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
US$1.819
Earnings per share
US$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: 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
How does FTRS.F dividend yield compare to the market?
Segment
Dividend Yield
Company (FTRS.F)
4.1%
Market Bottom 25% (US)
1.5%
Market Top 25% (US)
4.5%
Industry Average (Electric Utilities)
2.9%
Analyst forecast (FTRS.F) (up to 3 years)
4.4%
Notable Dividend: FTRS.F's dividend (4.12%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: FTRS.F's dividend (4.12%) is low compared to the top 25% of dividend payers in the US market (4.5%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.2%), 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.