Fortis, Inc.

Fortis Inc. Preferred Stock 4.9% Perpetual is a type of corporate fixed-income security offering regular, steady dividend payouts. This preferred stock is designed to provide investors with a stable source of income, as it pays a fixed dividend of 4.9% annually. As a perpetual preferred stock, it does not have a maturity date, allowing Fortis Inc. to indefinitely retain the capital raised through its issuance, which supports long-term financing needs.Fortis Inc. is a well-established utility company operating predominantly in the North American energy sector, focusing on regulated electricity and gas distribution. The dividend yield makes this preferred stock an attractive asset for investors seeking predictable cash flows without the volatility often associated with common stocks. By investing in Fortis Inc.'s preferred stock, market participants can benefit from the company's stable operations and strong market position within the utility industry.In the broader financial market, such perpetual preferred stocks play a crucial role in providing diversification opportunities for portfolios, offering relative safety compared to common equities, and serving as a vehicle for income-oriented investors, particularly during periods of economic uncertainty.