Fortis is moving towards the lower end of its dividend growth range, which is not ideal for a utility company.
Source Post
I Ranked Canada's Dividend Darlings (You'll Hate My E Tier)
Sep 29, 2026
The creator ranks Canadian dividend growth stocks from S to E tier, covering Fortis, Tourmaline, Thomson Reuters, Metro, Canadian Natural, and CN Rail. The ranking considers dividend growth and total return, aiming for a mix of stock appreciation and dividends. Fortis is discussed as a top-tier utility company with a long history of dividend increases, currently trading at the lower end of its forecast range, and is analyzed for its regulated utility model, US operations, and potential growth from data centers.
Linked Mentions
Tickers discussed in this post
Caterpillar's stock is trading at a high valuation of 36x earnings, which is a concern despite its strong recurring revenue from parts and maintenance.
Suncor is briefly mentioned as a company that spent all its money on share buybacks during the COVID-19 crisis, implying a contrast with Canadian Natural Resources' dividend policy.
Canadian Natural Resources is highlighted as one of the country's best dividend growth stocks, with an impressive track record of increasing dividends even through oil crises.
CN Rail has slowing dividend growth and management has not fully leveraged its competitive moat, despite its strong infrastructure advantage.
Thomson Reuters is rated 'A' tier, considered attractively valued with good future dividend growth potential, despite potential AI disruption.