"The 3.6 per cent increase in the quarterly common share dividend to $0.29 from $0.28 extends the Corporation's record of annual common share dividend payment increases to 38 consecutive years, the longest record of any public corporation in Canada." (Marketwire - Dec. 14, 2010)
At first glance 3.6 per cent might not seem like much, but it's enough to keep up with inflation which gives my retirement nest egg the buying power it's going to need in the future. My investments in dividend paying companies with proven dividend growth is like a gift that keeps on giving all year long. I can't wait to see what 2011 will bring with the income fund conversions and the big bank rumors of increasing dividends.
2 comments:
3% dividend growth is what Fortis has average from 1991 to 2005.
The nice increases from 2006-2008 (14%, 22%, 22%)have driven investor expectations out of line.
IMO - This is a 3% - 5% dividend grower going forward.
Congrats on owning it. I hope too in 2011; hopefully the price will drop some for me.
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