Fortis Inc (TSE:FTS) Director Gary Joseph Smith sold 10,072 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$42.10, for a total value of C$424,031.20.
Shares of Fortis Inc (FTS) opened at C$41.93 on Thursday. The company has a market capitalization of $17,660.00, a P/E ratio of 18.07 and a beta of -0.06. Fortis Inc has a one year low of C$39.38 and a one year high of C$48.73.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.05%. The ex-dividend date is Thursday, May 17th. Fortis’s dividend payout ratio is presently 70.04%.
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Fortis Inc is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Energy Inc (FortisBC Energy), FortisBC Inc (FortisBC Electric) and Newfoundland Power Inc (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited.
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