Topic: How To Invest

The Successful Investor Hotline – Friday, October 1, 2021

Article Excerpt

FORTIS INC., $55.93, Toronto symbol FTS, is your #1 Income buy for 2021. 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 is your #1 Income Buy for 2021. Fortis recent coverage: September 2021 issue Hotline for July 30, 2021 OVINTIV INC., $41.80, Toronto symbol OVV, is still a buy for long-term gains. In 2020, Ovintiv became a U.S. company and changed its name from Encana Corp. (old…