Hi everyone, back on September 23rd Fortis provided shareholders and the world with an update on their five year capital program. In the update it announced that the company was going to be raising it’s dividend for a 47th consecutive year. The raise is 5.8% and the quarterly payout is now $0.505 up from $0.477.
I currently own 265 shares in two accounts TFSA (53) & RRSP (212) with this raise my forward dividend income will increase by $29.68. My RRSP income will grow by $23.76 and for my TFSA account $5.92.
Portfolio Raises in 2020
| Stock | Old Dividend | New Dividend | Forward Income |
| Canadian Utilities | $0.4227 | $0.4354 | $7.92 |
| Realty Income Corp | $0.2275 | $0.2325 | $2.88 |
| Canadian National Railway | $0.5375 | $0.5750 | $2.24 |
| 3M Company | $1.44 | $1.47 | $1.20 |
| Suncor | $0.42 | 0.465 | $8.80 |
| BCE | $0.7925 | $0.8325 | $22.68 |
| Diversified Royalty Corp | $0.23 | $0.2350 | $0.98 |
| TC Energy | $0.75 | $0.81 | $35.52 |
| Royal Bank of Canada | $1.05 | $1.08 | $11.52 |
| Home Depot | $1.36 | $1.50 | $6.72 |
| Transcontinental | $0.2200 | $0.2250 | $2.44 |
| Aecon Group | $0.145 | $0.16 | $2.40 |
| Power Corp | $0.405 | $0.4475 | $40.12 |
| Johnson & Johnson | $0.9500 | $1.01 | $5.76 |
| Algonquin Power & Utilities | $0.1410 | $0.1551 | $18.56 |
| Walgreen’s Boots Alliance | $0.4575 | $0.4675 | $0.80 |
| Altria Group | $0.84 | $0.86 | $6.88 |
| Microsoft | $0.51 | $0.56 | $4.20 |
| Texas Instruments | $0.90 | $1.02 | $11.04 |
| Fortis | $0.477 | $0.505 | $29.68 |
| Total | $222.04 |
If you own Fortis then congrats on the raise fellow shareholder!
Thanks for reading!
Matthew
All About The Dividends 
Really impressive. Fortis is unstoppable!
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Yes they seem to be unstoppable! Love Fortis such a solid company!
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I finally convinced my wife to buy Fortis. She bought 50 shares. Your position of 265 is pretty impressive!!
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Yay this is great news. She won’t regret buying into Fortis.
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