Fortis Dividends and Buybacks
Dividend criteria checks 4/6
Fortis is a dividend paying company with a current yield of 3.9% 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
3.9%
Dividend yield
-0.1%
Buyback Yield
| Total Shareholder Yield | 3.8% |
| Future Dividend Yield | 4.1% |
| Dividend Growth | 0.7% |
| Next dividend pay date | 01 Dec 24 |
| Ex dividend date | 18 Nov 24 |
| Dividend per share | US$1.819 |
| Payout ratio | 73% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FTRS.F's dividends per share have been stable in the past 10 years.
Growing Dividend: FTRS.F's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Fortis Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (FTRS.F) | 3.9% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Electric Utilities) | 2.9% |
| Analyst forecast (FTRS.F) (up to 3 years) | 4.1% |
Notable Dividend: FTRS.F's dividend (3.9%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: FTRS.F's dividend (3.9%) is low compared to the top 25% of dividend payers in the US market (4.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.1%), FTRS.F's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: FTRS.F is paying a dividend but the company has no free cash flows.