Fortis (FTS) Set to Announce Earnings on Thursday
Fortis (TSE:FTS) is set to announce its earnings results before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of C$0.62 per share for the quarter.
Fortis (FTS) opened at C$41.20 on Thursday. Fortis has a one year low of C$40.88 and a one year high of C$48.73. The firm has a market cap of $17,350.00, a P/E ratio of 16.55 and a beta of -0.06.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Wednesday, February 14th. Fortis’s payout ratio is currently 64.26%.
Fortis Inc is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Energy Inc (FortisBC Energy), FortisBC Inc (FortisBC Electric) and Newfoundland Power Inc (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited.
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