Toromont Industries Limited today announced it is increasing its quarterly dividend 6% to CAD$0.19 per share, and this represents the 28th consecutive year of dividend increases for the company.
See below link for news on 2016 financial performance and dividend announcement:
https://www.toromont.com/newsdetails.asp?ReleaseID=1010626
See below my rationale for investing in Toromont Industries Ltd.:
Heavy Duty Success: Toromont Industries Ltd.
Automobile retailer Penske Automotive Group (NYSE: PAG) announced a U.S. 1 cent increase in its quarterly dividend to U.S. 29 cents per share today. Today’s dividend increase follows similar increases announced in January, May, and July of this year, and amounts to a total increase over the final quarterly 2015 dividend of an impressive 16%.
You can read the announcement here:
http://investors.penskeautomotive.com/phoenix.zhtml?c=82644&p=irol-newsArticle&ID=2212893
The Security Whisperer 