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 its quarterly payout and is tied with Alberta-based Canadian Utilities for the longest record of consecutive annual dividend increases, at 47 years. The current yield is 3.8%. The company is targeting yearly increases in the 6% range through 2025. - Gordon Pape
Current Advice
Buy
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Capital Gain/Loss
38.8%