Fortis Inc T.FTS.PR.I

Teal Linde - BNN comment

[Possibleidiot01]

COMMENT

Fortis Inc.(FTS-T)

04/11/2024

 

Benefits from recent interest rate cuts, but note that long-term rates are actually rising and this will limit dividend stocks like this. Why? Concerns of inflation returning, or signs of a strong economy coming, but also there could be a debt-maturing wall coming. There's $300 trillion of debt around the world. Fortis pays a 4% dividend, but doesn't grow much. So, considering interest rates ahead, he may exit this at the end of 2025.

electrical utilities

 

N/A

Owned

[sumpineh]

He says " it doesn't grow much" the day before the earnings release and they announce a 4.2% dividend increase. It's like 30+ years of increases. A real steady eddie in my books. A sleep at night stock.He has never impressed me on BNN.