Reported 2 days ago
Fortis Inc. (NYSE:FTS) stands out as a prime investment for Canadian income investors due to its mix of regulated utility businesses that provide consistent cash flow, regardless of economic conditions. With 93% of its assets dedicated to energy transmission and distribution, Fortis continues to prioritize affordable energy and plans for a 4% to 6% annual dividend growth until 2029. The company, with a current quarterly dividend of C$0.615 per share, boasts a 51-year track record of increasing dividends and has set a capital plan of $26 billion aimed at raising its asset base significantly over the next five years.
Source: YAHOO