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Fortis (FTS) Dividend Yield, Date & History

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$41.72 +0.56 (+1.36%)
(As of 12/20/2024 05:31 PM ET)

Fortis Dividend Summary

Dividend Yield
4.34%
Annual Dividend
$1.81
Next
Dividend Payment
Mar. 1
Annualized 3-Year
Dividend Growth
5.65%
Dividend Payout Ratio
76.05%

Fortis (FTS) pays an annual dividend of $1.81 per share, with a dividend yield of 4.34%. The next quarterly payment of $0.4382 per share is scheduled for Saturday, March 1, to investors who own the stock before the ex-dividend date of Tuesday, February 18. The company currently pays out 76.05% of its earnings and 37.79% of its cash flow as dividends.

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FTS Dividend Payments by Quarter

The chart below displays up to four years of Fortis' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

FTS Dividend Yield Over Time

The chart below tracks Fortis' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Fortis vs. The Competition

Compare Fortis' annual dividend, yield, and 3-year growth rate with averages for Utilities and NYSE companies to evaluate its performance against the market.

TypeFortisUtilities CompaniesNYSE Companies
Annual Dividend$1.81$0.04$1.39
Dividend Yield4.34%4.09%3.58%
Annualized 3-Year Dividend Growth5.65%1.33%15.78%

Fortis Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings76.05%
Based on This Year's Estimate78.02%
Based on Next Year's Estimate74.79%
Based on Cashflow37.79%

Fortis Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/6/2024quarterly$0.4382-$0.1768
28.75%
4%2/18/20252/18/20253/1/2025
9/26/2024Quarterly$0.6150+$0.1840
42.69%
5.42%11/18/202411/18/202412/1/2024
7/30/2024Quarterly$0.4310-$0.0072
1.64%
4.12%8/20/20248/20/20249/1/2024
2/12/2024quarterly$0.4382+$0.0032
0.74%
4.4%5/16/20245/17/20246/1/2024
12/8/2023quarterly$0.4350-$0.0020
0.46%
4.2%2/15/20242/16/20243/1/2024
9/19/2023Quarterly$0.4370+$0.01
2.34%
4.27%11/16/202311/17/202312/1/2023
8/1/2023Quarterly$0.4270-$0.1380
24.42%
4.11%8/18/20238/21/20239/1/2023
2/9/2023quarterly$0.5650 - 4%5/16/20235/17/20236/1/2023

This table shows Fortis' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Fortis Dividend - Frequently Asked Questions

The current dividend yield for Fortis is 4.34%. Learn more on FTS's dividend yield history.

The annual dividend for FTS shares is $1.81. Learn more on FTS's annual dividend history.

Fortis pays quarterly dividends to shareholders.

Fortis's next quarterly dividend payment of $0.4382 per share will be made to shareholders on Saturday, March 1, 2025.

Fortis's most recent quarterly dividend payment of $0.6150 per share was made to shareholders on Sunday, December 1, 2024.

Fortis's next ex-dividend date is Tuesday, February 18, 2025.

Fortis's most recent ex-dividend date was Monday, November 18, 2024.

Over the past three years, the company's dividend has grown by an average of 5.65% per year.

The most recent change in the company's dividend was a decrease of $0.1768 on Friday, December 6, 2024.

The dividend payout ratio for FTS is:
  • 76.05% based on the trailing year of earnings
  • 78.02% based on this year's estimates
  • 74.79% based on next year's estimates
  • 37.79% based on cash flow

Fortis' dividend yield of 4.43% is higher than the average Utilities company that issues a dividend. Fortis' dividend payout ratio of 76.05% may not be sustainable. However, based on earnings estimates, FTS will have a more sustainable dividend payout ratio of 74.79% next year.

Looking at the stock as a whole, market analysts rate Fortis stock as a Sell, forecasting declining performance or overvaluation, indicating potential reasons to exit positions.


This page (NYSE:FTS) was last updated on 12/21/2024 by MarketBeat.com Staff
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