In general, companies that build an investor base on the premise of delivering dividends on a regular basis will see their valuation increase generally in correlation to their rate of dividend increases over time (so as to maintain a relatively stable yield).
Through thick and thin, Fortis continues to chug along, providing long-term investors with a reason to stay invested and keep the company’s share price stable, even in periods of extreme economic instability. Fortis has forecast dividend increase in the mid to high single digits for the next few years, keeping pace with the company’s historical performance.
Fortis is a great, safe way to play the market and obtain income as well. I would recommend adding a position on any short-term weakness in Fortis’ stock price in the near term, or nibbling away at this one over the next while, as it has a long runway for long-term growth.