5 TSX-60 Stocks that Pay Dividends

In this article, we discuss 5 TSX-60 stocks that pay dividends. If you want to see some more stocks in this selection, see 10 TSX-60 Stocks that Pay Dividends. 

5. Fortis Inc. (NYSE:FTS)

Number of Hedge Fund Holders: 9

Dividend Yield as of April 27: 3.41% 

Fortis Inc. (NYSE:FTS) is headquartered in St. John’s, Canada, operating as an electric and gas utility company in Canada, the United States, and the Caribbean countries. As of April 27, Fortis Inc. (NYSE:FTS) delivers a dividend yield of 3.41%. 

On February 11, Fortis Inc. (NYSE:FTS) declared a C$0.535 per share quarterly dividend, in line with previous. The dividend is payable on June 1, to shareholders of the company at the close of business on May 17. 

Scotiabank analyst Robert Hope on April 19 raised the firm’s price target on Fortis Inc. (NYSE:FTS) to C$63 from C$61 and maintained a Sector Perform rating on the shares.

According to the Q4 database of Insider Monkey, Fortis Inc. (NYSE:FTS) was found in the public investment portfolios of 9 hedge funds, who collectively held stakes worth $517.4 million, compared to 5 funds in the prior quarter, holding stakes in Fortis Inc. (NYSE:FTS) valued at $171.2 million. Rajiv Jain’s GQG Partners is the leading position holder in the company, with almost 6.5 million shares worth $313 million.