12:00:52 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Fortis Inc
Symbol FTS
Shares Issued 274,565,587
Close 2014-12-02 C$ 40.18
Market Cap C$ 11,032,045,286
Recent Sedar Documents

Globe says BCE, others show strong results

2014-12-03 08:19 ET - In the News

See In the News (C-BCE) BCE Inc (2)

The Globe and Mail reports in its Wednesday edition that since Sept. 13, 2012, all 11 stocks in a dividend-yielding portfolio have raised their dividends multiple times. The Globe's John Heinzl writes seven have done so twice (BCE, Canadian Utilities, Enbridge, Fortis, Coca-Cola, Procter & Gamble, TransCanada), one three times (McDonald's), two four times (Bank of Montreal, Royal Bank) and one five times (Telus). The sole exchange-traded fund's general direction has been up. The portfolio is now churning out about 25 per cent more cash than it was at inception. The portfolio's income has also been boosted by dividend reinvestment and by a tumbling loonie, which makes dividends from U.S. stocks worth more when converted to Canadian dollars. The share price gains have also been significant, with all but one of the 12 securities now trading at prices sharply higher than at the beginning. Putting dividends and share price gains together, the portfolio has produced a total return of 40.3 per cent and is worth $70,151, up from an initial value of $50,000. That compares with a total return of about 26 per cent for the S&P/TSX composite index over the same period. The portfolio is energy-company-free.

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