(This was originally published in the September 2019 version of the Dividend Growth Newsletter. It is available here.)
Our newest addition to our ongoing series Featured Dividends is Andrew Peller Ltd. (ADW.A – TSX)
Formerly known as Andrés Wines Ltd., the company produces and sells wine, spirits and wine related products. Started in 1961 out of Port Moody, BC, Andrew Peller is still run by the Peller family today with winery operations across Canada.
Andrew Peller Ltd. sells under a variety of well-known trademarks such as Peller Estates, Sandhill, Wayne Gretzky Estates, Tinhorn Creek, Panama Jack, Baby Duck and others through 670 authorized retailers and 101 wholly owned retail outlets.
CEO John Peller announced an increase in common share dividends by 4.8% in June, “a reflection of our confidence in the future and our commitment to enhancing shareholder value over the long term.”