These utilities tap into rising power demand

Demand for electrical power in Canada continues to rise due to several factors. Those include an expanding population and the shift to electric-powered cars. Moreover, the construction of new datacentres to handle power-intense artificial intelligence will also spur electricity demand.
A good way for investors to… Read More

Updating your Income-Growth Payers: Fortis

FORTIS INC. $54 is a buy. The company (Toronto symbol FTS; Income-Growth Portfolio, Utilities sector; Shares outstanding: 490.6 million; Market cap: $26.5 billion; Dividend yield: 4.4%; Dividend Sustainability Rating: Highest; www.fortisinc.com) began supplying electricity to St. John’s, Newfoundland, in 1885. It is now the main power utility in that… Read More

Their new assets will lead to higher dividends

These two utility firms continue to add regulated pipelines and power plants. Those new assets will give them more cash flow to keep raising their dividends.
ENBRIDGE INC. $45 is a buy. The company (Toronto symbol ENB; Income-Growth Payer Portfolio, Utilities sector; Shares o/s: 2.0 billion; Market cap:… Read More