Dividend News Update: Fortis Does It Again

They continue to impress and reward investors.

Fortis Board of Directors recently announced their 2011 Q1 dividend will increase by 3.6%. The common share dividend will be bumped to $0.29 per share from $0.28 payable to shareholders on March 1, 2011.

Just so you know, Fortis holds the impressive distinction of being the ONLY Canadian company to increase its annual common share dividend payment over the last 38 years.

I’ll own it eventually, for reasons beyond this news above, but this announcement is a darn good argument for doing so unto itself.

Any Fortis owners out there celebrating?

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