Fortis Inc. (FTS): 52 Straight Years of Dividend Increases

If XDIV has a poster child for "boring but reliable," it's Fortis. This is a company whose entire investment case is built around one number: 52.

What Fortis Actually Does

Fortis owns and operates regulated electric and natural gas utilities across five Canadian provinces, ten US states, and three Caribbean countries, serving several million customers. As a regulated utility, its rates and allowed returns are set by government regulators rather than determined by open-market competition, in exchange for an obligation to serve all customers in its territory reliably.

The 52-Year Streak

Fortis has now raised its dividend every single year for 52 consecutive years, extending a streak that started in the 1970s — one of the longest dividend growth records of any company listed on the Toronto Stock Exchange. Management has guided to continued annual dividend growth of roughly 4–6% through 2030, backed by a multi-billion-dollar regulated capital investment plan into grid upgrades and renewable-ready infrastructure.

Why Regulation Is the Whole Point

A regulated utility's revenue is tied to its allowed rate base rather than to swings in oil prices or interest rate cycles, which is precisely why utilities like Fortis sit near the top of "quality dividend" methodologies: predictable, contract-like cash flow is the raw material a long, uninterrupted dividend streak is built from.

Related Calculators

Frequently Asked Questions