Fortis Dividend
Dividend criteria checks 4/6
Fortis is a dividend paying company with a current yield of 4.12% that is well covered by earnings. Next payment date is on 1st December, 2024 with an ex-dividend date of 18th November, 2024.
Key information
4.1%
Dividend yield
73%
Payout ratio
| Industry average yield | 2.9% |
| Next dividend pay date | 01 Dec 24 |
| Ex dividend date | 18 Nov 24 |
| Dividend per share | CA$2.460 |
| Earnings per share | CA$3.15 |
| Future Dividend Yield | 4.4% |
Recent dividend updates
No updates
Recent updates
No updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FTS.PRG's dividends per share have been stable in the past 10 years.
Growing Dividend: FTS.PRG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Fortis Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (FTS.PRG) | 4.1% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Electric Utilities) | 2.9% |
| Analyst forecast (FTS.PRG) (up to 3 years) | 4.4% |
Notable Dividend: FTS.PRG's dividend (4.12%) is higher than the bottom 25% of dividend payers in the Canadian market (1.77%).
High Dividend: FTS.PRG's dividend (4.12%) is low compared to the top 25% of dividend payers in the Canadian market (6.11%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.2%), FTS.PRG's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: FTS.PRG is paying a dividend but the company has no free cash flows.