Fortis Dividend
Dividend criteria checks 4/6
Fortis is a dividend paying company with a current yield of 4.37% 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 | US$3.05 |
| Dividend yield forecast in 3Y | 4.8% |
Recent dividend updates
Recent updates
Fortis: The Sub-Par Performance Continues Due To Valuation
Mar 27Fortis: Preferred Shares Deliver Yield And Outperform Common
Jan 10Fortis: An Update On One Of The Larger Canadian Utilities, Maintain 'Hold'
Nov 06Fortis: 8-9% Yielding Preferred Shares Offer A Lower Risk Prospect Vs. Common Shares
Aug 23Fortis: A Stable High-Yielding Utility That Is Too Expensive
Jun 06Fortis Q4 Earnings Preview
Feb 09Fortis: A Dividend King In The Making
Jan 17Fortis Warrants A Valuation Update After A 14% Drop - Close To A 'Buy'
Nov 08Fortis Q3 2022 Earnings Preview
Oct 27Fortis raises dividend 5.6% to CAD 0.565/share
Sep 28Fortis subsidiary launches senior notes offering
Sep 08Fortis: Completion Of Energy Projects Will Likely Push The Price Up
Aug 29Fortis declares CAD 0.535 dividend
Jul 28Fortis: Strong Renewable Ambitions And Financials But Appears Overpriced
May 24Fortis: I Remain At 'Hold', But There Is A Potential Upside At 18X P/E
Mar 01Fortis: A Solid Dividend Investment
Oct 18Fortis Is A Dividend Grower With More Upside
Jul 17Fortis Q1 2021 Earnings Preview
May 04Fortis Is A Fantastic Investment - But Not Now
Apr 30Fortis (FTS) Presents At 2020 Wells Fargo Midstream and Utility Symposium Conference - Slideshow
Dec 15Fortis (FTS) Presents At Wolfe Research Meetings: EEI 55th Financial Virtual Conference - Slideshow
Nov 22Dividend Watch: Fortis Is A Top Income Stock
Nov 19Fortis Q3 2020 Earnings Preview
Oct 29Upcoming 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% (US) | 1.5% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Electric Utilities) | 3.4% |
| Analyst forecast in 3 Years (FTS) | 4.8% |
Notable Dividend: FTS's dividend (4.37%) is higher than the bottom 25% of dividend payers in the US market (1.55%).
High Dividend: FTS's dividend (4.37%) is low compared to the top 25% of dividend payers in the US market (4.78%).
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.