Fortis Inc. (TSE:FTS) Plans $0.64 Quarterly Dividend

Fortis Inc. (TSE:FTS) announced a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Investors of record on Monday, June 1st will be paid a dividend of 0.64 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th.

Fortis Price Performance

FTS stock traded down C$0.02 during trading on Wednesday, reaching C$77.13. 68,337 shares of the company were exchanged, compared to its average volume of 1,697,701. The company has a debt-to-equity ratio of 145.23, a quick ratio of 0.36 and a current ratio of 0.49. The stock’s 50 day moving average price is C$77.89 and its 200 day moving average price is C$74.45. Fortis has a 52-week low of C$63.54 and a 52-week high of C$80.69. The company has a market cap of C$39.27 billion, a P/E ratio of 22.75, a PEG ratio of 3.01 and a beta of 0.47.

Fortis (TSE:FTS) last issued its earnings results on Wednesday, May 6th. The company reported C$0.99 earnings per share (EPS) for the quarter. Fortis had a net margin of 14.75% and a return on equity of 7.51%. The company had revenue of C$3.40 billion during the quarter. As a group, analysts predict that Fortis will post 3.3419913 earnings per share for the current fiscal year.

About Fortis

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.