Fortis Dividend
Dividend criteria checks 4/6
Fortis is a dividend paying company with a current yield of 4.39% that is well covered by earnings. Next payment date is on 1st June, 2024 with an ex-dividend date of 16th May, 2024.
Key information
4.4%
Dividend yield
74%
Payout ratio
| Industry average yield | 3.4% |
| Next dividend pay date | 01 Jun 24 |
| Ex dividend date | 16 May 24 |
| Dividend per share | n/a |
| Earnings per share | CA$3.05 |
| Dividend yield forecast in 3Y | 4.9% |
Recent dividend updates
Recent updates
Fortis Inc. (TSE:FTS) Shares Could Be 22% Below Their Intrinsic Value Estimate
Apr 03
Returns At Fortis (TSE:FTS) Appear To Be Weighed Down
Feb 29Risks To Shareholder Returns Are Elevated At These Prices For Fortis Inc. (TSE:FTS)
Dec 25If EPS Growth Is Important To You, Fortis (TSE:FTS) Presents An Opportunity
Dec 04Fortis' (TSE:FTS) Upcoming Dividend Will Be Larger Than Last Year's
Oct 29Does Fortis (TSE:FTS) Have A Healthy Balance Sheet?
Oct 18Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes
Sep 21Calculating The Intrinsic Value Of Fortis Inc. (TSE:FTS)
Aug 18Here's Why We Think Fortis (TSE:FTS) Is Well Worth Watching
Aug 03Is Fortis (TSE:FTS) Using Too Much Debt?
Jul 05Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes
Jun 04A Look At The Intrinsic Value Of Fortis Inc. (TSE:FTS)
Apr 19Is Fortis (TSE:FTS) A Risky Investment?
Mar 23Investors Met With Slowing Returns on Capital At Fortis (TSE:FTS)
Feb 24Calculating The Fair Value Of Fortis Inc. (TSE:FTS)
Jan 18These 4 Measures Indicate That Fortis (TSE:FTS) Is Using Debt Extensively
Dec 19Fortis' (TSE:FTS) Dividend Will Be Increased To CA$0.565
Nov 07Fortis (TSE:FTS) Has Announced That It Will Be Increasing Its Dividend To CA$0.565
Oct 24Estimating The Fair Value Of Fortis Inc. (TSE:FTS)
Oct 16Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.565
Oct 02Returns On Capital At Fortis (TSE:FTS) Have Stalled
Sep 14Fortis (TSE:FTS) Has A Somewhat Strained Balance Sheet
Aug 30A Look At The Intrinsic Value Of Fortis Inc. (TSE:FTS)
Jul 04Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes
Jun 16These 4 Measures Indicate That Fortis (TSE:FTS) Is Using Debt Extensively
Jun 01A Look At The Fair Value Of Fortis Inc. (TSE:FTS)
Mar 30We Like These Underlying Return On Capital Trends At Fortis (TSE:FTS)
Mar 15Is Fortis (TSE:FTS) Using Too Much Debt?
Feb 28Fortis (TSE:FTS) Is Increasing Its Dividend To CA$0.54
Jan 16Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.54
Jan 02Are Investors Undervaluing Fortis Inc. (TSE:FTS) By 50%?
Dec 19Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.54
Nov 21Fortis (TSE:FTS) Has Some Way To Go To Become A Multi-Bagger
Nov 17Does Fortis (TSE:FTS) Have A Healthy Balance Sheet?
Nov 02Fortis (TSE:FTS) Has Announced That It Will Be Increasing Its Dividend To CA$0.54
Oct 03The Returns At Fortis (TSE:FTS) Aren't Growing
Aug 15Is Fortis (TSE:FTS) A Risky Investment?
Aug 02Calculating The Fair Value Of Fortis Inc. (TSE:FTS)
Jul 05Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FTS's dividends per share have been stable in the past 10 years.
Growing Dividend: FTS's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Fortis Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (FTS) | 4.4% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.6% |
| Industry Average (Electric Utilities) | 3.4% |
| Analyst forecast in 3 Years (FTS) | 4.9% |
Notable Dividend: FTS's dividend (4.39%) is higher than the bottom 25% of dividend payers in the Canadian market (1.9%).
High Dividend: FTS's dividend (4.39%) is low compared to the top 25% of dividend payers in the Canadian market (6.57%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.8%), FTS's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: FTS is paying a dividend but the company has no free cash flows.