Fortis (NYSE:FTS) Announces Quarterly Dividend of C$0.64

Fortis (NYSE:FTS) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.64 per share by the utilities provider on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, May 15th.

Fortis has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. Fortis has a payout ratio of 72.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fortis to earn $2.47 per share next year, which means the company should continue to be able to cover its $1.86 annual dividend with an expected future payout ratio of 75.3%.

Fortis Price Performance

Fortis stock opened at $55.45 on Thursday. The stock has a fifty day moving average of $52.20 and a 200-day moving average of $51.11. The stock has a market capitalization of $28.13 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 4.27 and a beta of 0.50. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.54 and a current ratio of 0.66. Fortis has a 52 week low of $42.95 and a 52 week high of $55.85.

Fortis News Summary

Here are the key news stories impacting Fortis this week:

• Positive Sentiment: Q4 earnings beat — Fortis reported Q4 EPS of $0.65 vs. the Zacks consensus of $0.62 (vs. $0.59 a year ago), signaling modest operating momentum and supporting the near-term outlook. Fortis (FTS) Surpasses Q4 Earnings and Revenue Estimates
• Positive Sentiment: Higher 2025 earnings and a record capital plan — Fortis reported higher full-year 2025 earnings and announced a record $28.8 billion capital program, which supports regulated utility growth and future rate-base expansion (long-term growth driver for regulated utilities). Fortis Posts Higher 2025 Earnings and Unveils Record $28.8 Billion Capital Plan
• Positive Sentiment: Dividend declared — The board declared a quarterly dividend of $0.64/share (record date May 15; payable June 1), implying an annualized yield around 4.7%, reinforcing income appeal for yield-focused investors. Fortis Inc. Announces Second Quarter Dividends – 2026
• Neutral Sentiment: Regulatory/financial filings submitted — Fortis filed its 2025 year‑end consolidated financial and regulatory disclosure documents (routine but provides full audited detail and transparency). Investors can review the filings for segment-level results and regulatory notes. Fortis Inc. Files 2025 Year-End Disclosure Documents
• Neutral Sentiment: Full Q4 & annual press release posted — Management’s full 2025 results and outlook were published (useful for modeling but already reflected in the headlines above). Fortis Inc. Reports Fourth Quarter & Annual 2025 Results

Fortis Company Profile

Fortis Inc is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience.