Dividend Yield (TTM)
3.39%
vs 5Y avg 3.39% · 10Y avg 2.97%
Dividend Yield (Forward)
3.45%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.57
Forward (annualized): $2.60
Payout Ratio (EPS, TTM)
68.2%
Payout Ratio (FCF, TTM)
71.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.7%5Y3.6%10Y18.9%
Consecutive Growth Years
10
as of 2025
Years Without a Cut
10
as of 2025
Total Shareholder Yield (TTM)
4.89%
Div 4.25% + Net buyback 0.64%
Growth, streak and CAGR figures exclude special dividends.
Statement cash flows converted from the reporting currency at each fiscal year's average rate (vendor forex_rate).
Dividends per share
Cash dividends, split-adjusted · USD
Payout ratio
Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.
Dividend yield
Trailing-twelve-month dividends ÷ month-end price.
Capital returns
Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.
Total Shareholder Yield (TTM)
4.9%
Dividends 4.3% + Net buybacks 0.6%
Net Buyback (TTM)
C$238M
Gross C$238M − Issuance C$0
SBC (TTM)
C$194M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (6.9% latest vs 3.1% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.48 | +6.9% | 1 | |
| 2024 | 2.32 | +5.5% | 1 | |
| 2023 | 2.20 | +1.9% | 1 | |
| 2022 | 2.16 | +1.9% | 1 | |
| 2021 | 2.12 | +1.9% | 1 | |
| 2020 | 2.08 | +4.0% | 1 | |
| 2019 | 2.00 | +11.1% | 1 | |
| 2018 | 1.80 | +130.8% | 1 | |
| 2017 | 0.78 | +25.8% | 4 | |
| 2016 | 0.62 | +40.9% | 4 | |
| 2015 | 0.44 | — | 3 |
Special dividends are excluded from these figures. Based on 47 regular payments.
Payment history (47 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-09-18 | $0.65 | 0.0% | Cash | quarterly | 2026-08-06 | 2026-09-18 | 2026-10-02 |
| 2026-06-23 | $0.65 | 0.0% | Cash | quarterly | 2026-05-06 | 2026-06-23 | 2026-07-07 |
| 2026-03-19 | $0.65 | +4.8% | Cash | quarterly | 2026-02-12 | 2026-03-19 | 2026-04-02 |
| 2025-12-23 | $0.62 | 0.0% | Cash | quarterly | 2025-10-30 | 2025-12-23 | 2026-01-06 |
| 2025-09-23 | $0.62 | 0.0% | Cash | quarterly | 2025-08-07 | 2025-09-23 | 2025-10-07 |
| 2025-06-24 | $0.62 | 0.0% | Cash | quarterly | 2025-05-08 | 2025-06-24 | 2025-07-08 |
| 2025-03-21 | $0.62 | +6.9% | Cash | quarterly | 2025-02-12 | 2025-03-21 | 2025-04-04 |
| 2024-12-20 | $0.58 | 0.0% | Cash | quarterly | 2024-11-05 | 2024-12-20 | 2025-01-03 |
| 2024-09-20 | $0.58 | 0.0% | Cash | quarterly | 2024-08-08 | 2024-09-20 | 2024-10-04 |
| 2024-06-21 | $0.58 | 0.0% | Cash | quarterly | 2024-04-30 | 2024-06-21 | 2024-07-05 |
| 2024-03-20 | $0.58 | +5.5% | Cash | quarterly | 2024-02-13 | 2024-03-21 | 2024-04-04 |
| 2023-12-20 | $0.55 | 0.0% | Cash | quarterly | 2023-11-02 | 2023-12-21 | 2024-01-04 |
| 2023-09-19 | $0.55 | 0.0% | Cash | quarterly | 2023-08-08 | 2023-09-20 | 2023-10-04 |
| 2023-06-21 | $0.55 | 0.0% | Cash | quarterly | 2023-05-03 | 2023-06-22 | 2023-07-06 |
| 2023-03-21 | $0.55 | +1.9% | Cash | quarterly | 2023-02-14 | 2023-03-22 | 2023-04-05 |
| 2022-12-20 | $0.54 | 0.0% | Cash | quarterly | 2022-11-03 | 2022-12-21 | 2023-01-04 |
| 2022-09-20 | $0.54 | 0.0% | Cash | quarterly | 2022-08-04 | 2022-09-21 | 2022-10-05 |
| 2022-06-21 | $0.54 | 0.0% | Cash | quarterly | 2022-05-03 | 2022-06-22 | 2022-07-06 |
| 2022-03-22 | $0.54 | +1.9% | Cash | quarterly | 2022-02-15 | 2022-03-23 | 2022-04-06 |
| 2021-12-20 | $0.53 | 0.0% | Cash | quarterly | 2021-10-25 | 2021-12-21 | 2022-01-05 |
| 2021-09-20 | $0.53 | 0.0% | Cash | quarterly | 2021-07-30 | 2021-09-21 | 2021-10-05 |
| 2021-06-22 | $0.53 | 0.0% | Cash | quarterly | 2021-04-29 | 2021-06-23 | 2021-07-07 |
| 2021-03-22 | $0.53 | +1.9% | Cash | quarterly | 2021-02-11 | 2021-03-23 | 2021-04-06 |
| 2020-12-18 | $0.52 | 0.0% | Cash | quarterly | 2020-10-27 | 2020-12-21 | 2021-01-05 |
| 2020-09-17 | $0.52 | 0.0% | Cash | quarterly | 2020-08-06 | 2020-09-18 | 2020-10-02 |
| 2020-06-16 | $0.52 | 0.0% | Cash | quarterly | 2020-05-01 | 2020-06-17 | 2020-06-30 |
| 2020-03-13 | $0.52 | +4.0% | Cash | quarterly | 2020-02-10 | 2020-03-16 | 2020-04-03 |
| 2019-12-16 | $0.5 | 0.0% | Cash | quarterly | 2019-10-28 | 2019-12-17 | 2020-01-03 |
| 2019-09-16 | $0.5 | 0.0% | Cash | quarterly | 2019-08-02 | 2019-09-17 | 2019-10-03 |
| 2019-06-14 | $0.5 | 0.0% | Cash | quarterly | 2019-04-29 | 2019-06-17 | 2019-07-03 |
| 2019-03-14 | $0.5 | +11.1% | Cash | quarterly | 2019-01-23 | 2019-03-15 | 2019-04-03 |
| 2018-12-14 | $0.45 | 0.0% | Cash | quarterly | 2018-10-24 | 2018-12-17 | 2019-01-04 |
| 2018-09-06 | $0.45 | 0.0% | Cash | quarterly | 2018-08-01 | 2018-09-07 | 2018-10-01 |
| 2018-05-14 | $0.45 | 0.0% | Cash | quarterly | 2018-04-24 | 2018-05-15 | 2018-07-03 |
| 2018-03-14 | $0.45 | +114.3% | Cash | quarterly | 2018-02-13 | 2018-03-15 | 2018-04-02 |
| 2017-12-14 | $0.21 | +5.0% | Cash | quarterly | 2017-10-25 | 2017-12-15 | 2018-01-03 |
| 2017-09-14 | $0.2 | +5.3% | Cash | quarterly | 2017-08-01 | 2017-09-15 | 2017-10-03 |
| 2017-05-11 | $0.19 | +5.6% | Cash | quarterly | 2017-04-26 | 2017-05-15 | 2017-07-06 |
| 2017-03-01 | $0.18 | +5.9% | Cash | quarterly | 2017-02-13 | 2017-03-03 | 2017-04-04 |
| 2016-12-06 | $0.17 | +6.3% | Cash | quarterly | 2016-10-24 | 2016-12-08 | 2017-01-04 |
| 2016-09-01 | $0.16 | +6.7% | Cash | quarterly | 2016-08-03 | 2016-09-06 | 2016-10-04 |
| 2016-05-12 | $0.15 | +7.1% | Cash | quarterly | 2016-04-28 | 2016-05-16 | 2016-07-06 |
| 2016-03-01 | $0.14 | +7.7% | Cash | quarterly | 2016-02-16 | 2016-03-03 | 2016-04-04 |
| 2015-11-23 | $0.13 | +8.3% | Cash | quarterly | 2015-10-27 | 2015-11-25 | 2016-01-05 |
| 2015-08-26 | $0.12 | +20.0% | Cash | quarterly | 2015-07-27 | 2015-08-28 | 2015-10-02 |
| 2015-05-27 | $0.1 | +11.1% | Cash | quarterly | 2015-04-27 | 2015-05-29 | 2015-06-03 |
| 2015-02-27 | $0.09 | – | Cash | quarterly | 2015-02-17 | 2015-03-03 | 2015-04-02 |
Amounts are in the declared currency; the listing currency is CAD.
No splits on record.