Fortis Gains 30.46% One-Year While Yielding 4.34% Dividend
Fortis operates across five Canadian provinces, ten U.S. states and the Caribbean with $75 billion in assets and a low beta of 0.443. The utility has delivered a 30.46% one-year gain, 10.94% year-to-date, and sustained 50+ years of dividend hikes, currently yielding 4.34%.
1. Operations and Asset Base
Fortis is a Canadian regulated utility with operations spanning five provinces, 10 U.S. states and the Caribbean, managing $75 billion in total assets and maintaining a low beta of 0.443, positioning it as a defensive play in volatile markets.
2. Market Performance and Dividend Record
The stock has climbed 30.46% over the past year and 10.94% year-to-date, delivering consistent performance when broader markets declined. Its dividend streak exceeds 50 years of annual increases, with the most recent quarterly payout of $0.469 per share (ex-dividend February 17, 2026) and a 4.34% yield.