Fortis Inc. (NYSE:FTS) is one of the 11 Best Canadian Dividend Stocks to Buy Now, with a focus on regulated utility businesses that provide steady cash flow. The company aims for 4-6% annual dividend growth through 2029 and currently offers a 3.80% dividend yield.

In its recent quarterly earnings report, Fortis Inc. (NYSE:FTS) reaffirmed its commitment to providing affordable and reliable energy despite economic volatility. The company has a five-year capital plan of $26.0 billion to raise its midyear rate base from $39.0 billion in 2024 to $53.0 billion by 2029.

While Fortis Inc. (NYSE:FTS) offers potential as an investment, some believe AI stocks may offer greater upside with less risk. Investors seeking undervalued AI stocks can explore opportunities in the market that stand to benefit from current trends and tariffs.

For more investment options, check out the 13 Best Industrial Dividend Stocks to Buy Right Now and the 10 Best Passive Income Stocks to Buy Now. Fortis Inc. is not the only option available for income investors looking to diversify their portfolios.

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Read more at Yahoo Finance: What Makes Fortis Inc. (FTS) a Core Holding for Canadian Income Investors?