Dividend Increase – Fortis Inc. (FTS.TO)

Monday, October 15th the Board of Directors of Fortis Inc. announced a quarterly dividend increase of from CA$ 0.425 to CA$ 0.45 per share that’s payable December 1, 2018 to holders of record November 20, 2018. This represents a 5.88% increase to regular quarterly dividends. With current price CA$ 41.86 (yesterday's close), this raise brings their dividend yield to 4.30%.

Since I own 140 shares of FTS, this will increase my yearly net dividends by CA$ 10.43.

That increase rise my YOC to 4.32%

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long FTS.TO

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