1 Future Canadian Dividend King to Buy Now
Fortis (TSX:FTS)(NYSE:FTS) is a St. John’s, Nfld.-based utility holding company that is on track to become the first dividend king on the TSX. Shares of this dividend stock have climbed 7.5% in 2021 as of close on November 24. The stock is up 6.4% from the prior year.
Meanwhile, adjusted earnings in the first nine months of 2021 rose to $919 million or $1.96 per share compared to $875 million or $1.88 per share in the year-to-date period in 2020.
This year, Fortis announced a quarterly dividend of $0.535 per share. That represents a 3.8% yield. The company has delivered 47 consecutive years of dividend growth. If all goes as planned, Fortis will snag its dividend crown by the middle of this decade.