On Friday, November 4th, Fortis Inc. (FTS) announced that its Board of Directors approved a quarterly dividend increase from C$0.615 to C$0.64 per share. The dividend is payable on December 1, 2025, to shareholders of record as of November 17, 2025. This marks a 4.07% increase over the previous quarterly dividend.
At the current price of C$72.12 (yesterday's close), this increase will raise FTS's dividend yield to 3.55%.
Fortis is a member of Canadian Dividend All Star List with a 51 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 4.4, 5.2, 5.5 and 6.4 (Canadian Dividend All-Star List)
As an owner of 170 shares of Fortis, the recent dividend increase adds $8.98 to my projected annual net dividend income.
I was expecting a dividend increase of around 4%, so this announcement aligns perfectly with my expectations.
This marks the eighth dividend increase I’ve received from Fortis Inc. since initiating my position in February 2018. During that time, the company’s quarterly dividend has grown steadily from C$0.425 to C$0.64 per share, representing a cumulative increase of 50.6% — right in line with my expectations for this reliable dividend grower.
As of this writing, Fortis represents approximately 1.0% of my portfolio by weight and contributes around 0.85% to my projected annual dividend income.
Following this increase, my yield on cost is 5.82%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long FTS
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