Wednesday, September 28th the Board of Directors of Fortis Inc. (TSE: FTS) announced a quarterly dividend increase of from C$ 0.535 to C$ 0.565 per share that’s payable December 1, 2022 to holders of record November 17, 2022. This represents a 5.61% increase over the last quarterly dividend. That announcement marks 49 consecutive years of dividend increases.
With current price $ 54.72 (today's open), this raise brings their dividend yield to 4.13%.