Fortis Inc. (FTS) to Issue Quarterly Dividend of $0.64 on September 1st

Fortis Inc. (TSE:FTS) announced a quarterly dividend on Wednesday, August 19th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.64 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th.

Fortis Price Performance

FTS opened at C$78.68 on Monday. Fortis has a 1 year low of C$67.15 and a 1 year high of C$83.75. The firm has a 50 day moving average price of C$80.44 and a 200 day moving average price of C$78.25. The company has a debt-to-equity ratio of 143.60, a quick ratio of 0.36 and a current ratio of 0.56. The company has a market cap of C$40.20 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 3.01 and a beta of 0.42.

Fortis (TSE:FTS) last released its quarterly earnings results on Friday, July 31st. The company reported C$0.78 earnings per share for the quarter. The firm had revenue of C$2.93 billion during the quarter. Fortis had a return on equity of 7.43% and a net margin of 14.72%. Sell-side analysts expect that Fortis will post 3.3419913 earnings per share for the current year.

Insider Buying and Selling

In other Fortis news, insider James Reid sold 24,700 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$79.21, for a total value of C$1,956,487.00. Following the sale, the insider directly owned 31,283 shares of the company’s stock, valued at C$2,477,926.43. This trade represents a 44.12% decrease in their ownership of the stock. In the last ninety days, insiders acquired 572 shares of company stock worth $45,909. 0.04% of the stock is owned by corporate insiders.

Fortis Company Profile

Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 23 gigawatts.