Thursday, May 17, 2018

Recent Buy - Fortis Inc. (FTS.TO)

On Friday May 11, I bought 35 shares of Fortis Inc. at CA$ 42.30 per share plus commission.


My overall cost basis of this position increases from CA$ 41.38 to CA$ 41.85 per share. I totally hold now 75 shares of FTS and my yield on cost is 4.06%. You can look at my first purchase of CU here

 

Details of my purchase: 




With current quarterly dividend (CA$ 0.425), my last purchase 35 shares of FTS increases € 29.33 (CA$ 44.33) of expected annual net dividend income. At today's exchange rate, this purchase will increase my portfolio projected annual net dividend income approximately to € 12,980.00. After this acquisition, FTS's weight of my portfolio is about 0.50% and its share of future annual dividend income is approximately 0.48%. My purpose is slowly to continue to build up FTS's share of my portfolio.


Click here to see my portfolio.

Full Disclosure: Long FTS

Thanks for stopping by!
  

4 comments:

  1. Hi Hawk, how come you buy Fortis? You have a bunch of other stocks yielding more and with similar growth rate. Any specific reason? Or just even out the portfolio? Regards, T
    Http://toscananext.blogspot.se

    ReplyDelete
    Replies
    1. Hi T, Fortis was the smallest Canadian utilities in the portfolio, so it was FTS's turn to grow up a bit.

      Thanks for visiting,
      DH

      Delete
  2. Great buy! Utilities have been out of favour and have been on my radar screen. I thought about buying FTS yesterday but went with CU because the yield was higher. I think both are good longterm investments.

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  3. Another week, another great buy, you are the perfect example of an investor who keeps investing every week, no matter the circumstances. Nice buy, you've grown your forward income by a lot already this year!

    DI

    ReplyDelete