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Wed, December 11, 2024

1 Canadian Utility Stock to Buy for Big Total Returns


Published on 2024-12-11 12:21:39 - The Motley Fool Canada
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  • Let's dive into why Fortis (TSX:FTS) remains a top utility stock long-term investors may want to consider right now.

The article from Fool.ca, published on December 11, 2024, discusses the investment potential of Canadian utility stocks, focusing on Fortis Inc. (TSX:FTS) as a prime candidate for investors seeking both income and growth. Fortis, known for its stable earnings and consistent dividend growth, is highlighted for its diversified operations across North America and the Caribbean, which reduces risk. The company has a robust capital plan aimed at expanding its rate base, promising future growth. With a current yield of around 4.3% and a history of increasing dividends for over 50 years, Fortis is positioned as an attractive option for those looking for reliable total returns through both capital appreciation and dividend income. The article suggests that despite the sector's reputation for slow growth, Fortis's strategic initiatives and financial stability make it a compelling choice for long-term investment.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/11/1-canadian-utility-stock-to-buy-for-big-total-returns/ ]
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