Fortis Dividend
Dividend criteria checks 4/6
Fortis is a dividend paying company with a current yield of 4.33% that is well covered by earnings.
Key information
4.3%
Dividend yield
74%
Payout ratio
Industry average yield | 3.2% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CA$3.10 |
Dividend yield forecast in 3Y | 4.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FTS.PRM's dividends per share have been stable in the past 10 years.
Growing Dividend: FTS.PRM's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Fortis Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (FTS.PRM) | 4.3% |
Market Bottom 25% (CA) | 1.8% |
Market Top 25% (CA) | 6.4% |
Industry Average (Electric Utilities) | 3.2% |
Analyst forecast in 3 Years (FTS.PRM) | 4.8% |
Notable Dividend: FTS.PRM's dividend (4.33%) is higher than the bottom 25% of dividend payers in the Canadian market (1.84%).
High Dividend: FTS.PRM's dividend (4.33%) is low compared to the top 25% of dividend payers in the Canadian market (6.39%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.8%), FTS.PRM's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: FTS.PRM is paying a dividend but the company has no free cash flows.