Fortis Inc (TSE:FTS) declared a quarterly dividend on Tuesday, September 10th, Zacks reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.477 per share on Sunday, December 1st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from Fortis’s previous quarterly dividend of $0.45.
Shares of FTS stock traded up C$0.36 during mid-day trading on Thursday, reaching C$55.60. The stock had a trading volume of 280,155 shares, compared to its average volume of 1,093,103. Fortis has a 12-month low of C$40.71 and a 12-month high of C$56.62. The company has a market cap of $24.12 billion and a P/E ratio of 15.22. The business has a 50-day simple moving average of C$53.96 and a 200 day simple moving average of C$51.21. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 125.01.
Fortis (TSE:FTS) last announced its quarterly earnings results on Friday, August 2nd. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.58 by C$0.16. The firm had revenue of C$2.44 billion during the quarter, compared to analysts’ expectations of C$2.01 billion. Research analysts anticipate that Fortis will post 2.7699998 EPS for the current year.
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity.
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