Topic: How To Invest

What is Pat’s commentary for the week of December 1, 2020

Article Excerpt

Fortis Inc. is a long-term favourite of ours for both growth and income. It now yields 3.9%. The company gets most of its revenue from regulated electrical and gas operations in North America, which gives it steady cash flow for its dividend. In fact, it now plans to raise its annual dividend rate by 6% each year through 2025. That’s more attractive than ever in today’s time of low-to-negligible interest rates, which could last indefinitely. In addition, Fortis stands to gain from the rising premium that investors are willing to pay for “green energy” stocks. Most of its power plants use rivers and waterfalls to generate electricity. I asked our Successful Investor research department to draw up this Inner Circle Spotlight report on the stock. It explains why we think Fortis remains a high-quality buy for growth, but also for reliable dividend income. We hope you enjoy and profit from it. FORTIS INC., $52.07, symbol FTS on Toronto (Shares outstanding: 465.0…

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