 billion a year ago, while the bank’s provision for credit losses amounted to $982 million, down from $1.11 billion in the same quarter last year. Analysts on average had expected an adjusted profit of $2.03 per share, according to estimates compiled by LSEG Data & Analytics.  This report by The Canadian Press was first published Dec. 4, 2025.

CIBC raised its dividend as it reported a fourth-quarter profit of $2.18 billion, up from $1.88 billion a year ago. The bank says it will now pay quarterly dividend of $1.07 per share, up from 97 cents per share. CIBC says its profit for the quarter ended Oct. 31 amounted to $2.20 per diluted share, up from $1.90 per diluted share a year ago. Revenue for the quarter totalled $7.58 billion, up from $6.62 billion, while the bank’s provision for credit losses amounted to $605 million, up from $419 million a year ago. On an adjusted basis, CIBC says it earned $2.21 per diluted share, up from an adjusted profit of $1.91 per diluted share in the same quarter last year. Analysts on average had expected an adjusted profit of $2.08 per share, according to estimates compiled by LSEG Data & Analytics.    This report by The Canadian Press was first published Dec. 4, 2025.

– BMO Financial Group raised its dividend as it reported a fourth-quarter profit of $2.30 billion. The bank says it will now pay a quarterly dividend of $1.67 per share, an increase of four cents per share. BMO says its profit amounted to $2.97 per diluted share for the quarter ended Oct. 31 compared with a profit of $2.30 billion or $2.94 per diluted share a year ago when it had more shares outstanding. Revenue for the quarter totalled $9.34 billion, up from $8.96 billion last year, while the bank’s provision for credit losses totalled $755 million, down from $1.52 billion a year ago. On an adjusted basis, BMO says it earned $3.28 per diluted share, up from an adjusted profit of $1.90 per diluted in the same quarter last year. Analysts on average had expected an adjusted profit of $3.03 per share, according to estimates compiled by LSEG Data & Analytics.