Topic: How To Invest

Dividend Advisor Hotline – Friday, October 8, 2021

Article Excerpt

FORTIS INC., $55.76, Toronto symbol FTS, is a buy. The company is the main supplier of electrical power in Newfoundland and PEI. Fortis also owns electrical utilities across Canada, the U.S. and the Caribbean. In addition, the company distributes natural gas in British Columbia, Arizona and New York State. Fortis is now raising your quarterly dividend by 5.9%. Starting with the December 2021 payment, investors will receive $0.535 a share instead of $0.505. The new annual rate of $2.14 yields a solid 3.8%. With this increase, the company has now raised its dividend each year for the past 48 years. Moreover, it plans to increase the annual rate by about 6% each year through 2025. Fortis has raised its dividend by an average 6.0% annually in the past five years. Its TSI Dividend Sustainability Rating is Highest. Fortis recent coverage: Hotline for August 6, 2021 August 2021 issue PEPSICO INC., $156.03, Nasdaq symbol PEP, is still a hold. The company is the world’s second-largest soft-drink maker after…