Reasons to Add Fortis (FTS) Stock to Your Portfolio Now

The Zacks Consensus Estimate for the company's sales for 2024 and 2025 reflects year-over-year growth of 0.4% and 0.6%, respectively. Fortis, which has a history of 50 years of consecutive dividend payment increase, has pledged to grow dividends annually in the range of 4-6%, on average, through 2028. The company has a dividend yield of 4.38%, much better than the industry's yield of 3.72%. Amid still high interest rates, the ability of a company to meet its interest obligation can be measured through its t ...