Bullboard - Stock Discussion Forum Fortis Inc T.FTS

Alternate Symbol(s): FTS | T.FTS.PR.F | FORFF | T.FTS.PR.G | FTRSF | T.FTS.PR.H | FRTSF | T.FTS.PR.J | T.FTS.PR.I | T.FTS.PR.K | T.FTS.PR.M | FTPSF

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utility businesses include ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains... see more

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TSX:FTS - Post Discussion

Fortis Inc > giant sucking sound . . .

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Post by Indicator on Sep 17, 2022 9:18pm

giant sucking sound . . .

. . . as money leaves divy stocks and heads into GICs.

Even with the preferred divvy tax treatment it's hard to get excited about 3.66% with a captial risk divvy when you can get 4.50% on a guaranteed 1 year GIC

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Comment by junglejames on Sep 18, 2022 10:40am

it really depends on your investment horizon. We've held FTS in our RRSPs for 12+ years. During that time the value of the shares has more than doubled and the dividend will have doubled with this year's expected increase payable Dec 1. Our 'reserve' is in laddered GICs and the rising rates are great. And with the pending conversion to a RRIF ...more

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