Fortis Inc. Stock News

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement  dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022.

Fortis Inc. delivered solid Q2-2024 results, with adjusted earnings up 8% year over year, beating consensus estimates again. Despite the positive performance, Fortis' stock is expensive at 18.5X earnings, making it vulnerable to interest rate hikes and equity valuation normalization. Preferred shares offer attractive yields and are more appealing than common shares.

ST. JOHN'S, Newfoundland and Labrador, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced today that its wholly owned subsidiary Fortis Energy Caribbean Inc. ("FECI") has agreed to provide a standby commitment (the "Standby Commitment") for a rights offering (the "Rights Offering") by Caribbean Utilities Company, Ltd. ("CUC") (TSX: CUP.U). P...

"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” - suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sectors. Broker-targeted top 10 net gains ranged around 11.59%-35.94%, topped by Emerson and Stephan. By yield, Altria tops all. Top 10 September dogs: HRL, KVUE, FRT, FTS, UBSI, BKH, NWN, CDUAF, UVV, ...

ST. JOHN'S, Newfoundland and Labrador, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Not for distribution to U.S. news wire services or dissemination in the United States.

Utilities let you experience AI-driven growth with steady dividends. This is a recession-resistant sector with steady demand irrespective of market conditions. +7% yield from two time-tested picks, set to soar with interest rate cuts.

Not for distribution to U.S. news wire services or dissemination in the United States. This news release constitutes a “designated news release” for the purposes of the Corporation's prospectus supplement dated September 19, 2023 to its short form base shelf prospectus dated November 21, 2022.

24/7 Wall St. Insights The bond market has seen Treasury bond yields plunge over the summer.