Fortis Inc (NYSE:FTS) announced a — dividend on Wednesday, September 11th, Wall Street Journal reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.3631 per share by the utilities provider on Sunday, December 1st. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 18th.
Shares of FTS stock traded up $0.29 during trading on Thursday, reaching $42.12. 30,124 shares of the company’s stock traded hands, compared to its average volume of 370,175. The company has a market capitalization of $18.37 billion, a P/E ratio of 22.07, a PEG ratio of 3.82 and a beta of 0.15. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 1.31. The firm’s 50-day moving average is $40.75 and its 200 day moving average is $38.52. Fortis has a 1 year low of $31.37 and a 1 year high of $42.62.
Fortis (NYSE:FTS) last posted its earnings results on Friday, August 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.11. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Fortis had a net margin of 12.72% and a return on equity of 6.80%. During the same period in the prior year, the company posted $0.57 EPS. As a group, sell-side analysts predict that Fortis will post 1.96 earnings per share for the current fiscal year.
Fortis Company Profile
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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