Fortis suspends Lake Erie link

FORTIS INC. $58 is a buy. The company (Toronto symbol FTS; Conservative & Income Portfolios, Utilities sector; Shares outstanding: 478.7 million; Market cap: $27.7 billion; Price-to-sales ratio: 2.8; Dividend yield 3.7%; TSINetwork Rating: Above Average; www.fortisinc.com) is the main supplier of electrical power in Newfoundland and PEI. Fortis… Read More

Rate base supports higher dividend

FORTIS INC. $61 is a buy. The company (Toronto symbol FTS; Income-Growth Portfolio, Utilities sector; Shares outstanding: 477.1 million; Market cap: $29.1 billion; Dividend yield 3.5%; Dividend Sustainability Rating: Highest; www.fortisinc.com) is the main supplier of electrical power in Newfoundland and PEI. Fortis also owns electrical and gas utilities… Read More

Fortis helps stabilize your portfolio

Fears of rising inflation and a possible recession continue to hurt stock markets. Despite the current uncertainty, we feel high-quality stocks like Fortis will continue to spur your returns.
The company gets most of its revenue from its regulated power and gas businesses, which gives it… Read More

Cut your volatility with these ETFs

Some investors look to reduce volatility in their portfolios for a number of reasons. One is that they can’t sleep at night because they’re nervous about the market outlook. In that case, low-volatilty funds may cut your your losses or even leave you with gains… Read More

Utilities offer you income and growth

Utilities could suffer more than other sectors as interest rates further rise. That’s because they have a lot of debt, and higher rates make it more expensive to raise money and refinance existing debt. As well, their shares, which typically offer high yields, compete with… Read More

Three solid picks for income seekers

The Bank of Canada recently raised its benchmark interest rate, from 0.5% to 1.0%, in response to rising inflation. It also signalled more hikes are likely in the coming months.
Generally, rising interest rates are bad news for high-yielding utility stocks, such as the three we… Read More

Dividend Advisor Hotline – Friday, May 6, 2022

BCE INC., $69.50, Toronto symbol BCE, is a buy.

The company is Canada’s largest traditional telephone service provider: it has 2.26 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. BCE also has 3.95 million high-speed Internet users and 2.74 million TV subscribers (satellite… Read More