fortis
Toronto symbol FTS, distributes electricity to customers in Newfoundland, Prince Edward Island, Ontario, Alberta and British Columbia. The company also owns power utilities in the United States and the Caribbean, plus hotels and commercial real estate, mainly in Atlantic Canada.
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....
The Bank of Canada and other central banks are now cutting their benchmark lending rates as inflation returns to pre-pandemic levels.
That’s good news for utility stocks like Fortis, which carry large debt loads to finance investments in new power plants and other projects....
That’s good news for utility stocks like Fortis, which carry large debt loads to finance investments in new power plants and other projects....
CANADIAN TIRE CORP., $152.95, Toronto symbol CTC.A, is a top pick for 2024.
The company operates 502 Canadian Tire stores, which sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....
The company operates 502 Canadian Tire stores, which sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....