Fortis Inc. (FTS) to Issue Quarterly Dividend of $0.64 on June 1st

Fortis Inc. (TSE:FTS) declared a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Stockholders of record on Monday, June 1st will be given 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 Stock Down 0.8%

Fortis stock traded down C$0.60 during mid-day trading on Wednesday, reaching C$76.55. The stock had a trading volume of 156,938 shares, compared to its average volume of 1,698,819. The company has a market capitalization of C$38.97 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 3.01 and a beta of 0.47. The company has a 50-day moving average price of C$77.89 and a two-hundred day moving average price of C$74.45. Fortis has a one year low of C$63.54 and a one year high of C$80.69. The company has a debt-to-equity ratio of 145.23, a current ratio of 0.49 and a quick ratio of 0.36.

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. The business had revenue of C$3.40 billion during the quarter. Fortis had a net margin of 14.75% and a return on equity of 7.51%. On average, analysts expect that Fortis will post 3.3419913 EPS for the current fiscal year.

Insider Buying and Selling

In other Fortis news, insider Karen J. Gosse sold 8,412 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of C$78.18, for a total transaction of C$657,650.16. Following the completion of the transaction, the insider directly owned 52,228 shares in the company, valued at approximately C$4,083,185.04. This represents a 13.87% decrease in their ownership of the stock. Insiders own 0.04% of the company’s stock.

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.