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 shutdown of small businesses and manufacturing will affect demand this year, so I expect revenue and profits to decline. But the share price, which dropped to the $42 range in March, is back up to $54.53. The quarterly dividend of $0.4775 ($1.91 per year) yields 3.5%. - Gordon Pape
Current Advice
Hold
Consult your broker/advisor
Capital Gain/Loss
43.0%