U.S. push helps spur Fortis dividend


FORTIS INC. $47 (Toronto symbol FTS; Income-Growth Portfolio, Utilities sector; Shares outstanding: 426.6 million; Market cap: $20.1 billion; Dividend yield 3.8%; Dividend Sustainability Rating: Highest; www.fortisinc.com) began supplying electricity to St. John’s,… Read More

Expect dividend increases from these four

Rising interest rates generally reduce the appeal of income stocks, including utilities. However, recent acquisitions by these four industry leaders—and their new projects—set them up for years of higher dividends.
CANADIAN UTILITIES LTD. (Toronto symbols CU [class A non-voting] $31 and CU.X [class B voting] $31; Income Portfolio, Utilities sector;… Read More

Fortis takes a break from acquisitions

FORTIS INC. $41 (Toronto symbol FTS; Conservative & Income Portfolios, Utilities sector; Shares outstanding: 424.8 million; Market cap: $17.4 billion; Price-to-sales ratio: 2.2; Dividend yield 4.1%; TSINetwork Rating: Average; www.fortisinc.com) owns electrical utilities across Canada, the U.S. and the Caribbean. It also distributes natural gas in British… Read More