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

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

Fortis Price Performance

Shares of TSE:FTS opened at C$78.68 on Monday. The stock has a market cap of C$40.20 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 3.01 and a beta of 0.42. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 143.60. Fortis has a 12-month low of C$67.15 and a 12-month high of C$83.75. The business’s 50 day moving average is C$80.44 and its 200 day moving average is C$78.25.

Fortis (TSE:FTS) last announced its quarterly 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 business had revenue of C$2.93 billion during the quarter. On average, sell-side analysts forecast that Fortis will post 3.3419913 earnings per share for the current fiscal year.

Fortis Company Profile

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.