fortis
Fortis Inc. is a Canadian electric utility holding company, based in St. John’s, Newfoundland and Labrador. It operates in Canada, the United States, Central America and the Caribbean.
Fortis was formed in 1987, when shareholders of the regulated transmission and distribution utility Newfoundland Light & Power Co. voted to form a separate holding company.
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For 2026, we selected power provider Fortis as your #1 Income Buy. The key attraction was and is its rate-regulated operations, which provide stable cash flow to support dividends. In fact, the utility expects to lift that payment by 4%-6% annually through 2030.
Beyond dependable income, shareholders should benefit from Fortis’s ongoing investment in generation facilities and transmission infrastructure. These upgrades will help it meet rising electricity demand from new datacentres across Canada and the U.S. Datacentres often require 5 to 30 times more electricity to answer an internet search question with artificial intelligence than to answer it without AI.
Beyond dependable income, shareholders should benefit from Fortis’s ongoing investment in generation facilities and transmission infrastructure. These upgrades will help it meet rising electricity demand from new datacentres across Canada and the U.S. Datacentres often require 5 to 30 times more electricity to answer an internet search question with artificial intelligence than to answer it without AI.
Utilities remain a popular choice for income-seeking investors as their vital services give them predictable cash flows for dividends. Both of these are buys.
ENBRIDGE INC. $72 is a buy. The company (Toronto symbol ENB; Income-Growth Payer Portfolio, Utilities sector; Shares outstanding: 2.2 billion; Market cap: $150.4 billion; Dividend yield: 5.4%; Dividend Sustainability Rating: Highest; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S. Its network transports 30% of the crude oil produced in North America and 20% of the natural gas consumed in the U.S. The company also distributes gas to 7 million consumers.
ENBRIDGE INC. $72 is a buy. The company (Toronto symbol ENB; Income-Growth Payer Portfolio, Utilities sector; Shares outstanding: 2.2 billion; Market cap: $150.4 billion; Dividend yield: 5.4%; Dividend Sustainability Rating: Highest; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S. Its network transports 30% of the crude oil produced in North America and 20% of the natural gas consumed in the U.S. The company also distributes gas to 7 million consumers.
Dividends can contribute up to a third of your long-term investment returns. Here are 5 Canadian dividend stocks we recommend holding.
ENBRIDGE INC. $63 (www.enbridge.com) is a buy. The pipeline giant plans to spend $29 billion between 2025 and 2029 on new projects and upgrades. The new assets should lift Enbridge’s distributable cash flow (DCF) by 5% annually after 2026, compared to 3% annual growth between 2023 and 2026....
SOUTH BOW CORP., $32.31, Toronto symbol SOBO, is a hold.
On October 1, 2024, TC Energy Corp. (Toronto symbol TRP) completed the spinoff of its oil pipeline business as separate company South Bow. Investors received 0.2 of a South Bow share for every TC share they held....
On October 1, 2024, TC Energy Corp. (Toronto symbol TRP) completed the spinoff of its oil pipeline business as separate company South Bow. Investors received 0.2 of a South Bow share for every TC share they held....
Utility stocks like Fortis (see page 31) remain solid choices for investors looking to lower tariff-related risk.
Here are three more utilities that we feel are excellent choices for most portfolios. All of them are expanding their rate-regulated businesses, which will help them profit from increasing demand for electricity to power EVs and AI datacentres....
Here are three more utilities that we feel are excellent choices for most portfolios. All of them are expanding their rate-regulated businesses, which will help them profit from increasing demand for electricity to power EVs and AI datacentres....
We’ve long recommended electrical power utility Fortis as a pick for steady growth and reliable income. The stock is even more attractive right now in light of the escalating trade war with the U.S.
While new tariffs on steel and aluminum could increase the costs of Fortis’s projects in both Canada and the U.S., its utilities sell little of their power outside of their local markets....
While new tariffs on steel and aluminum could increase the costs of Fortis’s projects in both Canada and the U.S., its utilities sell little of their power outside of their local markets....
Utility stocks like Fortis continue to offer investors a strong combination of steady growth and rising dividends. That’s because regulators help ensure utilities have sufficient cash flows to fund new projects and service their debt loads. Demand for new power sources is also rising as big technology companies, for example, build datacentres to handle energy-intensive artificial intelligence programs.
FORTIS INC....
FORTIS INC....
FORTIS INC. $61 is a buy. The company (Toronto symbol FTS; Conservative & Income Portfolios, Utilities sector; Shares outstanding: 495.2 million; Market cap: $30.2 billion; Price-to-sales ratio: 2.7; Dividend yield: 4.0%; TSINetwork Rating: Above Average; www.fortisinc.com) is the main supplier of electrical power in Newfoundland and PEI....
Dividend-paying companies have done well over the longer term, although the recent performance of this group lagged the main market indexes. That’s because higher interest rates on fixed-income investments made their dividends less attractive to income investors....