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Wednesday, July 20, 2022

More and more dividend candies from Methanex Corporation (MX)

The "Dividend candies" make me laugh. In my beautiful non-registered portfolio, Methanex Corporation (MX) is among the first stocks that I invested in many years ago. Currently, MX is on a wonderful gain of +210,83% in my non-registered portfolio. It's really rare that MX announced a dividend increase. I don't actually remember if it's an event that ever happens before now, but I doubt it. Just a few days ago, Methanex Corporation (MX) announced a happy 20% dividend increase

That's somewhat exciting news. One strange thing is that this is actually happening now, while we are struggling with both recession AND inflation. The recession state hasn't been declared yet, but if it happens, it could be the first time that we have to deal with both of those strange things at the exact same time. This latest dividend increase for Methanex Corporation (MX) increased my annual dividend to close to $11,600.

On that good note, my non-registered portfolio closed today's session at $141,745.08, my US portfolio at $4,780.52, my RRSP portfolio at $63,918.34, and my TFSA portfolio at $119,230.09. Today, I invested a very small in TD inside my TFSA portfolio. I bought less than 5 shares.

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