One of Canada’s premier dividend growth companies, Fortis (TSX:FTS) announced a 6.1% raise to its quarterly dividend on Tuesday. The raise is inline with company guidance in which it expects to raise dividends by an average of 6% through 2022. What does this mean for the company moving forward?
A stagnant dividend is often thought of as a poor dividend. As time goes by, things get more expensive and the value of a dollar consistently falls. That is why it is important to purchase companies that provide reliable, safe and growing dividends for your portfolio.