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

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

Fortis Stock Performance

TSE:FTS opened at C$78.68 on Monday. The company has a debt-to-equity ratio of 143.60, a current ratio of 0.56 and a quick ratio of 0.36. The business has a fifty day simple moving average of C$80.44 and a two-hundred day simple moving average of C$78.25. Fortis has a 1 year low of C$67.15 and a 1 year high of C$83.75. The company has a market capitalization of C$40.20 billion, a P/E ratio of 23.14, a P/E/G ratio of 3.01 and a beta of 0.42.

Fortis (TSE:FTS) last issued its earnings results on Friday, July 31st. The company reported C$0.78 earnings per share (EPS) 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 for the quarter. On average, analysts expect that Fortis will post 3.3419913 earnings per share for the current 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.