Today, September 10th the Board of Directors of Fortis Inc. announced its 46th consecutive year of increased dividends. The Board declared a common share dividend of CA$ 0.4775 per share, an increase of from CA$ 0.45 per share that’s payable December 1, 2019 to holders of record November 19, 2019. This represents a 6.11% increase to regular quarterly dividends. In addition, the Corporation has targeted average annual dividend per common share growth of approximately 6% through 2024 based on an annualized dividend of $1.80.
With current price CA$ 55.43 (yesterday's close), this
raise brings their dividend yield to 3.45%.
Since I own 140 shares of FTS, this will increase my
portfolio's projected annual net dividend income by CA$ 11.47.
This increase raises my YOC to 4.58%.
Summary of 2019 Dividend Increases / Cuts
No.
|
Ticker
|
Increase %
|
Net Increase
|
Net Increase
|
No.
|
Ticker
|
Increase %
|
Net Increase
|
Net Increase
|
€
|
$
|
€
|
$
|
||||||
1
|
TSX:CU
|
7.48%
|
8.14
|
9.93
|
2
|
O
|
2.04%
|
3.00
|
3.42
|
3
|
OKE
|
0.58%
|
0.65
|
0.75
|
4
|
WEC
|
6.79%
|
1.47
|
1.68
|
5
|
KMB
|
3.00%
|
1.02
|
1.16
|
6
|
INTC
|
5.00%
|
15.81
|
17.88
|
7
|
TELIA1
|
2.61%
|
13.00
|
14.82
|
8
|
NCC
|
-50.00%
|
-86.22
|
-98.61
|
9
|
CVX
|
6.25%
|
10.90
|
12.52
|
10
|
UPM
|
13.04%
|
122.93
|
140.95
|
11
|
GILD
|
10.53%
|
5.47
|
6.26
|
12
|
ADM
|
4.48%
|
3.33
|
3.80
|
13
|
MMM
|
5.88%
|
1.25
|
1.43
|
14
|
BIP
|
6.91%
|
0,77
|
0,87
|
15
|
NESTE
|
34.12%
|
172.84
|
196.45
|
16
|
ORNBV
|
3.45%
|
11.17
|
12.70
|
17
|
KESKOB
|
6.36%
|
10.43
|
11.85
|
18
|
SAMPO
|
9.62%
|
28.86
|
32.77
|
19
|
TSX:BCE
|
4.97%
|
7.79
|
8.84
|
20
|
TEL2
|
10.00%
|
6.42
|
7.24
|
21
|
TROW
|
8.57%
|
8.72
|
9.83
|
22
|
SKT
|
1.43%
|
1.98
|
2.24
|
23
|
CSCO
|
6.06%
|
9.76
|
11.03
|
24
|
PEP
|
2.96%
|
7.25
|
8.19
|
25
|
KO
|
2,56%
|
3.94
|
4.47
|
26
|
KHC
|
-36.00%
|
-59.14
|
-67.05
|
27
|
DLR
|
6.93%
|
22.08
|
25.03
|
28
|
MGA
|
10.61%
|
4.60
|
5.22
|
29
|
TSX:RY
|
4.08%
|
9.60
|
10.89
|
30
|
TSX:BNS
|
2.35%
|
6.16
|
7.02
|
31
|
ETN
|
7.58%
|
3.93
|
4.47
|
32
|
MAIN
|
2.56%
|
3.93
|
4.47
|
33
|
TSX:CM
|
2.94%
|
1.19
|
1.36
|
34
|
TSX:TD
|
10.45%
|
25.07
|
28.51
|
35
|
O
|
0.22%
|
0.34
|
0.38
|
36
|
WPC
|
0.19%
|
0.37
|
0.42
|
37
|
WSM
|
11.63%
|
5.87
|
6.71
|
38
|
KMI
|
25.00%
|
26.38
|
29.80
|
39
|
UNA:AS
|
5.99%
|
5.53
|
6.21
|
40
|
OKE
|
0.58%
|
0.66
|
0.75
|
41
|
LAZ
|
6.82%
|
8.01
|
8.94
|
42
|
JNJ
|
5.56%
|
8.03
|
8.94
|
43
|
MAIN
|
2.50%
|
1.73
|
1.94
|
44
|
BAX
|
15.79%
|
4.80
|
5.36
|
45
|
CAH
|
1.01%
|
0.73
|
0.82
|
46
|
TSX:T
|
3.21%
|
6.21
|
6.96
|
47
|
AQN
|
9.98%
|
17.04
|
19.07
|
48
|
FLO
|
5.56%
|
4.96
|
5.51
|
49
|
O
|
0.22%
|
0.34
|
0.38
|
50
|
TGT
|
3.13%
|
6.08
|
6.85
|
51
|
DUK
|
1.89%
|
1.63
|
1.83
|
52
|
WBA
|
3.98%
|
2.32
|
2.61
|
53
|
OKE
|
2.89%
|
3.34
|
3.73
|
54
|
NTR
|
4.65%
|
2.94
|
3.28
|
55
|
ITW
|
7.00%
|
3.75
|
4.17
|
56
|
TSX:RY
|
2.94%
|
7.27
|
8.06
|
57
|
TSX:CM
|
2.86%
|
2.35
|
2.60
|
58
|
MO
|
5.00%
|
18.82
|
20.86
|
59
|
TSX:BNS
|
3.45%
|
9.43
|
10.47
|
60
|
TSX:FTS
|
6.11%
|
7.89
|
8.71
|
TOTAL
|
€544.89
|
$617.74
|
Increases
have been reported by deducting a 25.5% capital income tax.
Full Disclosure: Long FTS
Thanks for stopping by!
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