Defensive stocks that may hold up during economic uncertainty

The article highlights Fortis, Loblaw and Enbridge as defensive stocks and notes long-running dividend increases and reported yields for each.

An article profiles three companies presented as defensive stocks amid economic uncertainty. It emphasizes their roles in utilities, grocery and pharmacy retailing, and energy infrastructure. The piece highlights long-running dividend increases and predictable cash flows as reasons they are framed as defensive. Yield figures and operational claims are reported for each company. Key points: - The article mentions Fortis as a large utility operating across 10 regions, reporting a 3.5% yield and more than 50 consecutive years of annual dividend increases. - The article mentions Loblaw Companies as Canada’s largest grocer and pharmacy operator, noting its private-label brands and a reported quarterly dividend yield of 0.90% and a stated 34% gain over the trailing 12 months. - The article mentions Enbridge as a major energy infrastructure company, reporting it transports one-third of North American-produced crude and one-fifth of U.S. natural gas needs, and a reported dividend yield of 6.2% with over three decades of annual increases. - The article frames these firms as providers of essential services with recurring revenue and resilience during downturns. Summary: The article presents these companies as defensive because of essential services, steady cash flows and long dividend records. Undetermined at this time.