This announcement of a 250% dividend increase by PNC is a step in the right direction towards restoring their dividend that once paid out $.66 per share every quarter.
Principal Financial Group announced yesterday that the company will increase their annual dividend by 10% to $.55 per share.
Bank of America CEO Brian Moynihan was recently asked at a Sanford Bernstein analyst conference how large of a dividend increase should investors expect.
One of our favorite Canadian dividend plays is the Bank of Montreal, which we view as the safest Canadian dividend stock.