These Fundamentals Make Fortis Inc. (TSE:FTS) Truly Worth Looking At

Fortis Inc. (TSE:FTS) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of FTS, it is a dependable dividend payer with a strong track record of delivering benchmark-beating performance. Below, I've touched on some key aspects you should know on a high level. For those interested in digging a bit deeper into my commentary, take a look at the report on Fortis here.

Established dividend payer with proven track record

In the previous year, FTS has ramped up its bottom line by 61%, with its latest earnings level surpassing its average level over the last five years. Not only did FTS outperformed its past performance, its growth also exceeded the Electric Utilities industry expansion, which generated a 5.5% earnings growth. This is an notable feat for the company.

TSX:FTS Income Statement, October 8th 2019

Income investors would also be happy to know that FTS is a great dividend company, with a current yield standing at 3.4%. FTS has also been regularly increasing its dividend payments to shareholders over the past decade.

TSX:FTS Historical Dividend Yield, October 8th 2019

Next Steps:

For Fortis, I've put together three essential aspects you should look at:

1. Future Outlook: What are well-informed industry analysts predicting for FTS’s future growth? Take a look at our free research report of analyst consensus for FTS’s outlook.

2. Financial Health: Are FTS’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.

3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of FTS? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.