When we look at a company’s dividend, we often analyze how safe the dividend is and whether or not it will be cut. In fact, the company is only 3 years away from achieving Dividend King status, which in the United States is 50 consecutive years of dividend growth.

$0.4775 per share on the Common Shares of the Corporation, payable on March 1, 2020 to the Shareholders of Record at the close of business on February 18, 2020.

Find the latest dividend history for Fortis Inc. Common Shares (FTS) at Nasdaq.com. (Offered to Registered Shareholders.) Overall, investors can be assured that Fortis’s rate base growth will translate into accretive shareholder returns for the foreseeable future. It plans to invest $19.6 billion across its electric and gas utility segments. Charts provided by StockRover. FTS's most recent quarterly dividend payment was made to shareholders of record on Tuesday, September 1. Fortis has a very safe business model, where 99% of its cash flows are regulated. You can see why Fortis should outperform the market if it falls by the end of 2020. Fortis is one of Canada’s best Dividend Aristocrat stocks. As the company sits right now, its payout ratio is 75% of earnings. All rights reserved.

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The boost was likely a result of the low interest rate environment we’ve quickly transitioned to due to COVID-19. If yes, you should consider Fortis (TSX:FTS)(NYSE:FTS) stock. Fortis is a top 15 utility company in North America and has operations in Canada, the United States, and the Caribbean. Fortis stock has a dividend yield close to 4% and further dividend growth is expected sooner or later. 2 Top TSX Stocks Popped Up to 10% Yesterday: More Upside Coming. In fact, your dividend payments would have completely covered the cost of your stock ($7.70/share if you bought in January 2000) in only 10 years. So if you’re tired of reading about other people getting rich in the stock market, this might be a good day for you.

Its capital plan is expected to be funded from internal cash from operations, debt at the subsidiary level, and equity from its corporate dividend-reinvestment plan. Fortis stock is a Canadian Dividend All-Star. The company’s increase of 5.8% nearly hits this mark in 2020, and I imagine they’ll make up the 0.2% somewhere down the line.

Instead, just grab this blue-chip dividend stock, throw it in your portfolio and let it collect income and consistent returns for you on auto pilot. Despite concerns that always arise from a leadership transition, Fortis’s five-year outlook looks attractive for the stock. Looking for some other expert stock picks? And as a result of it being one of the most stable companies in the country, you’re going to end up paying a premium.

Fortis is one of Canada’s best Dividend Aristocrat stocks. Fortis (TSX:FTS)(NYSE:FTS) may be one of Canada’s most beloved Dividend Aristocrat/rock star stocks. ), TSX Stocks Trading at a 20% Discount: Where to Invest $5,000 Today. So, what makes Fortis such a strong option as a dividend play?

Did I mention that Fortis just declared a 5.8% dividend increase for its fourth quarter 2020 dividend payment?

The company generates 99% of earnings through regulated utilities. Nonetheless, Fortis has accomplished over the years more than the typical utility.

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To qualify for a spot on the Dividend All-Star list, a company must increase its dividend payout for five consecutive years. Cannabis Investors: Should You Buy Cronos (TSX:CRON) Stock Right Now? The remaining 18% comes from the commercial sector. And before you think “woah, isn’t 99% of earnings from a single source a bad thing?” Well, not necessarily. It has raised its dividend 47 consecutive years in a row. A lot of investors look to Fortis for its dividend, and as a result the company keeps meticulous track of growth estimates and payout ratios. Lets have a look at Fortis’s dividend Fortis holds the second longest dividend growth streak in the country at 47 years. The investment plan is expected to increase the rate base from $28 billion in 2019 to $34.5 billion by 2022 and $38.4 billion in 2019 by 2024, which will translate into three- and five-year compound annual growth rates of 7.2% and 6.5%, respectively. Not only would you have a 587% capital gain, but you also would enjoy dividend payment growth of almost 300% in that period. This is your chance to get in early on what could prove to be very special investment advice. Check out Stockrover Here! On a price to sales basis, the company hasn’t been this expensive for a long time, save a brief moment in early 2020. In return, Fortis believes it can increase its rate base from $30.2 billion in 2020 to $36.4 billion in 2023 and $40.3 billion in 2025. Which leads us to valuation. The company currently has over 3.3 million electricity and gas customers and has over 16,000 miles of high-voltage transmission lines in operation south of the border. Connect with friends faster than ever with the new Facebook app. The Corporation has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes. If we’re looking for strong Canadian dividend stocks, there are a few industries that come to mind in Canada that provide enough of an economic moat to have consistent dividends and dividend growth. Because Motley Fool Canada is offering a full 65% off the list price of their top stock-picking service, plus a complete membership fee back guarantee on what you pay for the service. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada.

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