
TSE:FTS
A utility with operations across Canada. Natural gas in BC and electrical in other provinces. Expanded into the US couple of years ago. They’ve been trying to purchase ITC Holdings in the US which has electrical transmission lines. This company has an outstanding record of paying and growing their dividends.
A good way for investors to get pretty stable dividends into their portfolio. It is going to be a defensive name, which is something you probably want to own in this market, given the volatility. They are making a US acquisition which will effectively increase the growth in the rate base from 5% to 7.5% in 2020. Dividend yield of 3.71%.
We operate in a world where interest rates are at thousand-year lows. There are a lot of investors who are looking for some kind of security in return, and this company has had a great history of raising its dividend and regularly. A lot of people are buying utility companies for yields. This company is a great way to do that. You could also look at Emera (EMA-T).
(Market Call Minute.) This company has raised its dividend every year for 52 years. They made a great big acquisition in the US that looks good. You have to like this in the utility space.