Fortis, Inc.

Fortis Inc. Preferred Stock 4.75% Perpetual is a type of fixed-income security issued by Fortis Inc., a leading North American utility company. The primary function of this asset is to provide investors with consistent dividend payments, set at an annual rate of 4.75%, and offer greater stability compared to common stocks. As perpetual preferred stock, it does not have a maturity date, meaning that the dividends are potentially issued indefinitely, reflecting Fortis Inc.'s long-term financial commitment to its shareholders.Notable features of this preferred stock include its priority over common stock in dividend payments and its fixed nature, insulating it somewhat from market volatilities affecting corporate earnings. This makes it particularly attractive to investors seeking reliable income streams. Operating in both the electricity and natural gas sectors, Fortis Inc. plays a significant role in utility markets across Canada, the United States, and the Caribbean, impacting industries from residential power distribution to commercial energy supplies.In the financial market, this preferred stock serves as a stable investment instrument, enhancing capital structure by allowing Fortis to access funds without diluting shareholder control or committing to interest-bearing debt.