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MX - Canadian All-Star Stocks: Dividend Increases - Week Of May 4
MagnaChip Semiconductor Corporation
As earnings season ramps up, it will be a busy week for Canadian Dividend All-Stars. Of those reporting, there are eight who are coming up to their annual dividend raise announcements.
However, investors must keep their expectations in check. Last week saw a flurry of additional dividend cuts and suspensions. As of writing, there have been 54 TSX-listed companies which have either cut or suspended the dividend. Of those, seven are Canadian Dividend All-Stars.
Last week, Gildan Activewear (GIL)(TSX:GIL) announced a suspension to the dividend while Methanex (MEOH