The Globe and Mail reports in its Wednesday edition that analysts expect decent returns from Genworth MI Canada ($22.63) over the next year. The Globe's Jennifer Dowty writes that Genworth is the largest private residential mortgage insurer in Canada. The stock price has been drifting lower, making its 12-month target price of $32.19 appear attractive. However, Ms. Dowty argues that it is perhaps artificially compelling, given Genworth's big exposure to the Albertan economy. As of June 30, 2015, management estimated that 20 per cent of its outstanding mortgages were from Alberta. The province's economy has been hit hard by the commodities rout. In terms of new insurance written, in the third quarter, 21 per cent stemmed from Alberta, down from 27 per cent in 2014. Genworth pays a quarterly dividend of 42 cents a share, or $1.68 a year, which is an annualized yield of more than 7 per cent. Ms. Dowty says while the dividend is attractive and sustainable, she prefers to recommend stocks with strong and improving fundamentals. For investors seeking a relatively defensive dividend stock, Ms. Dowty recommends looking at Fortis ($38.45). Analysts on average target Fortis at $43.50.