Wednesday, December 10, 2008

Fortis Increases Dividend

Another of the companies that I own in my DRiP portfolio, Fortis, has just annouced a small 4% dividend increase. On top of that, the company has added a 2% discount on shares purchased by the reinvested dividends.

Although this may look like an insignificant increase, it's still means that I'm getting a raise of 6% (since I reinvest those dividends). Who can say with confidence that they'll get that much of a raise at work this year, without having to do any more work, or even asking for it?

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