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

by · The Cerbat Gem

Fortis Inc. (TSE:FTS – Get Free Report) 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) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, May 15th.

Fortis Stock Performance

TSE:FTS traded down C$0.46 during midday trading on Wednesday, hitting C$76.69. The company’s stock had a trading volume of 140,968 shares, compared to its average volume of 1,698,193. Fortis has a fifty-two week low of C$63.54 and a fifty-two week high of C$80.69. The firm’s 50 day moving average is C$77.89 and its 200-day moving average is C$74.45. The company has a debt-to-equity ratio of 145.23, a current ratio of 0.49 and a quick ratio of 0.36. The firm has a market cap of C$39.05 billion, a P/E ratio of 22.62, a P/E/G ratio of 3.01 and a beta of 0.47.

Fortis (TSE:FTS – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.99 earnings per share (EPS) for the quarter. The company 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%. Equities analysts anticipate that Fortis will post 3.3419913 earnings per share for the current fiscal year.

Insider Buying and Selling

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

About Fortis

(Get Free Report)

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.

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