ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Dec. 13, 2011) - The Board of Directors of Fortis Inc. (the "Corporation") (TSX:FTS) has declared a common share dividend of $0.30 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on March 1, 2012 to the Common Shareholders of Record at the close of business on February 15, 2012.
The 3.4 per cent increase in the quarterly common share dividend to $0.30 from $0.29 extends the Corporation's record of annual common share dividend payment increases to 39 consecutive years, the longest record of any public corporation in Canada.
While I was breaking my back earning a living, I checked my smart phone at coffee to find out that Fortis increased its dividend by 3.4% today. It's my third raise this month and it's been 4 years since I've received a raise at my day job. Can you see why I'm so passionate about dividend investing?
My initial yield on Fortis was 4.05% and today my yield on the same investment is 4.34%. Slowly but surely my yield is increasing every year with each consecutive dividend increase. Here's a look at Fortis Inc dividend growth history, courtesy of my friend Think Dividends:
Do you own shares in Fortis?
8 comments:
I've gotten 4 increases in the past 2 weeks - CTY, BCE, ENB and FTS, for about 1.5% increase in my total annual dividend income. It's a lot easier than working for no increase!
Now if the banks will just come through...
I hear ya Cntrydad! Hopefully BMO gets a dividend increase in the works.
Awesome news! I missed this announcement. Thanks for sharing!
Anytime Robb! Thanks for stopping by.
This is great news on Fortis. I have been in invested in this company since 1987 and, according to Quicken, I have made a return of 13.5% per year.
Not bad. Also, of this return some 5% per year is from Dividends. I think that comes out to some 36% of my return is from dividends.
Great news! I do have fortis with Computershare and send cheques to buy more regularly :)
That's amazing, Susan! I can't wait to have a portfolio like yours!
I just started to drip in my TFSA, Passive. I might have to start sending cheques to buy shares so I can buy with a discount.
Post a Comment