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.In late September, the company announced a 5.6% increase in the quarterly dividend to $0.565 per share ($2.26 a year), effective with the Dec. 1 payment. It marks the 49th consecutive year that Fortis has increased its payout. The shares yield 4.4% at the current price. - Gordon Pape
Current Advice
Buy
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Capital Gain/Loss
33.2%