Fortis Inc. (FTS) to Issue Quarterly Dividend of $0.64 on September 1st

Fortis Inc. (TSE:FTS) declared a quarterly dividend on Wednesday, August 19th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.64 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th.

Fortis Stock Performance

Shares of TSE:FTS opened at C$78.68 on Monday. The company has a market capitalization of C$40.20 billion, a PE ratio of 23.14, a P/E/G ratio of 3.01 and a beta of 0.42. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 143.60. Fortis has a 12-month low of C$67.15 and a 12-month high of C$83.75. The business’s fifty day simple moving average is C$80.44 and its 200-day simple moving average is C$78.25.

Fortis (TSE:FTS) last issued its quarterly earnings data on Friday, July 31st. The company reported C$0.78 earnings per share for the quarter. Fortis had a return on equity of 7.43% and a net margin of 14.72%.The firm had revenue of C$2.93 billion during the quarter. As a group, equities research analysts predict that Fortis will post 3.3419913 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider James Reid sold 421 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$79.05, for a total transaction of C$33,280.05. Following the sale, the insider owned 31,283 shares in the company, valued at approximately C$2,472,921.15. The trade was a 1.33% decrease in their ownership of the stock. Insiders bought a total of 572 shares of company stock valued at $45,909 over the last three months. 0.04% of the stock is currently owned by company insiders.

Fortis Company Profile

Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 23 gigawatts.