2 Top Dividend Picks for RRSP Investors | The Motley Fool Canada: " Fortis Inc. (TSX:FTS).operates electricity generation and natural gas distribution assets in Canada, the Caribbean, and the United States.
The company recently locked in some nice profits on the sale of non-core property assets, and the company now derives nearly all of its revenue from regulated operations.
That is good for investors because it means cash flow and earnings are reasonably predictable.
Fortis completed a $4 billion acquisition in the U.S. last year and recently finished an expansion of its hydroelectric project in British Columbia. These assets are contributing nicely to earnings, and Fortis just bumped up its dividend by 10% as a result.
Fortis pays a quarterly dividend of $0.375 per share that yields 4%. The company has increased the payout every year for more than four decades."
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