Core Thesis - Fortis Inc. is viewed positively due to its stable returns, predictable dividends, and disciplined growth strategy, with a current share price of $51.70 and P/E ratios of 21.69 (trailing) and 20.28 (forward) [1][2] Financial Performance - In Q3 2025, Fortis reported adjusted EPS of $0.87, slightly up from $0.85 in the previous year, attributed to rate base growth and regulatory adjustments at Central Hudson [2] - The company's 5-year capital plan increased by 11% to $28.8 billion, focusing on regulated assets, particularly in U.S. transmission utility ITC [2] Dividend and Capital Structure - Fortis increased its quarterly dividend by 4.1%, achieving 52 consecutive years of dividend growth, solidifying its status as a dividend king [3] - The capital structure remains robust, with no new equity needed and stable leverage, allowing the company to fully fund its growth plan while maintaining flexibility through DRIP and ATM programs [3] Market Position and Outlook - The combination of predictable rate base growth, disciplined capital deployment, and potential demand from AI-driven electricity consumption positions Fortis for continued stability and compounding returns [4] - The stock currently yields 3.56%, slightly below its 5-year average of 3.81%, and is considered a long-term hold for reliable income with limited downside [4] Investment Appeal - Fortis exemplifies the value of regulated cash flows, providing steady results in a volatile market, making it a core holding for income-oriented investors [5] - Additional buying may be considered if valuations become more attractive, reflecting a disciplined investment approach [5]

Core Insights - Lincoln Electric Holdings declared a quarterly dividend of $0.79 per share, representing a 5.3% increase [1] - This increase marks the company's 30th consecutive year of dividend growth [1]

Core Insights - The Schwab U.S. Dividend Equity ETF and SPDR S&P Dividend ETF are positioned to provide growing yields, especially as the Federal Reserve is expected to cut interest rates, making high-yield investments scarcer [1][2] Group 1: Schwab U.S. Dividend Equity ETF - Launched in October 2011, the Schwab U.S. Dividend Equity ETF (SCHD) tracks the Dow Jones U.S. Dividend 100 Index, focusing on companies that have increased dividends for at least 10 consecutive years [4] - The fund emphasizes consistent dividend growth and strong fundamentals, using metrics like cash-flow-to-debt ratio and return on equity, and it removes any stock that cancels its dividend [5] - The ETF has a current yield of 3.8%, significantly higher than the average S&P 500 company, and has returned an average of 12.17% per year since inception [7][8] Group 2: SPDR S&P Dividend ETF - The SPDR S&P Dividend ETF (SDY) aims to track the S&P High Yield Dividend Aristocrats® Index, selecting stocks that have raised dividends for at least 20 consecutive years [9] - Since its inception in November 2005, the fund has achieved an average annual return of 8.65%, with a current yield of 2.6%, which is more than double that of the average S&P 500 company [11][14] - The fund's top holdings include Verizon, Chevron, and Target, which raised their dividends by 1.88%, 5%, and 1.8% respectively in 2025 [11] Group 3: Comparative Analysis - The SPDR S&P Dividend ETF is more diversified with 152 holdings and includes exposure to REITs, which benefit from falling interest rates [13][15] - The Schwab U.S. Dividend Equity ETF has a lower expense ratio of 0.06% compared to the SPDR S&P Dividend ETF's 0.35%, making it potentially more attractive for short-to-medium term investors [8][14][16] - Both funds offer above-average yields that could grow significantly, appealing to investors navigating a low-rate environment [16]

Core Insights - The article emphasizes the importance of in-depth research in various investment vehicles such as REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, highlighting the value of a free trial for potential investors [1]. Group 1 - The concept of a generation is defined as approximately 20 to 30 years, which is the typical duration for children to grow up and have their own offspring [1]. Group 2 - Leo Nelissen is identified as an analyst specializing in economic developments related to supply chains, infrastructure, and commodities, contributing to actionable investment ideas with a focus on dividend growth opportunities [2].

Core Insights - The article emphasizes the importance of three key investment factors: Quality, Yield, and Growth, particularly focusing on dividend growth as a strategy for generating passive income [1]. Group 1: Investment Strategy - The investment approach centers around high-quality dividend growth stocks aimed at creating a sustainable and growing passive income stream [1]. - The ideal holding period for investments is described as "lifelong," indicating a long-term focus on portfolio income growth rather than short-term total returns [1]. Group 2: Analyst Background - Austin Rogers is identified as a REIT specialist with a professional background in commercial real estate, contributing to the High Yield Landlord investing group [1]. - High Yield Landlord is noted as one of the largest real estate investment communities on Seeking Alpha, providing exclusive research and resources for its members [1].

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .I like to joke around a lot. But not when it comes to important subjects that impact both our lives and our wealth. For example, last year, I went with "Buckle Up, Buttercup" in the title of anLeo Nelissen is an analyst focusing on major economic developments related to supply c ...

Core Viewpoint - The company aims for annual dividend per share growth of 7% or more over the next two years and plans to initiate an annual share buyback program starting in 2026 [1] Group 1 - The company targets a 7% or more increase in annual dividend per share over the next two years [1] - An annual share buyback program is set to commence in 2026 [1]

Group 1 - The article discusses the lack of recent focus on Charlie Munger, indicating a shift in investment strategies towards other areas [1] - Leo Nelissen is highlighted as an analyst specializing in economic developments related to supply chains, infrastructure, and commodities, aiming to provide insightful analysis and actionable investment ideas [1] Group 2 - The article includes a disclosure regarding beneficial long positions in shares of TPL, LB, and CME, emphasizing the author's independent opinions and lack of compensation from mentioned companies [2] - It is noted that past performance does not guarantee future results, and no specific investment recommendations are provided [3]

Core Insights - The article discusses the increasing popularity of option ETFs while highlighting that such funds have existed for a long time, exemplified by the Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) [1] Group 1: Investment Strategies - The company emphasizes the importance of a solid base of classic dividend growth stocks, complemented by Business Development Companies, REITs, and Closed End Funds to enhance investment income [1] - A hybrid investment system that balances growth and income is presented as an effective strategy to achieve total returns comparable to traditional index funds like the S&P [1]

Core Viewpoint - Enbridge is recognized as a high-quality income stock, having announced a 3% increase in its dividend, marking 31 consecutive years of dividend growth [1][11]. Financial Performance - The company has raised its quarterly dividend payment to CA$0.97 (approximately $0.70), translating to an annual dividend of CA$3.88 ($2.78) [3]. - Enbridge expects to generate distributable cash flow between CA$5.70 and CA$6.10 per share ($4.09-$4.37), reflecting a 3.5% increase from the previous year's guidance [4]. Dividend Sustainability - The anticipated dividend payout ratio is projected to be between 64% and 68%, comfortably within the company's target range of 60%-70% [4]. - Enbridge aims to grow its distributable cash flow per share at a compound annual rate of approximately 3% from 2023 to 2026 [4]. Growth Initiatives - The company plans to invest CA$8 billion ($5.7 billion) in growth capital projects in the upcoming year, including significant projects in its gas transmission segment [6]. - Enbridge is set to deploy about CA$10 billion ($7.2 billion) into growth capital projects next year, fully funded by its post-dividend free cash flow [7]. Long-term Outlook - Enbridge has secured CA$37 billion ($26.5 billion) in growth capital projects with in-service dates extending through 2033, providing strong visibility into its long-term growth [8]. - The company anticipates an acceleration in its distributable cash flow growth rate to around 5% annually after 2026, driven by heavy investments and project completions [9]. Investment Proposition - Enbridge's robust financial profile and growth visibility position it well for continued dividend increases, with expectations of low-to-mid single-digit annual increases in the coming years [10].