Written by Andrew Walker at The Motley Fool Canada
Canadians use their self-directed Registered Retirement Savings Plan (RRSP) accounts to build investment portfolios that will complement government and work pensions. Investors who missed the TSX rally this year are wondering which dividend stocks might still be attractive and good to buy for a portfolio focused on yield and total returns.
Fortis
Fortis (TSX:FTS) raised the dividend in each of the past 50 years. This is the type of stock RRSP investors with buy-and-hold strategies should seek out when looking for companies to add to their portfolios.
Fortis grows through a combination of strategic acquisitions and development projects. Management hasn’t made a large acquisition for several years, but Fortis is working through a $25 billion capital program that is expected to increase the rate base from $37 billion in 2023 to $49.4 billion in 2028. As new assets go…
