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How Investors May Respond To Fortis (TSX:FTS) Emphasizing Dividend Streak And CA$28.8B Regulated Expansion Plan

Simply Wall St · 2d ago
  • Fortis recently highlighted its 52-year track record of annual dividend increases and a CA$28.80 billion plan to modernize and expand its regulated utility infrastructure, reinforcing the stability of its cash flows and income profile for investors as of today, 8 January 2026.
  • This combination of long-term dividend growth and large-scale regulated investment is drawing increased attention from income-focused investors who prioritize reliability over rapid capital appreciation.
  • Now we’ll examine how Fortis’ decades-long dividend growth record could influence its existing investment narrative built around regulated expansion.

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Fortis Investment Narrative Recap

To own Fortis, you need to believe in the appeal of a regulated utility that prioritizes predictable cash flows and a steadily rising income stream over fast growth. The latest confirmation of its 52-year dividend increase streak and CA$28.80 billion capital plan does not materially change the near term picture, where the key catalyst remains execution of its regulated investment program and the biggest risk is ongoing sensitivity to interest costs and regulatory outcomes.

The most relevant recent announcement here is Fortis’ reaffirmation of its dividend policy, with guidance for continued annual increases backed by its regulated growth strategy. This sits alongside the current capital plan, which aims to expand and modernize its utility networks, and keeps the focus on how effectively Fortis can turn approved infrastructure spending into earnings while managing leverage, rate approvals and evolving energy policy in its core jurisdictions.

Yet even with this long dividend track record, investors should be aware of the pressure that sustained capital spending and higher interest costs could place on...

Read the full narrative on Fortis (it's free!)

Fortis' narrative projects CA$13.8 billion revenue and CA$2.1 billion earnings by 2028.

Uncover how Fortis' forecasts yield a CA$73.77 fair value, a 4% upside to its current price.

Exploring Other Perspectives

TSX:FTS 1-Year Stock Price Chart
TSX:FTS 1-Year Stock Price Chart

Three Simply Wall St Community fair value estimates for Fortis span from about CA$73.77 up to CA$153.09, underscoring how far apart individual views can be. Against that backdrop, concerns about rising debt costs and regulatory lag give you important context to weigh these very different opinions on the company’s future performance.

Explore 3 other fair value estimates on Fortis - why the stock might be worth just CA$73.77!

Build Your Own Fortis Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.