Rboptions erfahrungen

Despite being based in Canada, Fortis also has utility-related assets in the USA e. New York and in the Caribbeans e. FTS is a Canadian corporation and therefore pays its quarterly dividends in Canadian dollars. All the following figures are thus in Canadian dollars. The dividends are generally declared in December, March, May, and September, and are generally paid in March, June, September, and December.

With the most recent increase, FTS has increased its quarterly dividend for 41 consecutive years, making FTS a dividend champion more than 24 years of consecutive dividend increases. The evolution of the annualized dividend and of its growth over the last ten years is presented rboptions the graph below.

Between andFTS increased its dividend at a relatively erfahrungen pace for a utility. In my view, single-digit dividend growth rate is what should generally be expected from a utility.

Understandably, answering no to either one of these questions should mark the stock under consideration as being unsuitable for dividend investment purpose. To determine the safety of the erfahrungen, I check the historical levels, the current level and the evolution of the payout ratio with respect to the erfahrungen and, when relevant, erfahrungen respect to the free cash flow.

Over the last 10 years, the earnings have rboptions generally growing, which is good. Notably, even during the last recession, there was no significant drop in earnings. This shows that utilities are generally recession-proof.

In the end, you still have to cook and heat your house even if the economy is bad. Still, over the last 10 years, we can see that the dividend erfahrungen been growing faster than the earnings. This is clearly visible from the rising payout ratio. As we have seen, the earnings of a utility are pretty safe. Nevertheless, Erfahrungen will likely keep future dividend increases erfahrungen the low side to maintain and possibly decrease the payout ratio.

Overall, I think the current dividend is safe. The earning payout ratio is high but sustainable for a utility FTS has the longest streak of consecutive dividend increases rboptions a Canadian rboptions. That along speaks for itself. Over the past decades, FTS has shown again and again rboptions willingness to increase its dividend. In that sense, FTS has been active of the acquisition front.

These recent acquisitions will likely contribute to FTS earnings and dividend growth. However, as we have seen, the current payout ratio is a bit high. This will likely force FTS to grow its dividend at a slower pace, at least in the next few years.

To calculate a range of erfahrungen values, I calculate how much one share will return in cumulative dividends over the rboptions 20 years, according to different scenarios, and adjusted for inflation. Hence, such erfahrungen rate is likely sustainable in the erfahrungen future. With the estimated cash return, I calculate how rboptions cumulative erfahrungen a fixed investment in the stock under consideration will return rboptions a period of years.

Estimated cash return values allow to compare dividend stocks with different yields and different growth rates. However, if Rboptions can maintain rboptions average dividend growth rate somewhere between the pessimistic DGR i. So, in my view, FTS is more or less equivalent to the rboptions stock, at least with respect to the cash return. The only differences are its slightly higher yield and lower growth.

At 41 years, FTS has the longest streak of consecutive dividend increases in Canada.