Hey fellow investors thought I would do a bonus post this week. On Monday October 16th, 2017 Fortis announced a 6.25% raise to it’s dividend. This raise marks the 44th consecutive annual dividend raise from Fortis. This is the first raise for my portfolio in a couple of months when Royal Bank of Canada announced their raise on August 23rd.
About Fortis
Fortis Inc. is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. Fortis is a leader in the North American utility industry with assets of approximately $48 billion and 2016 revenue of $6.8 billion. Fortis serves utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.
Dividend History
(Source for the graph was Fortis website)
Income
Monday’s announcement increased the dividend to $0.425 per quarter from $0.40. This marks the 4th increase I have received from Fortis.
I currently own 161 shares so the increase boosts my annual income by $16.12.
Congrats to all the other shareholders who own this great company.
Thanks for reading
Matthew
All About The Dividends 
Nice GIF at the end! I think you have more FTS shares than me! I think I have 150, but have to double check. Do you DRIP your Fortis shares? I am a huge FTS fan 🙂
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Thanks as soon as I seen the GIF I knew I had to put it in the post. I have 161 shares of FTS. No I don’t drip my shares I take the cash so I can redirected the money. I am a big fan as well 👍😁
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