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Stock impact report

Why Fortis Could Be the Best Dividend Stock in the Market Right Now [Yahoo! Finance Canada]

Fortis Inc. Common Shares (FTS) 
Last fortis inc. common shares earnings: 2/13 06:00 am Check Earnings Report
Most readers who follow what I've written in the past know pretty clearly that Fortis TSX:FTS ) remains my top pick in the world of Canadian dividend stocks right now. I've had this view long before the AI hype train took off from the station. But it's also true that this period of market exuberance has certainly helped the likes of Fortis and other top utilities players in the market with multiple expansion and surging stock prices. The chart above tells a nice story on this front. That said, I'd like to dive into two key reasons why I think Fortis could be a great long-term holding, even if the whole AI story falls apart tomorrow. Let's dive in. Defensive business model is very valuable In this uncertain market environment, where economic data continues to come in weak from most developed economies around the world, few sectors feel like a safe place to invest in. And while there's certainly been some aforementioned multiple expansion with companies like Fortis that hav Show less Read more
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