12:33:05 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Fortis Inc
Symbol FTS
Shares Issued 278,621,784
Close 2015-07-10 C$ 36.28
Market Cap C$ 10,108,398,324
Recent Sedar Documents

Globe says Fortis, others seen as good, safe bets

2015-07-13 07:27 ET - In the News

Also In the News (C-BCE) BCE Inc (2)
Also In the News (C-RY) Royal Bank of Canada
Also In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail reports in its Monday edition investors can best cope with market turmoil by holding onto high-quality dividend-paying stocks. The Globe's Jeffrey Jones quotes Leon Frazer & Associates' president Dona Eull-Schultz as saying despite the turmoil, payouts among established operators of necessary infrastructure and services remain relatively predictable. They include utilities, pipelines, railways and Canada's banks. When fielding calls from nervous clients, Ms. Eull-Schultz likes to remind them about the energy, phone and other services they use each day regardless of market gyrations. At the heart of the firm's philosophy is increasing clients' income to stay above inflation through investments in companies with staying power. Case in point: Fortis. With 3.1 million gas and power customers, Fortis has boosted its dividend by 5 per cent annually over the past five years, generating a 3.5-per-cent yield. BCE, the country's largest telco, and Canadian banks, including TD and Royal Bank of Canada, are all good bets. Canadian banks showed their mettle during the financial crisis, having maintained their dividends when financial institutions in other countries faltered.

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