After a tough start to this month, the Canadian equity markets have rebounded strongly over the last few days due to easing recession fears. Amid renewed investors’ confidence, the S&P/TSX Composite Index is up 9.9% this year. Meanwhile, the following three stocks, which pay dividends at a healthier rate, have outperformed the broader equity markets. These three stocks offer excellent buying opportunities, given their solid underlying businesses, consistent dividend increases, and healthy growth prospects.
Fortis
Fortis (TSX:FTS) operates 10 regulated utility assets across the United States, Canada, and the Caribbean, meeting the electric and natural gas needs of 3.5 million customers. The company operates a capital-intensive business. Falling interest rates could lower its interest expenses, thus improving its profitability. So, the company has witnessed healthy buying over the last couple of weeks, with its…
