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Fortis (FTS) Dividend Yield, Date & History

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C$60.01 +0.71 (+1.20%)
(As of 12/20/2024 05:17 PM ET)

Fortis Dividend Summary

Dividend Yield
4.10%
Annual Dividend
C$2.46
Recent
Dividend Payment
Dec. 1
Dividend Payout Ratio
77.12%

Fortis (FTS) pays an annual dividend of C$2.46 per share, with a dividend yield of 4.10%. The next payment of C$0.83 per share was paid on Sunday, December 1, to investors who owned the stock before the ex-dividend date of Monday, November 18. The company currently pays out 77.12% of its earnings and 269.75% 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 TSE companies to evaluate its performance against the market.

TypeFortisUtilities CompaniesTSE Companies
Annual DividendC$2.46C$0.04C$1.07
Dividend Yield4.10%4.09%5.78%

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 Earnings77.12%
Based on This Year's Estimate73.61%
Based on Cashflow269.75%

Fortis Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/18/2024Quarterly$0.83+$0.24
40.68%
5.43%11/18/202412/1/202412/1/2024
8/20/2024Quarterly$0.59 - 4.09%8/20/20249/1/20249/1/2024
5/16/2024quarterly$0.59 - 4.5%5/16/20246/1/20246/1/2024
12/6/2023Quarterly$0.59 - 4.25%2/15/20242/16/20243/1/2024
12/6/2023Quarterly$0.59 - 4.25%2/15/20242/16/20243/1/2024
11/16/2023Quarterly$0.59+$0.0250
4.42%
4.29%11/16/202312/1/202312/1/2023
8/18/2023quarterly$0.5650 - 4.07%8/18/20238/21/20239/1/2023
5/16/2023quarterly$0.5650 - 4.21%5/16/20236/1/20236/1/2023
2/14/2023Quarterly$0.5650 - 4.23%2/14/20233/1/20233/1/2023

This table shows Fortis' dividend 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 4.10%. Learn more on FTS's dividend yield history.

The annual dividend for FTS shares is C$2.46. Learn more on FTS's annual dividend history.

Fortis pays quarterly dividends to shareholders.

Fortis's most recent quarterly dividend payment of C$0.83 per share was made to shareholders on Sunday, December 1, 2024.

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

The most recent change in the company's dividend was an increase of C$0.24 on Monday, November 18, 2024.

The dividend payout ratio for FTS is:
  • 77.12% based on the trailing year of earnings
  • 73.61% based on this year's estimates
  • 269.75% based on cash flow

Fortis' dividend yield of 3.98% is lower than the average Utilities company that issues a dividend. Fortis' dividend payout ratio of 77.12% may not be sustainable.

Looking at the stock as a whole, market analysts rate Fortis stock as a Reduce, forecasting potential downside risks or overvaluation, signaling caution for investors.


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