Fortis is an electricity and natural gas distribution utility. It is based in St. John’s and has operations across Canada as well as in the U.S. and Caribbean. Its regulated utilities serve more than three million customers. Fortis also owns long-term contracted hydroelectric generation assets in British Columbia and Belize.
Wealth Builder
Sorry, you do not have access to this content.Income Investor
Sorry, you do not have access to this content.The company recently announced a 5.8% increase in the quarterly dividend to $0.505 per share ($2.02 per year), effective with the December payment. Fortis also extended its guidance for future annual dividend hikes in the 6% range to 2025. - Gordon Pape
Current Advice
Buy
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Capital Gain/Loss
43.9%