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Markets up on FridayMarkets DownUnveiling the Best Canadian Dividend Stocks: Meet the TSX Dividend Kings!This summary was created by AI, based on 24 opinions in the last 12 months.
Based on the reviews, it can be summarized that Fortis Inc. (symbol FTS-T) is a stable utility company with a strong history of dividend growth and a regulated, visible, and defensible cash flow. The company has a solid yield of 4-4.5% and plans to continue growing its dividend at a steady rate out to 2028. While the stock has been affected by rising interest rates, experts believe it presents a good buying opportunity in the utility sector.
It is down now because of interest rates. It is one to buy when rates move up. He owns it but it is a good time to trim and take some profits.
A core income stock. Highly defensible with strong cash flows. Half their business is in the US. A $25 billion capital spending plan allows them to raise the dividend 4-6% annually through 2028. Benefits from data centre builds. A long-term hold.
Take a look at ZWU, broadly diversified, higher yield than individual names. He'd much rather have exposure to that, better profile for income seekers.
Both TRP and FTS have rallied significantly, so it's not favourable from a risk/return standpoint. He buys into corrections and weakness instead.
He hears that more AI use needs more energy and therefore more energy from utilities, but heard this noise in 2020 that higher internet use would drive utility demand. He doesn't totally buy into that, but he likes Fortis' dividend in a market where interest rates continue to decline. Dividend stocks will continue to rally. Likes this long term.
It is not a steeply trending stock but is one of the best managed in Canada. He is buying for clients for a long term hold. The dividend and dividend growth are both in the 4 to 6% range over time.
For income seekers, retirees. Very defensive. Trades 19x PE usually, but is now 16x. Have a diverse business in Canada. Not a screaming grower like all utilities, but offers reasonable growth, more than other utilities, and it pays a 4.5% dividend.
(Analysts’ price target is $57.15)She's buying here. You always want to allocate some part of your portfolio to a defensive stock like this. Not the highest yield, but attractive, under 4%; increases it annually by about 5%. Longer term, has outperformed TSX. Holding for any AI play is way down the road.
It is the second largest diversified utility in Canada and is better than other utilities. Since it is a bit cheaper it is OK to buy now. She likes the diversification.
Transmission and distribution of electricity. About 99% of cashflows are regulated, which makes it steady-eddy, boring, and that's why he likes it. Over 50 years of dividend increases. Regionally diversified. Solid dividend.
Utility names have all gone down aggressively, it's the interest-rate sensitivity of it all. One of his go-to names. All are very undervalued, but strong dividend yields, so attractive for people looking for income.
Likes the global growth profile of BIP.UN and the NA one of FTS.
Unfortunately, these stocks aren't working yet; they're later-stage stocks in terms of AI and EVs, which will demand a lot more power that clean energy can supply. It's a little early for names like FTS, but they will benefit. Interest rates remain high which hurts these stocks. So, be patient and collect the 4.5% dividend which they have grown the past 5 years.
ZWU's covered call will pay a higher dividend, though FTS' is solid and growing. ZWU pays more income because you're selling calls. The downside is that as interest rates decline, utilities will improve and you will lose that upside if you hold ZWU and not a plain ETF or Fortis itself. If you are positive utilities, don't use a covered call ETF.
Core holding. Should benefit if rates start coming down. Electricity and gas distribution and transmission, not generation. As we consume more electricity via EVs and power to data centres, will benefit utilities. Cashflows are regulated, visible, highly defensible. Yield of 4.4%, increased regularly with plans to continue in 4-6% range out to 2028.
Has raised its dividend for 50-straight years. A steady, consistent dividend-grower that they plan to grow 4-6% annually through 2028. That's an 8-10% total return. FTS hasn't done much in recent years given interest rates rising, but when they fall, FTS will benefit.
Fortis Inc. is a Canadian stock, trading under the symbol FTS-T on the Toronto Stock Exchange (FTS-CT). It is usually referred to as TSX:FTS or FTS-T
In the last year, 24 stock analysts published opinions about FTS-T. 19 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Fortis Inc..
Fortis Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Fortis Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
24 stock analysts on Stockchase covered Fortis Inc. In the last year. It is a trending stock that is worth watching.
On 2024-10-21, Fortis Inc. (FTS-T) stock closed at a price of $62.03.
Mostly electricity distribution. Successful cashflow generation. Core income name. Utilities in US are a big part of its profile. Data centre demand is a growth opportunity, but will take many years. Yield is 3.5%, dividend increases every year.
(Analysts’ price target is $59.96)