11:29:32 EDT Thu 19 Apr 2018
Enter Symbol
or Name

Fortis Inc
Symbol C : FTS
Shares Issued 191,566,347
Close 2013-01-25 C$ 34.38
Recent Sedar Documents

Inv Reporter says buy Fortis

2013-01-25 19:24 ET - In the News

The Investment Reporter, in its Jan. 18, 2013, issue, says buy Fortis Inc., recently $34.51. The Reporter said buy 25 times from Oct. 15, 1995, to July 20, 2012, at prices ranging from $22.89 to $70.68 (the stock split 4 for 1 on Oct. 12, 2005). Assuming an investment of $1,000 for each of the 25 buys, the $25,000 position would now be worth a pleasing $63,222. The Reporter advises Canadians to hold more high-quality, dividend-paying stocks instead of investing in bonds. Dividends often provide more cash than you can earn from the interest on bonds. Also, companies make a point of raising their dividends from time to time, which gives you a stream of cash that will let you keep up with inflation. Fortis has recently raised its dividend to $1.24 a share, slightly up from $1.20 a share. In addition, stocks should generate much higher returns than bonds over the long run, since today's low interest rates are no longer reliable for bond price increases. Sell bonds and buy stocks in a way that will keep your portfolio balanced.

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